Scheduled payments for 25 and 27 December 2025 will be processed in advance on Wednesday 24 December 2025.
Scheduled payments for Thursday 1 January 2026, will be processed in advance on Wednesday 31 December 2025.
Up to
3.85
%
p.a.
Interest rate
Save smarter through seasonal highs and lows
Farming is full of seasonal and market-driven fluctuations, but your finances don’t have to be. Our Farm Management Deposit (FMD) account is a practical way for primary producers to take control of their income by setting aside surplus earnings in more profitable years.
This account offers a tax-effective way to manage your money, allowing you to defer income tax and smooth out your cash flow across financial years. With fixed interest rates, you can enjoy the certainty of steady returns, while flexible terms give you the freedom to align your savings with your business cycle.
Tailored specifically for Australian primary producers, our FMD account is a smart financial tool to help you prepare for the unexpected, invest in your future and stay resilient through every season.
Product Features:
Business Banking |
|
|---|---|
| Interest payment frequency : | 3, 6 and 12 months at maturity. 24 months annually. |
| Minimum deposit : | $1,000 |
| Maximum deposit : | $800,000 |
| Staff assisted transactions : | Branch and Contact Centre |
| Term | Interest Rates |
| 3 months | 3.10% p.a. |
| 6 months | 3.85% p.a. |
| 12 months | 3.85% p.a. |
| 24 months | 3.60% p.a. |
| Document or Information | View or Download |
| Rates | Rates |
| Fees | Fees |
| Target market determinations | Target Market Determinations |
| Business accounts | Business Accounts |
| Business loans | Business Loans |
| Interest Rates | Interest rate |
| Mutual App | Mutual App |
Financial Claims Scheme
Australian Government Guarantee
Eligible deposits held with The Mutual Bank are protected under the Financial Claims Scheme up to $250,000 per account holder.
Frequently Asked Questions
Our business accounts are available to a wide range of entities, including sole traders, partnerships, companies, trusts, associations, and not-for-profits. Some accounts, such as trust accounts, are designed for specific industries like legal, real estate, or conveyancing services.
Most of our business accounts do not require a minimum opening balance. However, interest-earning accounts like the Business Maximiser or Internet Saver Business may have balance thresholds to qualify for interest.
Yes. All business accounts can be accessed through The Mutual App and Internet Banking, allowing you to view balances, transfer funds, pay bills, and download statements 24/7.
Yes. You can request a Mutual Visa Debit Card for eligible business accounts, such as the Business Maximiser or Business Cheque Account. This allows you to make purchases in-store, online or over the phone.
Yes. Our Business Maximiser, Internet Saver Business, and Farm Management Deposit accounts offer competitive interest on eligible balances. Interest is calculated daily and paid monthly or at maturity, depending on the account.
You're gonna love us
The Mutual Bank has been supporting regional communities with trusted banking for over 135 years
We’re proudly customer owned, which means we exist to benefit you. Not external shareholders. Whether you're opening your first account or planning for the future, we’re here with genuine service, great-value products and the kind of care only a mutual can offer.
Looking for something else?
View and compare our Business Savings Accounts
