An investment account designed to help primary producers set aside pre-tax
income in prosperous years to provide income in leaner years. Features at a glance- Minimum opening balance of $1,000 applies.
- Your investment is fixed for the first 12 months and rolls to a 24 hour call account at maturity.
- Interest calculated daily and paid at maturity of the first 12 months, then quarterly thereafter.
- Account statements are issued at maturity of the first 12 months, and quarterly thereafter.
- Your Adelaide Bank FMD is free of bank fees (if you request an early withdrawal during the initial fixed term and the Bank agrees, an interest adjustment and penalty may apply).
|  |
How can I access my account?Who can open an FMD?- Primary producers with a non-farm income of less than
$65,000 per annum.
- Accounts must be opened in one name only (joint/company accounts are not
permitted).
- Primary producers may own more than one FMD, but they must all be with
the same institution and not exceed $400,000 in total.
- You must read the ‘Statement to be read by Depositors’ (in
accordance with Schedule 2 of The Income Tax Act) before applying. Full details
and a copy of the Statement are available on application.
Related links
- Agriculture, Fisheries and Forestry - Australia
Please read the Product Guide when deciding whether to acquire this product and consider whether the product is suitable for you. .
| |
 |
