With Rural Bank’s Fixed and Variable Rate Farm Management Deposits (FMD’s) your money is available when you most need it. FMD’s allow you to set aside pre-tax income from your profitable years and earn interest on it.
“There are good years and not-so-good years – that’s part of farming. We want an easy way to put aside money in the good years that will help us when things are a bit tougher.”
为了有资格获得税收收益，你需要保持资金在您的农场管理存款（FMD）至少12个月。 If you’re switching to Rural Bank from another financial provider, your funds must be transferred electronically. Ask your tax adviser if you qualify.
对于固定利率存款，你可以选择从3，6，12，和24个月条款。 For variable rate deposits and FMD Offset Accounts your funds are available at call however your funds must be held for at least 12 months to be eligible for tax benefits.
固定利率存款最少需要$ 5,000或$ 1,000最低余额适用于可变利率存款和口蹄疫的抵销科目。 The total value of all FMDs held per farmer cannot exceed $800,000. You can have more than one FMD, up to a combined value of $800,000 per farmer.
对于12和24个月而言，有兴趣的可以每月，每季或每年支付。 Interest on variable rate deposits is paid annually on 1st July. Interest for all deposits is calculated daily on the closing balance. Interest must be credited to another account held in the account holder’s name.
利息是不是口蹄疫偏移应付账款。 Instead the FMD Offset allows clients to reduce the interest payable on their linked eligible Rural Bank Term Loan.
有固定利率或浮动利率FMDS没有账户或交易费用。 An FMD linkage fee applies to FMD Offset Accounts.
Just as seasons and prices fluctuate, so does farm income. To better manage risk and strengthen your financial future, Rural Bank’s FMD Offset Account gives you more options to manage your farm finances.
This FMD Offset Account allows primary producers to offset capital held in an FMD account against the balance of an eligible Rural Bank variable rate Term Loan to assist in reducing primary production business funding costs.
“This new account lets me use my FMD funds to reduce my farm’s interest costs. For me this is a better use of my money.”
Specific FMD Offset legislative criteria apply to this account, so ask your tax adviser if you qualify.
The FMD Offset Account can only be linked to an eligible loan of the FMD owner or their partnership (excludes companies, trusts or a person who is not for the purpose of the primary production business).
How does the FMD offset account work?
This FMD Offset Account provides an extra option for you to benefit from the pre-tax income you have set aside from profitable years in your Rural Bank FMD.
利息是不是口蹄疫偏移应付账款。 Instead, the FMD Offset facility allows clients to reduce the interest payable on their linked eligible Rural Bank Term Loan.
The FMD Offset facility allows you to reduce the interest payable on your linked eligible Rural Bank Term Loan. No interest is earned on the FMD Offset Account balance, however every dollar in your FMD Offset Account is used to reduce the principal that the loan interest is calculated on.