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Up to 4.00 % p.a. Interest rate

Save smarter through seasonal highs and lows

Farming is full of seasonal and market-driven fluctuations, but your finances don’t have to be. Our Farm Management Deposit (FMD) account is a practical way for primary producers to take control of their income by setting aside surplus earnings in more profitable years.

This account offers a tax-effective way to manage your money, allowing you to defer income tax and smooth out your cash flow across financial years. With fixed interest rates, you can enjoy the certainty of steady returns, while flexible terms give you the freedom to align your savings with your business cycle.

Tailored specifically for Australian primary producers, our FMD account is a smart financial tool to help you prepare for the unexpected, invest in your future and stay resilient through every season.

So, what are the perks?

Features, Rates and Further Information

Product Features:

Business Banking
Interest payment frequency : 3, 6 and 12 months at maturity. 24 months annually.
Minimum deposit : $1,000
Maximum deposit : $800,000
Staff assisted transactions : Branch and Contact Centre
Term Interest Rates
3 months 3.25% p.a.
6 months 4.00% p.a.
12 months 4.00% p.a.
24 months 3.60% p.a.
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Rates Rates
Fees Fees
Target market determinations Target Market Determinations
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Interest Rates  Interest rate
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Frequently Asked Questions

Our business accounts are available to a wide range of entities, including sole traders, partnerships, companies, trusts, associations, and not-for-profits. Some accounts, such as trust accounts, are designed for specific industries like legal, real estate, or conveyancing services.

Most of our business accounts do not require a minimum opening balance. However, interest-earning accounts like the Business Maximiser or Internet Saver Business may have balance thresholds to qualify for interest.

Yes. All business accounts can be accessed through The Mutual App and Internet Banking, allowing you to view balances, transfer funds, pay bills, and download statements 24/7.

Yes. You can request a Mutual Visa Debit Card for eligible business accounts, such as the Business Maximiser or Business Cheque Account. This allows you to make purchases in-store, online or over the phone.

Yes. Our Business Maximiser, Internet Saver Business, and Farm Management Deposit accounts offer competitive interest on eligible balances. Interest is calculated daily and paid monthly or at maturity, depending on the account.

You're gonna love us

The Mutual Bank has been supporting regional communities with trusted banking for over 135 years

We’re proudly customer owned, which means we exist to benefit you. Not external shareholders. Whether you're opening your first account or planning for the future, we’re here with genuine service, great-value products and the kind of care only a mutual can offer.

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    Interest on Farm Management Deposits is calculated by applying the daily percentage rate to the account balance and paid at intervals as specified in the tables above. We may allow you to break your Farm Management Deposit before the Maturity Date, subject to you first providing us with a valid request in writing no less than 31 calendar days’ prior, unless financial hardship applies. A reduced interest rate applies if Farm Management Deposits are redeemed before Maturity Date. The reduced interest rate is 0.50% per annum calculated from the date the account was opened to the date of early redemption. The daily percentage rate is the applicable annual percentage rate divided by 365.

We have not considered your objectives, financial situation, or needs. You should consider these things, along with the Product Disclosure Statement and our product Target Market Determinations before making any decision to acquire a product.