How to apply
To be eligible for the farm management deposit account, the account holder must be an individual primary producer at the time when they open the account or make a deposit.
This means they're:
- Carrying on a primary production business at the time they make a deposit
- Acting as an individual (this can include the beneficiary of a trust, partner of a partnership, but not joint persons or companies)
You must also meet special legislative requirements to open a Farm Management Deposit Account. Refer to the Australian Taxation Office (ATO) website - Farm management deposits scheme for more details.
Things you should know
1Aggregate balance of all FMD Accounts (both fixed term and at-call) must not exceed $800,000. This is the case even if FMDs are held in different institutions.
The target market for this product will be found within the product’s Target Market Determination, available here.
If necessary, seek professional advice before making any investment decision. Please note that past performance is not a reliable indicator of future performance. View our Financial Services Guide. View General Information and Terms and Conditions issued by Commonwealth Bank of Australia for Farm Management Deposit Account before making any decision about the product.