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)