Foreign & Euro Currency Account Interest Rates

  • 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.

    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 Relationship Manager or Business Management Team.

    Currency

    Currency Code

    Central Bank

    Reference Interest Rate available from

    Reference Interest Rate

    Currency

    Australian Dollar

    Currency Code

    AUD

    Central Bank

    Reserve Bank of Australia

    Reference Interest Rate available from

    Reference Interest Rate

    Cash Rate

    Currency

    Canadian Dollar

    Currency Code

    CAD

    Central Bank

    Bank of Canada

    Reference Interest Rate available from

    Reference Interest Rate

    Overnight Rate Target

    Currency

    Czech Republic Koruna

    Currency Code

    CZK

    Central Bank

    Czech National Bank

    Reference Interest Rate available from

    Reference Interest Rate

    Discount Rate

    Currency

    Danish Krone

    Currency Code

    DKK

    Central Bank

    Danmarks Nationalbank

    Reference Interest Rate available from

    Reference Interest Rate

    Certificates of Deposit Rate

    Currency

    Euro

    Currency Code

    EUR

    Central Bank

    European Central Bank

    Reference Interest Rate available from

    Reference Interest Rate

    Euro Overnight Index average

    Currency

    Hong Kong Dollar

    Currency Code

    HKD

    Central Bank

    The Hong Kong Association of Banks

    Reference Interest Rate available from

    Reference Interest Rate

    HKAB Settlement Overnight Rate

    Currency

    Hungarian Forint

    Currency Code

    HUF

    Central Bank

    Magyar Nemzeti Bank

    Reference Interest Rate available from

    Reference Interest Rate

    Base Rate

    Currency

    Israel Shekel

    Currency Code

    ILK

    Central Bank

    Bank of Israel

    Reference Interest Rate available from

    Reference Interest Rate

    Quoted Basic Interest Rate (Prime Rate)

    Currency

    Japanese Yen

    Currency Code

    JPY

    Central Bank

    Bank of Japan

    Reference Interest Rate available from

    Reference Interest Rate

    Uncollaterlised Overnight Call Rate

    Currency

    Mexican Peso

    Currency Code

    MXN

    Central Bank

    Banco de Mexico

    Reference Interest Rate available from

    Reference Interest Rate

    Overnight Interest Rate Target

    Currency

    Moroccan Dirham

    Currency Code

    MAD

    Central Bank

    Bank Al Maghrib

    Reference Interest Rate available from

    Reference Interest Rate

    Key Rate

    Currency

    New Zealand Dollar

    Currency Code

    NZD

    Central Bank

    Reserve Bank of New Zealand

    Reference Interest Rate available from

    Reference Interest Rate

    Official Cash Rate

    Currency

    Norwegian Krone

    Currency Code

    NOK

    Central Bank

    Norges Bank

    Reference Interest Rate available from

    Reference Interest Rate

    Key Policy Rate

    Currency

    Polish Zloty

    Currency Code

    PLN

    Central Bank

    Narodowy Bank Polski

    Reference Interest Rate available from

    Reference Interest Rate

    Rediscount Rate

    Currency

    Qatari Riyal

    Currency Code

    QAR

    Central Bank

    Qatar Central Bank

    Reference Interest Rate available from

    Reference Interest Rate

    QMR Overnight Deposit

    Currency

    Saudi Arabian Riyal

    Currency Code

    SAR

    Central Bank

    Saudi Arabian Monetary Authority

    Reference Interest Rate available from

    Reference Interest Rate

    Official Repo Rate

    Currency

    Singapore Dollar

    Currency Code

    SGD

    Central Bank

    Monetary Authority of Singapore

    Reference Interest Rate available from

    Reference Interest Rate

    Singapore Overnight Rate Average

    Currency

    South African Rand

    Currency Code

    ZAR

    Central Bank

    South African Reserve Bank

    Reference Interest Rate available from

    Reference Interest Rate

    Repo Rate

    Currency

    Swedish Krone

    Currency Code

    SEK

    Central Bank

    Sveriges Riksbank

    Reference Interest Rate available from

    Reference Interest Rate

    Repo Rate

    Currency

    Swiss Franc

    Currency Code

    CHF

    Central Bank

    Swiss National Bank

    Reference Interest Rate available from

    Reference Interest Rate

    SNB Target Rate

    Currency

    Thai Baht

    Currency Code

    THB

    Central Bank

    Bank of Thailand

    Reference Interest Rate available from

    Reference Interest Rate

    One Day Repurchase Rate

    Currency

    Turkey New Lira

    Currency Code

    TRY

    Central Bank

    Central Bank of the Republic of Turkey

    Reference Interest Rate available from

    Reference Interest Rate

    One Week Repo Rate

    Currency

    UAE Dirham

    Currency Code

    AED

    Central Bank

    Central Bank of the UAE

    Reference Interest Rate available from

    Please refer to your RM

    Reference Interest Rate

    Overnight Repurchase Rate

    Currency

    US Dollar

    Currency Code

    USD

    Central Bank

    Federal Reserve Bank of NY

    Reference Interest Rate available from

    Reference Interest Rate

    Federal Funds Target Rate (Upper Bound)

  • Reference Interest Rates

    For information on the Reference Interest Rates for our major currencies please refer to our Reference Interest Rate schedule. 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%.

