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Agriculture deposits

See a list of the top farm deposits

Updated: 01.09.2026

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Quick Rates Review

Compare top financial options at a glance. Comprehensive analysis for each listed offer is available further down the page

Institution

Rate (APR/APY)

Sum & Term

BankSA

1.25% - 5.25%

$1,000 - $800,000

365 - 730 days

Bank of Queensland (BOQ)

0.25% - 5.10%

$1,000 - $800,000

1 - 1826 days

Bank of Melbourne

0.04% - 5%

$1,000 - $800,000

365 - 730 days

Suncorp Bank

1.85% - 4.95%

$1,000 - $800,000

30 - 730 days

ANZ Bank

1.25% - 4.9%

$1,000 - $800,000

90 - 1095 days

Heritage Bank

3.6% - 4.65%

$1,000 - $800,000

Flexible Term

St. George Bank

0.01% - 4.5%

$1,000 - $800,000

Flexible Term

Suncorp Bank

$1,000 - $800,000

Flexible Term

Commonwealth Bank (CBA)

0.3% - 1.1%

Flexible Amount

Flexible Term

Westpac Bank

0.25% - 1.05%

Flexible Amount

Flexible Term

Hume Bank

4.8%

$1,000 - $800,000

Flexible Term

Quick Expert Insights

Interest Rates

Average:1.42%

Range:0.01% - 5.25%

Product Term

Minimum: 1 days

Maximum: 5 years

Limit / Amount

Min Entry:$1,000

Max Limit:$800,000

Analysis of 11 offers shows an average rate of 1.42%, with the absolute market maximum reaching 5.25%. Flexible terms from 1 days are available at Bank of Queensland (BOQ), while Bank of Queensland (BOQ) offers terms up to 5 years . The lowest entry is $1,000 (via BankSA).

Full Products Review

In-depth analysis of available financial offers. Compare detailed terms and explore expert insights to choose the most suitable option for your needs.

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ANZ Bank

ANZ Farm Management Deposit Account

Rate: 1.25% - 4.9%

Sum: $1,000 - $800,000

Term: 90 days - 3 years

💰 Fees & Rates

Competitive rates available for both at-call and fixed term options
Specific fee details available upon application or via the Department of Agriculture website

📋 Important Terms

Eligibility: Must be an individual primary producer
Income Limit: Taxable non-primary production income must not exceed $100,000
Tax Concessions: Must hold the deposit for at least 12 months to qualify
Investment Limits: Minimum deposit of $1,000 and a maximum total of $800,000
Account Types: Choice between variable at-call or fixed term deposit accounts

💡 Adviser’s Tip

Olesya Krasavtseva Analytic & Editor at Prostobank Consulting

The ANZ Farm Management Deposit (FMD) is a specialized tax-effective risk management tool similar to the AgriInvest or AgriStability programs offered by Canada's Big Five, such as RBC or BMO, which help farmers manage income volatility. The primary advantage is the high interest yield (up to 4.90% p.a. for 12 months) combined with government-backed tax concessions, making it an excellent buffer against natural disasters or market shifts. The main disadvantage is the strict $800,000 cap and the 12-month holding requirement for tax benefits, which limits immediate liquidity for those needing instant tax relief. This product is best suited for Australian primary producers looking to shift pre-tax income from high-yield years to leaner periods while earning a competitive return.

📍 View official contacts for ANZ Bank

Bank of Melbourne

Farm Management Deposit

Rate: 0.04% - 5%

Sum: $1,000 - $800,000

Term: 1 years - 2 years

💰 Fees & Rates

Account-keeping fee: $0
Real Time Gross Settlement (RTGS) fee: Applies for transfers to other financial institutions

📋 Important Terms

Eligibility: 18+ years old individual primary producers (sole traders, partners, or trust beneficiaries) operating in Australia
Deposit Limits: Minimum $1,000; maximum $800,000 total across all FMDs
Holding Period: Deposits must usually be held for at least 12 months (365 days) to comply with ATO requirements
Tax Benefit: Deposits may be deducted from assessable income in the year of deposit; withdrawals are included in assessable income
Interest Payment: Paid monthly

