Common Fund Interest Rates — Public Trustee

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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 march 2017 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 0.25%. Trust management accounts at the rate of 0.75% where the balance is up to and including $48,600; 1.50% where the balance is between $48,600 and up to and including $500,000; 2.00% where the balance is between $500,000 and up to and including $14,000,000; 1.50% where the balance is over $14,000,000. The debit interest rate remains at 5.50%.