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Heritage Bank Farm Management Deposit

With so many variables in farming that are out of your control, a Farm Management Account can at least give you peace of mind for your finances.

With the Heritage Bank Farm Management Deposit Account, Australian primary producers are able to tuck away extra funds during prosperous seasons to help cover them when the crops are not so good. This could even help you to save money on taxes if you are able to reduce your taxable income for that year by the amount of money you deposit. This is a specialised banking product that first requires you to meet specific legislative requirements before it can be activated.

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0.75% p.a.

Maximum variable rate


Base interest rate


Minimum deposit

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Product NameHeritage Bank Farm Management
Maximum Variable Rate0.75% p.a.
Standard Variable Rate0.70% p.a.
Monthly Account Fee$0
Minimum Opening Deposit$1,000

Key features

Monthly account fees

You are not charged a monthly account keeping fee with the Farm Management from Heritage Bank.

Interest rates

You are given two options with the Farm Management Deposit. The first one acts as a term deposit, locking your savings of between $50,000 and $800,000 away for either one or two years. With this option you are earning a competitive interest rate which is paid to you quarterly, annually or at maturity. The interest rate will decrease slightly if you choose to receive the interest payments quarterly.

How to apply


You can apply for the Farm Management Deposit account online. Before beginning there are certain eligibility requirements that you will have to meet in order to be considered for this account:

  • Minimum age. You are not required to meet any age requirement, but you will need to meet the criteria for an Australian primary producer before being able to open this account.
  • Residency requirements. The Farm Management is only available to Australian citizens and permanent residents who conduct their farming business within Australia.

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