Designed for the Western Australian Government Sector
Western Australian government entities, local governments and public universities are able to invest with WATC. We provide State Government guaranteed, at call and fixed term investment products. Investment Facility products available to clients include:
The OCDF allows funds to be invested overnight. The outstanding balance can be increased or decreased on a daily basis. Interest is calculated on the daily balance and either paid out or reinvested monthly. The interest rate is linked to the Reserve Bank of Australia’s target cash rate.
The TDF enables funds to be invested at a fixed rate, for any term ranging from 7 to 365 days. On maturity, the principal and/or interest can be reinvested, paid to a nominated bank account or transferred to an OCDF. Term deposits are redeemable at short notice, subject to a potential early termination adjustment.
For an application form or for more information on our investment management services, please contact the Client Services team.
- Investment Facility Information Sheet
The Investment Facility is available to assist Western Australian government entities, local governments and public universities and to efficiently manage their short to medium term cash surpluses.
WATC also provides investment management services on behalf of client agencies as part of its broader Treasury Management Services offering, and is the investment manager for the Public Bank Account.
Investment Rates
Indicative investment rates for the Overnight Cash Deposit Facility and Term Deposit Facility are compiled weekly and can be accessed from WATC's client portal or by contacting the Client Services team.
Banner images:
Top - St Georges Terrace, Perth. Image courtesy of Tourism Western Australia.
Below - Elizabeth Quay, Perth. Image courtesy of Tourism Western Australia.