    Credit Interest

    The Credit Reference Rate is the rate currency accounts are linked to for credit interest and is set at 0.25% below the Reference Interest Rate (if the Reference Interest Rate falls below 0%, it will be treated as 0% until such time it exceeds 0%).

    The appropriate credit interest rate margin is then applied.

    For information on the Credit Interest Tiers please refer to our Currency Account Credit Interest Tiers.

    Debit Interest

    The Debit Reference Rate is the rate currency accounts are linked to for debit interest and is set at 0.25% above the Reference Interest Rate (if the Reference Interest Rate falls below 0%, it will be treated as 0% until such time it exceeds 0%).

    The appropriate debit interest rate margin is then applied.

    • Overdraft facilities available in most major currencies (subject to our normal lending criteria)
    • Overdrafts are subject to arrangement fees
    • For any unauthorised borrowing, the unauthorised borrowing interest rate will be the Debit Reference Rate of the account’s currency + 12% margin
  • Credit Interest

    Euro Currency Account & Euro Call Account

    Credit interest is linked to the Euro Overnight Index Average (EONIA®).

    Credit interest is paid on seven tiered tranche as follows:

    Credit Interest Rate Tiers (denominated in GBP Sterling)

    Credit Interest Rate Margin

    Credit Interest Rate Tiers (denominated in GBP Sterling)

    <£3,000

    Credit Interest Rate Margin

    No interest paid

    Credit Interest Rate Tiers (denominated in GBP Sterling)

    £3,000 to £19,999

    Credit Interest Rate Margin

    -3.50%

    Credit Interest Rate Tiers (denominated in GBP Sterling)

    £20,000 to £39,999

    Credit Interest Rate Margin

    -2.50%

    Credit Interest Rate Tiers (denominated in GBP Sterling)

    £40,000 to £79,999

    Credit Interest Rate Margin

    -1.50%

    Credit Interest Rate Tiers (denominated in GBP Sterling)

    £80,000 to £199,999

    Credit Interest Rate Margin

    -1.00%

    Credit Interest Rate Tiers (denominated in GBP Sterling)

    £200,000 to £399,999

    Credit Interest Rate Margin

    -0.50%

    Credit Interest Rate Tiers (denominated in GBP Sterling)

    £400,000 to £799,999

    Credit Interest Rate Margin

    -0.25%

    Credit Interest Rate Tiers (denominated in GBP Sterling)

    £800,000+

    Credit Interest Rate Margin

    Full rate

    The EONIA rate can be obtained from a number of independent sources including The Financial Times.

    US Dollar Currency Account

    Credit interest is linked to the Federal Funds Target Rate (Upper Bound).

    Credit interest is paid on seven tiered tranche as follows:

    Credit Interest Rate Tiers (denominated in GBP Sterling)

    Credit Interest Rate Margin

    Credit Interest Rate Tiers (denominated in GBP Sterling)

    <£3,000

    Credit Interest Rate Margin

    No interest paid

    Credit Interest Rate Tiers (denominated in GBP Sterling)

    £3,000 to £19,999

    Credit Interest Rate Margin

    -3.50%

    Credit Interest Rate Tiers (denominated in GBP Sterling)

    £20,000 to £39,999

    Credit Interest Rate Margin

    -2.50%

    Credit Interest Rate Tiers (denominated in GBP Sterling)

    £40,000 to £79,999

    Credit Interest Rate Margin

    -1.50%

    Credit Interest Rate Tiers (denominated in GBP Sterling)

    £80,000 to £199,999

    Credit Interest Rate Margin

    -1.00%

    Credit Interest Rate Tiers (denominated in GBP Sterling)

    £200,000 to £399,999

    Credit Interest Rate Margin

    -0.50%

    Credit Interest Rate Tiers (denominated in GBP Sterling)

    £400,000 to £799,999

    Credit Interest Rate Margin

    -0.25%

    Credit Interest Rate Tiers (denominated in GBP Sterling)

    £800,000+

    Credit Interest Rate Margin

    Full rate

    The Federal Funds Target Rate (Upper Bound) can be obtained from a number of independent sources including The Financial Times.

    Other (Non-Euro or US Dollar) Foreign Currency Account

    The Reference Interest Rate is the rate currency accounts are linked to for credit interest.

