Farm Management Deposit account

 Product Features

• Other Additional Information: Deposits into the account may be deducted from your assessable income in the year of deposit if it complies with Farm Management Scheme Deposit Requirements and elegibility

• Other Additional Information: Saves money securely away for when you need it

• Other Additional Information: Pays guaranteed returns with a fixed interest rate

• Extra Repayments Additional Information: Subject to Terms and conditions, extra repayments is available for eligible customers

• Relationship Management Additional Information: Relationship management is available for eligible customers.

• Other Additional Information: Could earn higher interest than a standard savings account.

 Product Eligibility

• Other Additional Information: You must be an individual primary producer in Australia earning no more than $100,000 p.a. in non-farm income in the year of the FMD deposit

• Business Additional Information: You must be operating as a sole trade, partner in a partnership or beneficiary of a trust

• Other Additional Information: You can have multiple FMD accounts and with different banks, but you cannot hold more than $800,000 in total in FMDs

• Other Additional Information: You must comply with the ATO Farm Management Deposits Scheme special legislative requirements.

 Bank Fees and Charges

• Bank Cheque (Transaction), Amount: 10.00.

• Bank Cheque Online (Transaction), Amount: 0.00. Additional Information: This includes a customised remittance plus postage and handling

• Refunding A Bank Cheque No Longer Required - Original Presented (Transaction), Amount: 0.00. Additional Information: Fee charged per cheque for Bank customers

• Refunding / Replacing A Bank Cheque - Original Lost, Stolen Or Destroyed (Transaction), Amount: 0.00. Additional Information: Fee charged per cheque for Bank customers

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