IPAIT at a Glance
The Iowa Public Agency Investment Trust, or IPAIT, was created pursuant to Iowa Code Chapter 28E in 1987 to enable eligible Iowa public agencies to conveniently and effectively invest their available operating and reserve funds. IPAIT is governed by a nine person Board of Trustees made up of eligible Participants of the Trust. Today, IPAIT serves over 400 Iowa public entities.
Rates and Performance
Rates and Performance as of 05/13/2025
| CLASS/SERIES | Diversified % |
|---|---|
| Daily Rate | 4.060 |
| 7-Day Average Rate | 4.060 |
*Daily Rate: Refers to income generated over the previous one day period; the income is then annualized.
*7-Day Average Rate: Refers to income generated over the previous seven day period; the income is then annualized.
Investment Programs
Diversified Fund
IPAIT’s Diversified Fund provides complete daily liquidity and pays a variable rate of interest. Investments are limited to the highest quality available and are specifically tailored to Iowa’s public funds statutory authorizations.
Fixed Term Automated (FTA) Program
IPAIT’s FTA program provides a rate of interest for any investment period, one month and longer, for amounts of $250,000 and greater. IPAIT works with approximately 350 Iowa banks to assist in getting the best rate possible for Iowa public entities.
Current Information
IPAIT Brochure
Click the button below to view the brochure and learn more about IPAIT.
VIEW IPAIT BROCHURE
IPAIT Newsletter
Market Update | Important GPS Update!
Beginning Wednesday, May 21st, a small account update sets the stage for exciting enhancements for the future! We’re excited to share that GPS – our secure online portal – is undergoing a series of upgrades, bringing you powerful new tools and enhancements in the very near future.
READ MORE
Knowledge Center
Click the button below to view all the latest resources in the IPAIT Knowledge Center.
VIEW KNOWLEDGE CENTER
Access your Account
Login to your PMA GPS account through a secured server 24 hours a day, 7 days a week:
How To Join
Learn more about how to become an IPAIT Participant.
