Outstanding products and features on offer from each of the institutions rated by CANSTAR in the 2016 Award for Bank of the Year – Agribusiness.
Each year CANSTAR researches and rates the agribusiness products and services on offer by Australian institutions, and in 2016 we have rated 7 providers:
Each of these institutions has something different to offer agribusinesses, so we’ve compiled a list of one outstanding product or feature of each institution rated.
Compare Agribusiness Solutions with CANSTAR
ANZ’s Agri Finance product is a flexible loan for agribusiness, with seasonal payments available.
Bankwest’s Business Zero Transaction Account is a business transaction account with no ongoing fees and no fees for everyday transactions.
Bendigo and Adelaide Bank is present in regional Victoria and South Australia, and they offer a very complete solution to agribusinesses – including farm insurances.
CommBank’s Agribusiness Line of Credit product is a long-term debt facility.
With NAB’s Business Package, agribusiness owners can choose a package that delivers the products they need, with the flexibility to change or rearrange these products as the business evolves.
Interest rates on Suncorp’s At-Call Farm Management Deposits (FMD) can be as low as 0.01% p.a., especially on small balances. Suncorp is offering 1.5% on balances from $1,000 to $400,000. Their Fixed-Term Farm Management Deposit (FMTD) rates are very competitive, too.
Product | Minimum Balance | Annual Interest Rate |
---|---|---|
At-Call FMD | $1,000 – $400,000 | 1.50% p.a. |
1 month FMTD | $1,000 – $49,999 | 2.35% p.a. |
6 month FMTD | $1,000 – $49,999 | 2.95% p.a. |
12 month FMTD | $1,000 – $49,999 | 3.00% p.a. |
24 month FMTD | $1,000 – $49,999 | 3.10% p.a. |
Source: Suncorp Bank |
The Westpac Altitude Business Platinum credit card offers some handy features:
Does your current banking institution measure up? To find the right mix of features and price for your farm, compare agribusiness banking solutions with our report for the Bank of the Year – Agribusiness Award.
Compare Agribusiness Solutions with CANSTAR
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This advice is general and has not taken into account your objectives, financial situation or needs. Consider whether this advice is right for you. Consider the product disclosure statement and target market determination before making a purchase decision. Canstar provides an information service. It is not a credit provider, and in giving you information about credit products Canstar is not making any suggestion or recommendation to you about a particular credit product. Research provided by Canstar Research AFSL and Australian Credit Licence No. 437917.