Interest Rates for Estates and Trusts — Public Trustee

Details

Notice Text

Notice is hereby given that the rates of interest payable to the respective estates and trusts, the moneys of which are held in the common account, as from 1 april 2023 have been fixed as follows— deceased estates and uncared for property matters (in the course of administration or whilst under investigation) at the rate of 1.00%. trust management accounts at the rate of 2.75% where the balance is up to and including $56,400; 3.25% where the balance is between $56,400 and up to and including $500,000; 3.75% where the balance is over $500,000. the debit interest rate remains at 5.50%.