Statutory Trust Account

CommBankBanking Product

Min Rate

N/A

Max Rate

N/A

Comparison Rate

N/A

Annual Fee

$60.00

Features & Conditions

  • Repayment TypeStandard
  • Interest Free DaysN/A
  • PurposeGeneral

Loan Terms

  • Minimum TermNo Minimum
  • Maximum TermN/A

Product Overview

Transaction account used to deposit funds held in trust on behalf of certain business customer's client. They are required by certain industries to be held by law and are also referred to as General Trust Accounts in some States and Territories.