Home / / / More things to know

More things to know

Cash Management

Set up when you become a client, your Forsyth Barr Cash Management is the most flexible way for you to manage your investment transactions.

Interest Rates

Effective from 17 June 2022

All rates are before tax and after fees.

New Zealand Dollars

Up to $19,999

1.75% p.a.

$20,000 to $49,999

1.90% p.a.

$50,000 to $249,999

2.00% p.a.

$250,000 or greater

2.10% p.a.

Australian Dollars

Up to $19,999

0.40% p.a.

$20,000 to $249,999

0.50% p.a.

$250,000 or greater

0.60% p.a.

United States Dollars

All balances

1.00% p.a.

Canadian Dollars

All balances

0.75% p.a.

British Pounds

All balances

0.50% p.a.

Euros

Negative 0.50% per annum, meaning you will be charged 0.50% per annum for Euro funds deposited.

All rates and rate tiers offered are subject to change. Your investment is an at call investment and there is no minimum holding period required.

Account structure

The funds in your Forsyth Barr Cash Management account are held by Forsyth Barr Cash Management Nominees Limited as bare trustee on your behalf. They are pooled with other funds held in Cash Management accounts and invested on call with a registered bank.

Funds are placed with the following registered banks:

NZD - ANZ Bank New Zealand Limited (ANZ)

AUD - ANZ Bank New Zealand Limited (ANZ)

GBP, USD, CAD, EUR - The Hongkong and Shanghai Banking Corporation Limited (HSBC)

CHF, SGD, JPY, HKD - ANZ Bank New Zealand Limited (ANZ)

We receive a management fee from Forsyth Barr Cash Management Nominees Limited for administering your Cash Management account. More information about our management fee is available in our Forsyth Barr Investment Adviser’s disclosure statement, which is available on request and free of charge.

Foreign exchange

When you want to transact in foreign currencies your Cash Management account has the option for you to convert New Zealand dollars into a number of international currencies. If you regularly transact in foreign currencies it might be better to hold a dedicated foreign currency account.

Dedicated foreign currency accounts are used to hold cash and transfer funds between currencies, providing a convenient way for settling your overseas transactions. Currencies include NZ dollars, Australian dollars, US dollars, British pounds, Canadian dollars and the Euro.

Get in touch

24 locations around New Zealand

Our Investment Advisers will work with you to understand your investment goals, and guide you on an approach that is right for you.

SPEAK TO AN ADVISER