Only participating authorities (as defined by the TASCORP Act)  may deposit funds with TASCORP.  For clients that satisfy this definition TASCORP offers a high level of security and market-based rates of return. Our current suite of deposit products are listed below. Should you require information on which investment would best suit your requirements please contact either Client Services or Financial Markets.

Overnight Deposit Account
Term Deposits
Cash Index Fund
 

Money deposited with TASCORP is secured by a State of Tasmania Government Guarantee.

For indicative interest rates on any of our funds management products please contact:
Financial Markets

Overnight Deposit Account

Used for Investing surplus cash at call Investment horizon Short term Investment term At call Interest payments Calculated daily, credited monthly Minimum transaction size $10,000 Return Official Cash Rate Fees Nil Facility documentation None required.

Term Deposits

Used for Investing surplus cash for fixed terms Investment horizon Short to medium term Interest term 1 to 18 months Interest payments Calculated daily, credited on maturity Minimum transaction size $100,000 Interest rate Quoted on a deposit by deposit basis Fees Nil Facility documentation None required

Cash Index Fund

Used for Accumulating cash reserves Investment horizon Medium term Investment term At least 1 year Interest payments Calculated daily, credited monthly Minimum transaction size $1,000,000 Contracted return 90 day UBS Bank Bill Index Facility documentation Yes, please contact  Client Services.