Farm Management Deposit - Fixed
Our Farm Management Deposit accounts provide 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, helping you to manage exposure to adverse economic https://content.powerapps.com/resource/uci-infra/resources/images/Add.e3b9b5bbf4470fff2278314b571d3441.svgevents and seasonal fluctuations.
Category: Term Deposits Last Updated December 19, 2023 Effective May 3, 2024
Product Features
- Other Additional Information: Make deposits and withdrawals to your account during the 7 day renewal grace period, day 1 is the maturity date (minimum deposit/withdrawal amount of $1,000 applies)
- Other Additional Information: You must provide 31 days' notice for early withdrawal or termination before your fixed term Deposit Account matures
- Other Additional Information: A fixed term Farm Management Deposit that pays competitive interest
- Other Additional Information: Wide choice of terms, starting from 28 days to five years
- Other Additional Information: Easy reinvestment, with automatic rollover at maturity for your choice of term (unless you've given us other instructions). You can choose the new lodgement term in advance. If you prefer, we'll notify you before your investment matures so you can make your choice based on current interest rates.
- Other Additional Information: Choose when you receive your interest payments - either monthly or end of term
- Other Additional Information: Access your funds prior to maturity, by simply providing 31 days prior notice to redeem your account early (an interest adjustment applies)
- Other Additional Information: Interest is paid directly into another nominated account held by you with BOQ or another Australian Financial Institution
Product Eligibility
- Business Additional Information: The FMD Scheme is restricted to primary producers with a non-primary production income of $100,000 or less.
Bank Fees and Charges
- Boq Branch Balance Enquiry Fee (Event), Amount: 0.0000. Additional Information: Free
- Direct Credit Fee (Event), Amount: 0.0000. Additional Information: Free
- Cheques Deposited Fee (Event), Amount: 0.0000. Additional Information: Free
- Branch Deposit Fee (Event), Amount: 0.0000. Additional Information: Free
- Internet Banking Balance Enquiry /transaction History Enquiry (Event), Amount: 0.0000. Additional Information: Free
- Branch Withdrawal Fee (Event), Amount: 0.0000. Additional Information: Free
Limitations & Restrictions (Constraints)
- Min Balance of 1000.0000000000 Additional Information: Minimum investment amount and account balance is $1,000
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