Interest Rates

Treasury calculates and provides the interest rates that apply to credit and deficit balances outstanding on worktags designated “Interest Allocating”.

These rates are updated monthly. Average Rates for Interest Allocating Accounts as of May 2022.

  Costs of Borrowing Amounts on Deposit Capital Projects
05/04/2022 3.70% 0.75% 2.50%
05/11/2022 3.70% 0.75% 2.50%
05/18/2022 3.70% 0.75% 2.50%
5/25/2022 3.70% 0.75% 2.50%
Average 3.70% p.a. 0.75% p.a. 2.50% p.a.

 Reference to Prime Rate