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ANZ Agribusiness offers a number of investment services for primary producers across the country. Its Farm Management Deposit accounts act as risk management tools for farmers who often deal with uneven cash flows on a year-to-year basis. It also helps farmers become eligible for tax concessions, by allowing them to deposit pre-tax earnings for future spending. With fixed interest rates pegged to the account balance, farmers enjoy competitive risk-free returns on their long term savings, along with the same full range of internet and phone services afforded to their non-rural counterparts.
For a look at the best Farm Management Deposits, compare term deposits with all the institutions near you.
Product Details
- Company
-
- Nominal Rate
- 5.4%
- Effective Rate
- 5.4%
- Payment Frequency
- Annually
- Maturity Alert
-
N/A
- Partial Withdrawal Penalty
- No
- Compounding Interest
- No
Product Features
Automatic rollover n
Whether your term deposit account will automatically roll over to a new account with the same term once it reaches maturity if you do not instruct otherwise
Partial withdrawal n
Partial withdrawal permitted: If this account allows customers to partially redraw on their account without being penalized.
Int paid via other institution n
Whether the interest dividend can be paid into an account held with another financial instituion
