• Foreign currency interest rate guide

    The information below applies to Foreign Currency Accounts opened on or after 24 September 2014

    Reference Rates

    For information on the Currency Reference Rates please refer to our Currency Account Interest Reference Rate  

    The Credit Reference Rate is the rate currency accounts are linked to for credit interest and is set at 0.25% below Market Rate. The Debit Reference Rate is the rate currency accounts are linked to for debit interest and is set at 0.25% above Market Rate. The appropriate debit and credit margins are then applied.  

    The information below applies to Foreign Currency accounts opened on or after 12 September 2011.

    For Foreign Currency accounts opened before 12 September 2011, please check with your Relationship Manager for which rates and charges apply.

    For details of interest rates for accounts in currencies not detailed below, please speak with your Relationship Manager.

    Currency Currency Code Central Bank Reference rate available from Reference rate
    Australian Dollar AUD Reserve Bank of Australia www.rba.gov.au Cash Rate
    Canadian Dollar CAD Bank of Canada www.bankofcanada.ca Overnight Target Rate
    Czech Koruna CZK Czech National Bank www.cnb.cz Discount Rate
    Danish Krone DKK Danmarks Nationalbank www.nationalbanken.dk Discount Rate
    Euro EUR European Central Bank www.euribor.org Euro Overnight Index average
    Hong Kong Dollar HKD The Hong Kong Association of Banks www.hkab.org.hk Overnight HKAB Interest Settlement Rate
    Hungarian Forint HUF Magyar Nemzeti Bank www.mnb.hu Central Bank Base Rate
    Iceland Krona ISK Central Bank of Iceland www.sedlabanki.is CBI Overnight Rate
    Japanese Yen JPY Bank of Japan www.boj.or.jp BOJ Overnight Call Rate
    Mexican Peso MXN Banco de Mexico www.banxico.org.mx Overnight Interest rate Target
    Moroccan Dirham MAD Bank Al Maghrib www.bkam.ma Key Rate
    New Zealand Dollar NZD Reserve Bank of New Zealand www.rbnz.govt.nz Official Cash Rate
    Norwegian Krone NOK Norges Bank ww.norges-bank.no NB Key Policy Rate
    Polish Zloty PLN Narodowy Bank Polski http://www.nbp.pl Discount Rate
    Saudi Riyal SAR Saudi Arabian Monetary Authority http://www.sama.gov.sa Repo Rate
    Singapore Dollar SGD Monetary Authority of Singapore www.mas.gov.sg Central Bank Overnight Rate
    South African Rand ZAR South African Reserve Bank www.reservebank.co.za Repo Rate
    Swedish Krone SEK Sveriges Riksbank www.riksbank.com Repo Rate
    Swiss Franc CHF Swiss National Bank Please refer to your RM Swiss LIBOR Target Rate
    Thai Baht THB Bank of Thailand www.bot.or.th One Day repurchase Rate
    Turkey New Lira TRY Central Bank of the Republic of Turkey www.tcmb.gov.tr Official overnight rate
    UAE Dirham AED Central Bank of the UAE www.centralbank.ae One week EIBOR
    US Dollar USD Federal Reserve Bank of NY www.newyorkfed.org Federal Fund Rate

    † Set on Thursday each week for value the next Monday.