Interest Rates for Deceased Estates and Trust Accounts — 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 november 2022 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 0.50%. Trust management accounts at the rate of 1.00% where the balance is up to and including $56,400; 1.50% where the balance is between $56,400 and up to and including $500,000; 2.00% where the balance is over $500,000. The debit interest rate remains at 5.50%.