A bank bill is a short-term debt instrument issued by a bank. It is a promise by the bank to pay a specified amount of money to the holder of the bill on a specified date. Bank bills are typically issued for terms of 30, 90, or 180 days.
The ANZ 90 day bank bill rate is the interest rate that ANZ charges for 90 day bank bills. The rate is set daily and is based on a number of factors, including the supply and demand for bank bills, and the overall interest rate environment.
What is the ANZ 90 day bank bill rate?
The ANZ 90 day bank bill rate is currently 5.25% p.a. This means that if you invest in a 90 day ANZ bank bill, you will receive interest at a rate of 5.25% per year.
How is the ANZ 90 day bank bill rate calculated?
The ANZ 90 day bank bill rate is calculated using a formula that takes into account the face value of the bill, the term of the bill, and the yield rate. The yield rate is the rate of interest that investors are willing to earn on bank bills.
How can I invest in ANZ 90 day bank bills?
You can invest in ANZ 90 day bank bills through a number of different channels, including:
- ANZ branches: You can visit an ANZ branch to open a bank bill account and invest in ANZ bank bills.
- ANZ online banking: You can also invest in ANZ bank bills online through ANZ online banking.
- Stockbrokers: You can also invest in ANZ bank bills through a stockbroker.
ANZ 90 day bank bills are a low risk and liquid investment option that offers an attractive yield. They are a good option for investors who are looking for a short-term investment with a low risk profile.