Farm Management Deposit

Farming is a risky business. Not enough rain, pest problems, broken down tractors and fluctuating market prices... it seems like there isn’t much you can control. We're here to help you minimise some of your risk, with our Farm Management Deposit account.

Heritage’s Farm Management Deposit account allows primary producers to set aside pre-tax income in good years to use when the season isn’t so great, or if your farm isn’t making as much money as usual.

In some circumstances, by depositing funds into a Farm Management Deposit account, you may be able to reduce your taxable income for the year by the amount of the deposit (up to a maximum amount of $800,000).


  • High interest rate
  • No account keeping fees
  • Possible tax-saving benefits
  • Deposit between $1,000 - $800,000

Two investment options are available:

  1. At call savings with a variable interest rate
  2. Fixed term investment for 12 or 24 months*

To open a Farm Management Deposit account you must meet special legislative requirements.


Account keeping fee $0
Transaction fees $0
Minimum opening balance $1,000
Minimum operating balance $1,000
Maximum operating balance $800,000

You should also seek your own taxation advice as to whether this product is suitable for you. This advice has been prepared without taking into account your objectives, financial situation or needs. Because of this you should, before acting on this information, consider its appropriateness having regard to your objectives, financial situation or needs. *Interest rate is on fixed balances of $1,000 - $800,000 over 12 months.  Interest paid at maturity

* Based on a $150,000 loan over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Please read the Guide to Heritage Deposit Products (available in branch, by phoning 13 14 22 or here) and consider whether this product is right for you.