Business Banking Interest Rates - Real Estate Trust Accounts.

Real Estate Trust Account Interest Rates

Offered to licenced real estate agents for holding client funds pending settlement of property purchases and depositing of rental monies by tenants.

Account Balance Range	Annual Interest Rate (as at 07 Feb 2012)	Method of Calculating Interest	How Interest is Calculated	When Interest is Calculated
Entire Balance of Account	60% of the RBA official targeted cash rate	Single Tier Interest	We apply the daily percentage rate* to the balance of your account at the end of each day.	No interest is credited to your account. However, interest earned on your account is paid to the Office of Fair Trading monthly after the close of business at the end of the month.
Penalty Interest on Overdrawn Account		20% pa on amount overdrawn