Be rewarded through tax benefits

Just by setting up a deposit of 12 months or more, you can enjoy tax benefits.

Benefits and features

We can help you plan ahead with investments in your future.

Flexible deposits

Choose your deposit amount and term: $1,000 to $800,000, 7 days to two years.

Risk management

Put aside your pre-tax income in the good years, to plan ahead for the challenging years.

Competitive interest rates

Fixed interest rate for a range of deposit amounts and terms. Choose your interest period: monthly, quarterly, half-yearly, or annually for terms 12 months and over.

Rates and fees

Establishment fee

$ 0

 

Service fees

$ 0

 

Term deposit rates depend on your deposit amount and term. See our current rates

Business lending concession

NAB offers an interest rate concession on eligible business loans to customers who hold a Farm Management Deposit (FMD).

To be eligible for an interest rate concession, your Business Loan must be in the name of the FMD owner or their partnership (excludes companies, trusts or a person that is not the FMD owner).

To find out whether you're eligible, please contact your NAB Agri relationship manager.

How to apply

If you're already one of our business banking customers you can complete the NAB Farm Management Deposit Application Form (PDF, 892KB), opens in new window and give this to your relationship banker.

If you're not a business banking customer request a call back and we'll be in touch soon.

Eligibility

To be eligible for the farm management deposit scheme your taxable non-primary production income must be $100,000 or less.

Also, you must be one of the following:

  • An individual who carries on a primary production business in Australia (other than as a trustee of a trust estate).
  • A partner in a partnership that carries on a primary production business in Australia (not being a company).
  • A beneficiary (not being a company) who is presently entitled to a share in the trust estate, where the trustee carries on a primary production business in Australia.

Terms and Conditions

NAB recommends you consider the Terms and Conditions or other disclosure document, available from NAB, before making any decisions regarding these product. These products are issued by National Australia Bank Limited ABN 12 004 044 937.

Target Market Determinations for these products are available at nab.com.au/TMD.