Rabobank announces farm management deposit interest offsets

AGRIBUSINESS banking specialist Rabobank has announced it will offer loan clients assistance towards offsetting interest on their farm management deposits (FMDs) against loan interest.

Rabobank announces farm management deposit interest offsets Rabobank announces farm management deposit interest offsets Rabobank announces farm management deposit interest offsets Rabobank announces farm management deposit interest offsets Rabobank announces farm management deposit interest offsets

Rabobank has announced a new interest offset option for its customers. Picture Mark Saunders

Rabobank Australia chief executive officer Peter Knoblanche said clients would receive further details on the bank's FMD offset solution - which will involve an adjustment for eligible customers with farm management deposits and rural loans - in coming weeks.

"The bank has reviewed its product offering - particularly in light of the current severe dry conditions facing farmers in parts of the country - and is pleased to advise it will implement a solution to assist loan clients to offset interest on their FMDs against their loan interest," he said.

"This benefit will be in addition to other options the bank's clients already have to manage their interest costs through their flexible specialist rural loans."

The bank last week announced a range of measures it h...