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Business Accounts

Farm Management Deposit Accounts

Manage your farm’s cash reserve and get potential tax benefits with a Farm Management Deposit Account (FMD).

Business Accounts

Farm Management Deposit Accounts

Manage your farm’s cash reserve and get with a Farm Management Deposit Account (FMD).

We know how tough it gets

Some years bring profit and success, others bring drought, disasters and low crop prices. With a Farm Management Deposit Account with Suncorp Bank, you could set aside money during the good years and protect yourself during the bad. 

No account keeping or
transaction fees

For standard At Call or Fixed Term
Deposit accounts.

Benefit from interest rates

By choosing a standard At Call account
or a Fixed Term Deposit.

Earn interest on your full balance

Deposit any amount between
$1,000 - $800,000.

FMD Account types

Protect your farm, your way. With At Call (standard or with offset) and fixed Term Deposit accounts available, you can manage your cash flow in a way that works for you.
 

Earn variable interest

Standard At Call


Earn a variable interest rate while potentially receiving tax benefits.1

Variable interest rate

 

Rates effective 15 June 2023. Interest is calculated daily and paid annually on the anniversary of maturity.


Features & benefits:

  • Earn a variable interest rate, with no locked-in fixed-term periods.
  • Flexibly adapt to your farm’s needs, with the option to switch to a Term Deposit at any time. 
  • You could use it to offset an eligible Suncorp Bank Agribusiness loan.
  • You earn standard variable interest on your account balance.
  • Your income deposited into the FMD account is tax deductible in the financial year the deposit is made.1

Fees

  • No monthly account keeping fees and no Suncorp Bank transaction fees.

Offset your
Agribusiness Loan

At Call with Offset


Use your At Call FMD account to potentially save interest on your Suncorp Bank Agribusiness Loans.

Here’s how it works:

The interest payable is calculated based on your Eligible Loan balance, minus your At Call FMD account balance. 


Features & benefits:

  • Potentially pay less interest on your Eligible Loan. 
  • No locked-in fixed-term periods.
  • Flexibly adapt to your farm’s needs, with the option to switch to a Term Deposit at any time. 
  • Your income deposited into the FMD account is tax deductible in the financial year the deposit is made.1

Fees

  • $300 offset fee.
  • No monthly account keeping fees and no Suncorp Bank transaction fees.

Earn interest for a fixed term

Term Deposit


You can lock in your FMD account for a fixed term to earn a set interest rate. 

Fixed rate

Fixed rate

Fixed rate


Features & benefits:

  • You’re guaranteed a set interest rate for a fixed period.
  • You have the flexibility to choose the length of your term.
  • Your funds are securely invested for the duration of your fixed term.
  • Your income deposited into the FMD account is tax deductible in the financial year the deposit is made.1

Fees

  • No monthly account keeping fees and no Suncorp Bank transaction fees.

FMD Account types

Protect your farm, your way. With At Call (standard or with offset) and fixed Term Deposit accounts available, you can manage your cash flow in a way that works for you.
 

Earn variable interest

Standard At Call


Earn a variable interest rate while potentially receiving tax benefits.1

Variable interest rate

 

Rates effective 15 June 2023. Interest is calculated daily and paid annually on the anniversary of maturity.

 

Offset your
Agribusiness Loan

At Call with Offset


Use your At Call FMD account to potentially save interest on your Suncorp Bank Agribusiness Loans.

Here’s how it works:

The interest payable is calculated based on your Eligible Loan balance, minus your At Call FMD account balance. 

Earn interest for a
fixed term

Term Deposit


You can lock in your FMD account for a fixed term to earn a set interest rate. 

Fixed rate

Fixed rate

Fixed rate

Ready to apply

If you meet the eligibility requirement above, you can
apply for an FMD account. 

Visit your nearest Suncorp Bank branch.

Ready to apply

If you meet the eligibility requirement above, you can apply for an FMD account. 

Visit your nearest Suncorp Bank branch.

Frequently Asked Questions


 

1Funds must be held in an FMD for a minimum of 12 months to receive the tax benefit.

This information does not constitute tax advice. You should seek professional advice from your registered tax adviser as to how this product will impact your tax position. Information is intended to be of a general nature only and any advice has been prepared without taking into account any person's particular objectives, financial situation or needs. You should make your own enquiries, consider whether advice is appropriate for you and read the relevant Product Information Document before making any decisions about whether to acquire a product.

Deposit products issued by Suncorp-Metway Ltd ABN 66 010 831 722 AFSL 229882 (“Suncorp Bank”). Fees, charges, terms and conditions apply and are available on request.