💡 Adviser’s Tip

Olesya Krasavtseva Analytic & Editor at Prostobank Consulting

The primary advantage of the Farm Management Deposit is its effectiveness as a tax-planning tool, allowing primary producers to shift pre-tax income from high-profit years to leaner periods while earning a competitive 5.00% fixed rate. The main disadvantage is the restricted liquidity, as deposits must typically be held for 12 months to retain tax benefits, and fixed-rate options offer no access to funds during the term. Compared to the Big Five Canadian banks like RBC or Scotiabank, which offer specialized agricultural GICs and tax-deferred accounts, this FMD is more strictly regulated by government requirements but offers higher targeted yields for the sector. It is best suited for established Australian farmers with fluctuating annual incomes who need a reliable cash reserve and tax mitigation strategy.

📍 View official contacts for Bank of Melbourne

Bank of Queensland (BOQ)

Farm Managment Deposit Accounts

Rate: 0.25% - 5.10%

Sum: $1,000 - $800,000

Term: 1 days - 5 years

💰 Fees & Rates

Account maintenance fee: Free
Early withdrawal fee: No upfront flat fee, but an early withdrawal interest adjustment applies for pre-maturity redemption.

📋 Important Terms

Available exclusively to individual Australian primary producers and farmers.
The at-call variable option is no longer available for new sales since 1st April 2025; only the Fixed Term account structure remains open.
Minimum initial investment and ongoing account balance required is $1,000, and the maximum allowed holding limit is $800,000.
Fixed lodgement periods range from 1 day (less than 1 month) up to 1826 days (5 years).
Account must be held by a single individual; joint accounts or holdings on behalf of multiple individuals are prohibited.
Transactional features like ATM/EFTPOS, checkbook facilities, direct debits, and standard transfer orders are not permitted.
Pre-maturity access to funds requires a mandatory 31 days prior notice period and triggers an interest rate adjustment.
A 7-day renewal grace period applies at maturity, allowing deposits and withdrawals subject to a $1,000 minimum limit.

💡 Adviser’s Tip

Olesya Krasavtseva Analytic & Editor at Prostobank Consulting

The main advantage of this Farm Management Deposit account is its highly specialized tax efficiency, enabling primary producers to effectively shift pre-tax revenue from high-yield financial years to leaner ones, backed by an impressive 12-month fixed yield of 5.10% p.a. The primary disadvantage is the complete elimination of the flexible at-call transactional structure, meaning cash is firmly locked into fixed terms with a restrictive 31-day notice rule and interest penalties for early termination. Because Canadian Big Five institutions (such as RBC, TD, or BMO) operate under distinct domestic agricultural tax regimes and lack an equivalent legislated SMSF or FMD framework, this account serves as a highly distinct local policy tool, outperforming standard business certificates in target sector utility. This product is best suited for high-income independent farmers and agribusiness operators looking to mitigate volatile seasonal fluctuations and manage their tax liabilities while earning stable yields on operational surpluses under $800,000.

📍 View official contacts for Bank of Queensland (BOQ)

BankSA

Farm Management Deposit

Rate: 1.25% - 5.25%

Sum: $1,000 - $800,000

Term: 1 years - 2 years

💰 Fees & Rates

$0 account-keeping fee
Real Time Gross Settlement (RTGS) fee applies when funds are transferred to another financial institution

📋 Important Terms

Designed exclusively for individual primary producers operating as sole traders, partners in a partnership, or beneficiaries of a trust
Deposits may be deducted from assessable income in the year of deposit, while withdrawals are included in assessable income, subject to ATO requirements
Deposits must usually be held for a minimum of 12 months (365 days) to comply with government tax regulations
Offers a variable interest rate option (1.25% p.a.) or fixed interest rate options for 12 months (5.25% p.a.) and 24 months (5.20% p.a.)
Interest is calculated on the full balance and paid monthly
Applicants must be 18 years or older, operating in Australia with an Australian address, and eligible under the ATO Farm Management Deposits Scheme

