Common Fund Interest Rates — Effective 1 April 2020

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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 april 2020 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 0.25% where the balance is up to and including $51,800; 0.25% where the balance is between $51,800 and up to and including $500,000; 0.75% where the balance is over $500,000. the debit interest rate remains at 5.50%.