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:
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.
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.
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.