When you load funds into your Aera accounts or Deposit Accelerators they are held on trust for you by Aera 22 Nominee Limited (the “Trustee”).
“On trust” means that the funds are separate from Aera and can only be used as directed by you.
The funds are held in major New Zealand bank accounts and financial institutions depending on the Accelerator options you select.
The full terms of each product are available in the Aera app.