Public Trustee has over 65 years of investment experience and more than $820 million in gross assets under administration. Our long-term view and prudent approach to money management has resulted in an investment performance which is steady and appropriate to the current economic climate.
In the twelve months to 30 June 2009, the Public Trustee Common Account, which operates like a cash management account, achieved a net return of 6.43% on the investment of the funds comprising the Common Account. Average funds under management for the year to 30 June 2009 totalled $384.3 million.
The Public Trustee also managed the individual investment portfolios of larger value trusts by supervising individual portfolios for clients with investment needs that cannot be met through the Common Account.
Common account interest rates effective from 1 January 2010:
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|
Balances up to $41,000 |
Balances $41,001 and up to $500,000 |
Balances $500,001 and over |
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Deceased Estates |
3.00% |
3.00% |
3.00%
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All Other |
3.50% |
5.00% |
5.50% |
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The rate for DEBIT INTEREST is 5.50%
Last Updated: 22-Feb-2010
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