💡 Adviser’s Tip

Olesya Krasavtseva Analytic & Editor at Prostobank Consulting

The main advantage of this account is its highly powerful tax-deferral mechanism, allowing primary producers to deposit pre-tax income during profitable years to smooth out cash flow volatility. The fixed rate option offers a highly competitive yield of up to 5.25% p.a., which is excellent for guaranteed growth. The main disadvantage is the strict regulatory constraint, requiring funds to be locked away for at least 12 months to retain tax benefits, alongside a strict individual cap of $800,000. Compared to agricultural or commercial savings instruments from Canada Big Five banks like RBC or TD—which generally lack government-backed, pre-tax income-shifting features due to structural differences between Australian and Canadian tax codes—BankSA provides an invaluable specialized compliance tool rather than a standard savings account. This product is best suited for Australian farmers, livestock managers, and agricultural sole traders seeking a dual benefit of high fixed yields and strategic tax mitigation to prepare for lower-income drought or low-yield cycles.

📍 View official contacts for BankSA

Commonwealth Bank (CBA)

Business Online Saver

Rate: 0.3% - 1.1%

💰 Fees & Rates

Monthly account fees: $0Online statements: $0Paper statement fee: $5,00

📋 Important Terms

Must have a CommBank Business Transaction Account or Society Cheque AccountNo minimum deposit or withdrawals requiredUnlimited transfers allowedInterest is calculated daily and paid monthly based on balance tiers

💡 Adviser’s Tip

Olesya Krasavtseva Analytic & Editor at Prostobank Consulting

The Business Online Saver is a highly liquid, at-call account designed for seamless integration with a CommBank operating account. Its primary advantage is total flexibility—no monthly fees, no minimum balance, and instant access to funds via unlimited transfers. The major disadvantage is the exceptionally low interest rate, capping at just 1,10% p.a. even for balances over $1,000,000, which barely outpaces inflation. When compared to the NAB Business Everyday account, CommBank's digital platform (CommBiz) offers superior daily management tools. This product is strictly best for businesses needing a temporary parking spot for operational cash before moving it to higher-yielding investments or paying immediate liabilities.

📍 View official contacts for Commonwealth Bank (CBA)

Heritage Bank

Farm Management Deposit

Rate: 3.6% - 4.65%

Sum: $1,000 - $800,000

Hume Bank

Farm Management Deposit account

Rate: 4.8%

Sum: $1,000 - $800,000

NAB

NAB Farm Management Deposit

Sum: $1,000 - $800,000

Term: 7 days - 2 years

💰 Fees & Rates

Establishment fee: 0 AUD Service fees: 0 AUD

📋 Important Terms

Taxable non-primary production income must be 100000 AUD or less Must be an individual, partner, or beneficiary carrying on a primary production business in Australia Deposits must be held for 12 months or more to enjoy associated tax benefits Allows primary producers to set aside pre-tax income during good years to manage risk in challenging years

💡 Adviser’s Tip

Olesya Krasavtseva Analytic & Editor at Prostobank Consulting

The NAB Farm Management Deposit is a highly effective risk management and tax-planning tool designed specifically for the agricultural sector. Its primary advantage is allowing primary producers to deposit pre-tax income during profitable years, effectively shifting their tax liability to leaner years when the funds are eventually withdrawn. The main disadvantage is the strict government-mandated eligibility criteria, notably that the applicant's non-primary production income cannot exceed 100000 AUD. When compared to similar FMD products from Commonwealth Bank, ANZ, or Westpac, NAB provides a robust offering bolstered by its position as Australia's largest agribusiness lender, ensuring deep sector expertise and integrated farm finance support. This product is strictly suited for individual primary producers, such as farmers and graziers, who experience highly volatile income streams due to seasonal weather or market fluctuations and need a secure, tax-advantaged financial buffer.

