The Mutual Bank
Farm Management Deposit
The Mutual Bank · term deposits
Provider last updated this product 2026-10-01.
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The Mutual Bank's website. Confirm the rate and fees with them
before applying.
A Farm Management Deposit which offers a fixed rate for terms up to 24 months.
Deposit rates
| Type | Rate | Term | Calculated | Applies to | Conditions | Interest |
|---|---|---|---|---|---|---|
| FIXED | 3.85% | 3 months | daily | $1,000 - $800,000, 3 - 3 months | - | calculated daily |
| FIXED | 4.60% | 6 months | daily | $1,000 - $800,000, 6 - 6 months | - | calculated daily |
| FIXED | 5.20% | 12 months | daily | $1,000 - $800,000, 12 - 12 months | - | calculated daily |
| FIXED | 4.35% | 24 months | daily | $1,000 - $800,000, 24 - 24 months | - | calculated daily, paid P12M |
Fees
| Fee | Type | Amount | Details |
|---|---|---|---|
| CHEQUE_DISHONOUR | EVENT | $9 | A dishonoured cheque is a cheque that is not paid by the financial institution on which it is drawn. A dishonour fee will apply each time the cheque is presented for payment and dishonoured. |
| DOCUMENT_FEE | EVENT | $60 | $60.00 per hour (subject to minimum $10.00 per copy). Payable if you request copies of documents such as withdrawal forms or statements, or you ask us to verify a transaction performed on your Account e.g. evidence of a Visa Debit Card purchase. |
| MISCELLANEOUS_SERVICE_FEE | EVENT | $60 | $60.00 per hour. Payable if you request information not covered by the Document Fee. |
| UNCLAIMED_MONIES_FEE | CASH_ADVANCE | $20 | The lessor $20.00 or account balance. Payable when an account is classified as dormant. |
| FOREIGN_CURRENCY_CONVERSION_SERVICE_FEE | TRANSACTION | 1.00% | A 1% service fee on the Australian dollar equivalent is payable for foreign currency transactions using your Mutual Visa Debit Card. |
| UNCLAIMED_MONIES_FEE | CASH_ADVANCE | $20 | The lessor $20.00 or account balance. Payable when an account is classified as dormant. |
| DORMANT_ACCOUNT_FEE | EVENT | $20 | This fee is charged to each of your Deposit Accounts closed due to dormancy. The lesser of $20.00 or the account balance. |
| PHYSICAL_FOREIGN_CURRENCY | TRANSACTION | 1.00% | 1% of Australian currency equivalent amount. Payable when physical foreign currency is issued or purchased. |
| DIRECT_ENTRY_DISHONOUR | EVENT | $9 | Payable when a direct entry (inward and outward) is dishonoured. |
| ATM_OWNER_FEE | CASH_ADVANCE | - | This fee amount is disclosed at the time of the ATM transaction and charged by the ATM owner for an ATM transaction including an ATM enquiry. |
| OVERDRAWN_FEE | EVENT | $9 | If your Account is overdrawn, without our prior agreement, a fee will be charged each time this occurs. Penalty interest (at the rate disclosed on the Deposit Interest Rate Schedule) will also be charged until the Account is brought back in order. |
Rate history
The figures behind this chart
| From | Until | Rate |
|---|---|---|
| 2026-07-15 | 2026-09-30 | 5.10% |
| 2026-10-01 | 2026-10-26 (current) | 5.20% |
Published figures as captured daily since 2026-07-15. A step is the day the provider's published figure changed; days without a published figure carry the last published value.
Features
- A certificate account only
- Early redemption - 31 calendar days notice required
Who can apply
- natural personEligible Primary Producer
- min age - 18
- residency status - Australian citizen or permanent resident, or as otherwise approved
- otherMust acknowledge mandatory statement on the Farm Management scheme conditions
- otherLinked account must be opened and maintained for fees and charges associated with this account
Limits
- min balance - 1000.00
- max balance - 800000.00
- opening balance - 1000.00
The provider's own documents
- Product overview › (opens in a new tab)
- Terms and conditions › (opens in a new tab)
- Eligibility criteria › (opens in a new tab)
- Fees and pricing › (opens in a new tab)
Published by the provider under the Consumer Data Right. These are their documents, not ours - they are the authority on this product.
Last updated by data holder: 2026-10-01T21:05:43.000+10:00 · Product ID: Farm_Management_Deposit