Foreign Currency Account & Euro Current Account Interest Rates

The below information applies to newly opened accounts, for information on existing accounts please request from your usual Bank contact.

Credit Interest

Credit Interest is not payable on this account

Debit Interest

For any unauthorised borrowing, the unauthorised borrowing interest rate will be linked to the currency’s external Reference Interest Rate + 12% margin.

Interest will be calculated on either a 360 day year or a 365 day year depending on the currency involved in line with market convention. For further information please contact your relationship manager.

Reference Interest Rates

The Reference Interest Rate can vary either up or down on a daily basis. If the Reference Interest Rate falls below 0%, it will be treated as 0% until such time it exceeds 0%. For currencies not listed in the table below please contact your Business Management Team.

Currency

Currency Code

Central Bank/Administrators

Reference Interest Rate available from

Reference Interest Rate

Currency

Australian Dollar

Currency Code

AUD

Central Bank/Administrators

Reserve Bank of Australia

Reference Interest Rate available from

www.rba.gov.au

Reference Interest Rate

RBA Interbank Overnight Cash Rate

Currency

Canadian Dollar

Currency Code

CAD

Central Bank/Administrators

Bank of Canada

Reference Interest Rate available from

www.bankofcanada.ca/

Reference Interest Rate

Overnight Rate Target

Currency

Czech Republic Koruna

Currency Code

CZK

Central Bank/Administrators

Czech National Bank

Reference Interest Rate available from

www.cnb.cz

Reference Interest Rate

Discount Rate

Currency

Danish Krone

Currency Code

DKK

Central Bank/Administrators

Danmarks Nationalbank

Reference Interest Rate available from

www.nationalbanken.dk

Reference Interest Rate

Certificates of Deposit Rate

Currency

Euro

Currency Code

EUR

Central Bank/Administrators

European Central Bank

Reference Interest Rate available from

www.ecb.europa.eu/

Reference Interest Rate

European Deposit Facility rate (EDF)

Currency

Hong Kong Dollar

Currency Code

HKD

Central Bank/Administrators

The Hong Kong Association of Banks

Reference Interest Rate available from

www.hkab.org.hk

Reference Interest Rate

HKMA Hong Kong Base Rate

Currency

Hungarian Forint

Currency Code

HUF

Central Bank/Administrators

Magyar Nemzeti Bank

Reference Interest Rate available from

www.mnb.hu

Reference Interest Rate

Base Rate

Currency

Israel Shekel

Currency Code

ILS

Central Bank/Administrators

Bank of Israel

Reference Interest Rate available from

www.boi.org.il/en

Reference Interest Rate

Quoted Basic Interest Rate (Prime Rate)

Currency

Japanese Yen

Currency Code

JPY

Central Bank/Administrators

Bank of Japan

Reference Interest Rate available from

www.boj.or.jp

Reference Interest Rate

Complementary Deposit Facility Interest Rate

Currency

Mexican Peso

Currency Code

MXN

Central Bank/Administrators

Banco de Mexico

Reference Interest Rate available from

www.banxico.org.mx

Reference Interest Rate

Overnight Interest Rate Target

Currency

Moroccan Dirham

Currency Code

MAD

Central Bank/Administrators

Bank Al Maghrib

Reference Interest Rate available from

www.bkam.ma

Reference Interest Rate

Key rate

Currency

New Zealand Dollar

Currency Code

NZD

Central Bank/Administrators

Reserve Bank of New Zealand

Reference Interest Rate available from

www.rbnz.govt.nz

Reference Interest Rate

Official Cash Rate

Currency

Norwegian Krone

Currency Code

NOK

Central Bank/Administrators

Norges Bank

Reference Interest Rate available from

www.norges-bank.no

Reference Interest Rate

Key Policy Rate

Currency

Polish Zloty

Currency Code

PLN

Central Bank/Administrators

Narodowy Bank Polski

Reference Interest Rate available from

www.nbp.pl

Reference Interest Rate

Rediscount Rate

Currency

Qatar Riyal

Currency Code

QAR

Central Bank/Administrators

Qatar Central Bank

Reference Interest Rate available from

www.qcb.gov.qa

Reference Interest Rate

QMR Overnight Deposit

Currency

Saudi Riyal

Currency Code

SAR

Central Bank/Administrators

Saudi Arabian Monetary Authority

Reference Interest Rate available from

www.sama.gov.sa

Reference Interest Rate

Official Repo Rate

Currency

Singapore Dollar

Currency Code

SGD

Central Bank/Administrators

Monetary Authority of Singapore

Reference Interest Rate available from

www.mas.gov.sg

Reference Interest Rate

Singapore Overnight Rate Average (SORA)

Currency

South African Rand

Currency Code

ZAR

Central Bank/Administrators

South African Reserve Bank

Reference Interest Rate available from

www.reservebank.co.za

Reference Interest Rate

Repo Rate

Currency

Swedish Krona

Currency Code

SEK

Central Bank/Administrators

Sveriges Riksbank

Reference Interest Rate available from

www.riksbank.com

Reference Interest Rate

Repo Rate

Currency

Swiss Franc

Currency Code

CHF

Central Bank/Administrators

Swiss National Bank

Reference Interest Rate available from

www.snb.ch

Reference Interest Rate

Swiss National Bank Policy Rate

Currency

Thai Baht

Currency Code

TBH

Central Bank/Administrators

Bank of Thailand

Reference Interest Rate available from

www.bot.or.th

Reference Interest Rate

One Day Repurchase Rate

Currency

Turkey New Lira

Currency Code

TRY

Central Bank/Administrators

Central Bank of the Republic of Turkey

Reference Interest Rate available from

www.tcmb.gov.tr

Reference Interest Rate

One Week Repo Rate

Currency

UAE Dirham

Currency Code

AED

Central Bank/Administrators

Central Bank of the UAE

Reference Interest Rate available from

Please refer to your RM

Reference Interest Rate

Central Bank of The U.A.E Base Rate

Currency

US Dollar

Currency Code

USD

Central Bank/Administrators

The Federal Reserve

Reference Interest Rate available from

www.federalreserve.gov

Reference Interest Rate

Federal Funds Target Rate (Upper Bound)