The financial markets are closed each year on Good Friday while the banks remain open. IPAIT is closed to transactions due to the financial markets being closed. This year Good Friday falls on what would be the last business day of the quarter in addition to being the county property tax payment due date. We wanted to give you a heads up to initiate your transactions for settlements no later than Thursday, March 29th. ACH transactions must be in the system by 3 p.m. Wednesday, March 28 and wire transactions must be in the system by 10 a.m. Thursday, March 29 for settlement prior to the quarter end and the long weekend.
The daily interest rate on IPAIT’s liquid fund has continued to increase throughout the year. The rate on January 1 was 1.10% and as of this writing is 1.32%. We encourage you to regularly monitor the rate on the home page of IPAIT.org and compare that to what your funds are earning.
The daily interest rate on IPAIT’s liquid fund has continued to increase throughout the year. The rate on January 1 was 1.10% and as of this writing is 1.32%. We encourage you to regularly monitor the rate on the home page of IPAIT.org and compare that to what your funds are earning.
RSS Feed
