Farm Management Deposit Account
Features and benefits
Farm Management Deposit Account is an at-call account that provides primary producers with the opportunity to shift pre-tax primary production income from years when it is needed least to years when it is most needed. This assists with the management of any exposure to adverse economic events and seasonal fluctuations.
Farm Management Deposit Account at a glance
- No monthly account maintenance fees.
- Unlimited free branch withdrawals, minimum of $1,000 applies.
- You can view your account balance and transaction history though Internet Banking.
- Regular free account statements are issued monthly on the anniversary of your account opening.
- Any additional deposit requires a new Farm Management Deposit Account to be opened.
Accessing your account
Interest rates
Account balances over $1,000 will earn you interest, with even higher interest rates on account balances over $100,000.
Interest is calculated on daily balances and credited to your account on the last day of each month.
The current interest rates are available on the Today's rates page.
Fees and charges
For information on fees applicable to this product, please refer to the Business Banking Guide to Fees and Charges available on the Terms and Conditions page.
Please note ATM/EFTPOS, Cheque book facility, Direct Debits and Transfer Orders are not permitted on this account.
Government charges may be payable.
How to apply
To apply for a Farm Management Deposit gather your required information and visit your nearest branch.
Important information
Please view the terms and conditions listed below on the Terms and Conditions page:
- Business Banking Guide to Fees and Charges
- Business Transaction and Investment Accounts Terms and Conditions
Information current as at February 9, 2012.
Products issued by Bank of Queensland Limited ABN 32 009 656 740 AFSL 244616. This website contains general advice. This advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of any advice before acting on it. You should obtain and consider the relevant terms and conditions, Financial Services Guide and Guide to Fees and Charges for the product before making any decision about whether to acquire or continue to hold it. You can obtain a copy of those documents from any Bank of Queensland branch or from this website.