At the time of opening your Farm Management Deposit (FMD), you set instructions for what you want us to do with your deposit and when it matures. When your FMD is due to mature, you can explore your options to:
- renew your FMD for a new term with an increased deposit amount; or
- transfer funds to another nominated account (repayment); or
- a combination of the above two options.
You can also choose to leave your money in the same FMD, it’s what we call a rollover. As interest earned cannot be paid back into your FMD, this option will not include any interest paid to you.
Your instructions can be provided any time up to your maturity date. Further information is available in our Term Deposit Account Terms and Conditions.