📍 View official contacts for NAB

NAB

NAB Farm Management Deposit

Sum: $1,000 - $800,000

Term: 7 days - 2 years

💰 Fees & Rates

Establishment fee: 0 AUD Service fees: 0 AUD

📋 Important Terms

💡 Adviser’s Tip

Olesya Krasavtseva Analytic & Editor at Prostobank Consulting

📍 View official contacts for NAB

Rabobank

Rabobank Farm Deposit Accounts

Sum: $1,000 - $800,000

St. George Bank

Farm Management Deposit

Rate: 0.01% - 4.5%

Sum: $1,000 - $800,000

Suncorp Bank

Farm Management Deposit Account (Fixed Term)

Rate: 1.85% - 4.95%

Sum: $1,000 - $800,000

Term: 30 days - 2 years

💰 Fees & Rates

Account Keeping Fees: $0
Transaction Fees: $0
Interest Rate Reduction: Choosing monthly (-0.30% p.a.), quarterly (-0.25% p.a.), or half-yearly (-0.15% p.a.) interest payments reduces the base rate

📋 Important Terms

Holding Period: Minimum 12-month hold required to retain statutory tax benefits
Term Options: Ranges from 1 month to 24 months
Deposit Limits: Minimum $1,000 up to a maximum of $800,000
Guaranteed Return: Fixed interest rate for the duration of the chosen term

💡 Adviser’s Tip

Olesya Krasavtseva Analytic & Editor at Prostobank Consulting

The FMD Fixed Term account offers highly competitive rates (up to 4.95% p.a.) that rival the "Big Five" commercial term deposits. The main advantage is the ability to lock in high yields during profitable years to offset future tax liabilities. The disadvantage is the 12-month minimum hold rule for tax benefits, which limits emergency access. This is ideal for producers with clear visibility of their cash flow who want to maximize passive income on surplus reserves.

📍 View official contacts for Suncorp Bank

Suncorp Bank

Farm Management Deposit Account (At Call)

Rate: 2%

Sum: $1,000 - $800,000

💰 Fees & Rates

Account Keeping Fees: $0
Transaction Fees: $0 (Suncorp Bank transactions)

📋 Important Terms

Tax Benefit: Deposits are tax-deductible in the financial year made, provided funds are held for at least 12 months
Flexibility: No locked-in periods; option to switch to a Term Deposit at any time
Interest: Calculated daily and paid annually on anniversary

💡 Adviser’s Tip

Olesya Krasavtseva Analytic & Editor at Prostobank Consulting

This account is an excellent volatility management tool for primary producers, similar to specialized agricultural products from BMO or RBC. Its main advantage is the immediate liquidity combined with significant Australian tax tax-deductibility benefits. The primary disadvantage is the lower variable rate compared to fixed terms. It is best suited for farmers needing a cash buffer for operational emergencies while maintaining tax efficiency.

📍 View official contacts for Suncorp Bank

Westpac Bank

Business Cash Reserve

Rate: 0.25% - 1.05%

💰 Fees & Rates

Account-keeping fee: 0 AUD Transfers to and from linked Westpac account: 0 AUD Account enquiries in Online Banking and the Westpac App: 0 AUD Cheque collected or deposited: 3,00 AUD Staff-assisted deposit: 3,00 AUD

📋 Important Terms

Age requirement: 18+ years old Location: Must be operating in Australia with an Australian address Account requirement: Must be linked to an eligible Westpac business transaction account Eligibility: Sole traders, partnerships, companies, associations, SMSFs, trusts, or not-for-profits Interest structure: Calculated daily, paid monthly, tiered based on account balance

💡 Adviser’s Tip

Olesya Krasavtseva Analytic & Editor at Prostobank Consulting

This savings account acts as a fluid companion to your primary business transaction account. The main advantage is the total absence of account-keeping fees and the flexibility to create multiple "buckets" for specific liabilities like GST or payroll, ensuring funds are accessible 24/7. The main disadvantage is the exceptionally low tiered variable interest rate, capping at just 1,05% p.a. for balances over 1000000 AUD, which drastically underperforms inflation. When evaluated against the business savings accounts of the Big Four, it serves more as an administrative tool than an investment vehicle. It is best suited for SMEs that need a free, compartmentalized holding account for upcoming tax obligations or short-term operational buffers, rather than actual wealth generation.

📍 View official contacts for Westpac Bank

Author: Prostobank Consulting

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