Company Name: Direct Broking Limited is a wholly owned subsidiary of ANZ National Bank Limited and is the manager and issuer of the Direct Broking Call Account.
Minimum Investment: There is no minimum deposit.
Trustee: New Zealand Permanent Trustees Limited.
Interest Rate: Return on your investment accrued daily and distributed monthly.
Minimum: There is no minimum deposit.
Entry or Exit Fees: Nil.
PIE: This is a Portfolio Investment Entity (PIE) that means tax on your investment is capped at 30% p.a.
Easy Access with Competitive Interest Rates.
Typically this fund is used as a call account with a competitive interest rate and is especially useful for settling share transactions with no entry or exit fees charged.
Fund Objective
The objective of the Direct Broking Call Account is to provide investors with a competitive, easily operated and well managed investment account.
Investment Strategy
The Direct Broking Call Account is a designated "Group Investment Fund". This means it only invests in a portfolio of Government and local authority negotiable short term securities, deposits with trading banks, registered first mortgages and other investments which designated Group Investment Funds may invest in without losing that status under the Income Tax Act 2007. The Trustee holds the assets of the fund on trust for investors.
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