Rural Bank launches FMD interest offset option as rates trend up

Andrew Marshall
December 22 2016 - 10:43am
Rural Bank’s new offset account lets primary producers offset farm management deposit interest earnings against variable rate term loans, just as home loan borrowers can do to help ease mortgage repayment costs.
Rural Bank’s new offset account lets primary producers offset farm management deposit interest earnings against variable rate term loans, just as home loan borrowers can do to help ease mortgage repayment costs.

Rural Bank has taken the lead with a new farm management deposit (FMD) option aimed at helping farmers pay down loans faster.

Andrew Marshall

Andrew Marshall

National agribusiness writer

Andrew Marshall is the group agribusiness writer for ACM's state agricultural weeklies and websites. He is a former editor at The Land and has worked in various Rural Press group roles in Canberra, North Richmond (NSW) and Toowoomba (Qld).

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