Why choose our Solicitor's Investment Trust Accounts?

Controlled Money and Solicitor Investment Trust Accounts are only available for existing Queensland or New South Wales customers who already hold a general Solicitor Trust Account with BOQ.

At-call and fixed-term accounts are available for the Controlled Money Account and Solicitor’s Investment Trust Accounts.

 

Person deciding between a fixed or variable account

Fixed or Variable Accounts

Variable at-call and fixed rate accounts available for Controlled Money Accounts and Solicitors Investment Accounts

Interest earning accounts

We offer interest-earning Controlled Money Accounts and Solicitor’s Investment Trust Accounts with the choice of fixed rate or variable at-call rates.

Controlled Money Account

Controlled Money Accounts are only available for existing Queensland or New South Wales customers who already hold a general Solicitor Trust Account with BOQ. Our Controlled Money Account is an account kept by a law practice for the purpose of holding controlled money upon written direction from the client. The client or beneficiary, will earn interest on money held by the law practice on behalf of them.

Features and Benefits
  • Accounts established under the exclusive control of the law practice
  • All statements and account correspondence sent directly to the law practice
  • Fixed-term account is available with our Term Deposit Account 
  • At-call account is available with our Business WebSavings Account
  • A copy of the client's written direction must be provided to BOQ. The law practice must keep a copy of the written direction in relation to the initial deposit and any subsequent withdrawal from the account

 

Solicitor’s Investment Trust Account

Investment Trust Accounts are only available for existing Queensland or New South Wales customers who already hold a general Solicitor Trust Account with BOQ. Our Investment Trust Account is designed for solicitors who have written direction from a client to hold money in an interest-bearing account.

It is designed to provide your client with the ability to invest and earn interest on funds while held on trust.

Features and Benefits
  • Accounts established under the exclusive control of the law practice
  • All statements and account correspondence sent directly to the law practice
  • Fixed-term Solicitor’s Investment Term Deposit Account 
  • At-call Solicitor’s Investment Trust Account is available with our Business WebSavings Account
  • Cash, ATM/EFTPOS and telephone banking withdrawals or transfers are not permitted
  • All deposits and withdrawals must be conducted through your general Trust Account
Variable At-Call Account

Variable At-Call accounts are available with our Business WebSavings Account.

Earning high interest with no monthly account keeping fees and unlimited transfers.

Fixed Term Account

Fixed term accounts are available with our Term Deposit.

Be rewarded with higher interest if you deposit more than $5,000. The longer you lock in your funds, the greater return you'll receive.

 

Important information

For important information on the Solicitor's Trust Accounts, view the Terms and Conditions. 

 

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