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Consider IPAIT for Your Cash Flow and Investment Needs

Posted By IAMU, Monday, February 12, 2018

As a friendly reminder, posted on the Iowa Public Agency Investment Trust (IPAIT) website is the daily fund rate, which is now above 1.15%. It’s been quite some time since we’ve seen the IPAIT rate this high (actually not since January 2009). Please visit the IPAIT website to review: www.ipait.org

There is no minimum balance required, and each participant may open as many IPAIT accounts as necessary to complement your local bank account structures. Interest accrues daily and is paid monthly. Funds are transferred online via ACH between your local bank and your IPAIT Fund(s). 

In addition to the daily fund, you have access to the IPAIT Fixed Term program. The Fixed Term program works with more than 300 Iowa banks to enable you to get the highest rate from IPAIT or your local banks.

If it’s been some time since you’ve invested in IPAIT, or maybe you haven’t taken advantage of investing in the fund and have questions, please feel free to contact Dan Zomermaand at dzomermaand@pmanetwork.com and 712.251.0383, or Paul Kruse at pkruse@pmanetwork.com and 515.554.1555.

Tags:  IPAIT 

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