Farm Management Deposit Account
| Investment Period | Interest Paid at Maturity $1000 < $800,000 | Interest Paid Monthly $1000 < $800,000 | Interest Paid Annually $1000 < $800,000 |
|---|---|---|---|
| 3 Months | 3.50 Interest rate | 3.50 Interest rate | N/A |
| 6 Months | 4.25 Interest rate | 4.25 Interest rate | N/A |
| 12 Months | 4.25 Interest rate | 4.15 Interest rate | N/A |
| 2 Years | 4.10 Interest rate | 4.00 Interest rate | 4.10 Interest rate |
All interest rates quoted are per annum and are calculated on a tiered basis with interest paid on the entire balance at the applicable tiered interest rate. Effective Tuesday 10 June 2025 |
| Fees | |
|---|---|
| Monthly fee | $0 |
The fine print
Tax File Number
Interest earned on all savings accounts must be declared for income tax purposes. If you do not provide us with your Tax File Number or Tax File Number Exemption or Australian Business Number (ABN), we must deduct tax at the highest personal income tax rate plus the Medicare Levy from your interest earned. You are not obliged to provide your Tax File Number or Tax File Number Exemption or ABN.
Individual products may have specific requirements set by the Australian Tax Office (ATO). If you are considering a Farm Management Deposit Account (FMDA), please review the information available on the FMDA product page, as well as the relevant terms and conditions and the FMDA Product Information Brochure, to ensure it is appropriate for your needs.
Business Definition
A business is defined as a body corporate or person involved in a commercial activity including a company, partnership or sole trader with an ABN, incorporated association or co-operative.
Important Information
If you wish to have both business and personal accounts with Queensland Country, these will need to be opened and operated separately.
Please be aware that interest rates may change at any time prior to an agreement being entered into. All interest rates quoted are per annum and are calculated on a tiered basis with interest paid on the entire balance at the applicable tiered interest rate. Fees and charges are payable.
Before acquiring any agribusiness product, the information above should be read in conjunction with the following documents to determine if this product is right for you: Financial Services Guide; Business Banking Brochure; Fees and Charges brochure; Account and Access Facility Conditions of Use; Credit Guide and Business Interest Rates Schedule.