    Credit interest is paid on seven tiered tranche as follows:

    Credit Interest Rate Tiers (denominated in GBP Sterling)

    Credit Interest Rate Margin

    Credit Interest Rate Tiers (denominated in GBP Sterling)

    <£3,000

    Credit Interest Rate Margin

    No interest paid

    Credit Interest Rate Tiers (denominated in GBP Sterling)

    £3,000 to £19,999

    Credit Interest Rate Margin

    -3.50%

    Credit Interest Rate Tiers (denominated in GBP Sterling)

    £20,000 to £39,999

    Credit Interest Rate Margin

    -2.50%

    Credit Interest Rate Tiers (denominated in GBP Sterling)

    £40,000 to £79,999

    Credit Interest Rate Margin

    -1.50%

    Credit Interest Rate Tiers (denominated in GBP Sterling)

    £80,000 to £199,999

    Credit Interest Rate Margin

    -1.00%

    Credit Interest Rate Tiers (denominated in GBP Sterling)

    £200,000 to £399,999

    Credit Interest Rate Margin

    -0.50%

    Credit Interest Rate Tiers (denominated in GBP Sterling)

    £400,000 to £799,999

    Credit Interest Rate Margin

    -0.25%

    Credit Interest Rate Tiers (denominated in GBP Sterling)

    £800,000+

    Credit Interest Rate Margin

    Full rate

    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 Relationship Manager or Business Management Team.

    Currency

    Currency Code

    Central Bank

     

    Reference Interest rate available from

    Reference Interest rate

    Currency

    Australian Dollar

    Currency Code

    AUD

    Central Bank\26nbsp;

    Reserve Bank of Australia

    Reference Interest rate available from

    Reference Interest rate

    Cash Rate

    Currency

    Canadian Dollar

    Currency Code

    CAD

    Central Bank\26nbsp;

    Bank of Canada

    Reference Interest rate available from

    Reference Interest rate

    Overnight Rate Target

    Currency

    Czech Republic Koruna

    Currency Code

    CZK

    Central Bank\26nbsp;

    Czech National Bank

    Reference Interest rate available from

    Reference Interest rate

    Discount Rate

    Currency

    Danish Krone

    Currency Code

    DKK

    Central Bank\26nbsp;

    Danmarks Nationalbank

    Reference Interest rate available from

    Reference Interest rate

    Certificates of Deposit Rate

    Currency

    Euro

    Currency Code

    EUR

    Central Bank\26nbsp;

    European Central Bank

    Reference Interest rate available from

    Reference Interest rate

    Euro Overnight Index average

    Currency

    Hong Kong Dollar

    Currency Code

    HKD

    Central Bank\26nbsp;

    The Hong Kong Association of Banks

    Reference Interest rate available from

    Reference Interest rate

    HKAB Settlement Overnight Rate

    Currency

    Hungarian Forint

    Currency Code

    HUF

    Central Bank\26nbsp;

    Magyar Nemzeti Bank

    Reference Interest rate available from

    Reference Interest rate

    Base Rate

    Currency

    Iceland Krona

    Currency Code

    ISK

    Central Bank\26nbsp;

    Central Bank of Iceland

    Reference Interest rate available from

    Reference Interest rate

    Overnight CBI Rate

    Currency

    Israel Shekel

    Currency Code

    ILK

    Central Bank\26nbsp;

    Bank of Israel

    Reference Interest rate available from

    Reference Interest rate

    Quoted Basic Interest Rate (Prime Rate)

    Currency

    Japanese Yen

    Currency Code

    JPY

    Central Bank\26nbsp;

    Bank of Japan

    Reference Interest rate available from

    Reference Interest rate

    Uncollaterlised Overnight Call Rate

    Currency

    Mexican Peso

    Currency Code

    MXN

    Central Bank\26nbsp;

    Banco de Mexico

    Reference Interest rate available from

    Reference Interest rate

    Overnight Interest Rate Target

    Currency

    Moroccan Dirham

    Currency Code

    MAD

    Central Bank\26nbsp;

    Bank Al Maghrib

    Reference Interest rate available from

    Reference Interest rate

    Key Rate

    Currency

    New Zealand Dollar

    Currency Code

    NZD

    Central Bank\26nbsp;

    Reserve Bank of New Zealand

    Reference Interest rate available from

    Reference Interest rate

    Official Cash Rate

    Currency

    Norwegian Krone

    Currency Code

    NOK

    Central Bank\26nbsp;

    Norges Bank

    Reference Interest rate available from

    Reference Interest rate

    Key Policy Rate

    Currency

    Polish Zloty

    Currency Code

    PLN

    Central Bank\26nbsp;

    Narodowy Bank Polski

    Reference Interest rate available from

    Reference Interest rate

    Rediscount Rate

    Currency

    Qatari Riyal

    Currency Code

    QAR

    Central Bank\26nbsp;

    Qatar Central Bank

    Reference Interest rate available from

    Reference Interest rate

    QMR Overnight Deposit

    Currency

    Saudi Arabian Riyal

    Currency Code

    SAR

    Central Bank\26nbsp;

    Saudi Arabian Monetary Authority

    Reference Interest rate available from

    Reference Interest rate

    Official Repo Rate

    Currency

    Singapore Dollar

    Currency Code

    SGD

    Central Bank\26nbsp;

    Monetary Authority of Singapore

    Reference Interest rate available from

    Reference Interest rate

    Singapore Overnight Rate Average

    Currency

    South African Rand

    Currency Code

    ZAR

    Central Bank\26nbsp;

    South African Reserve Bank

    Reference Interest rate available from

    Reference Interest rate

    Repo Rate

    Currency

    Swedish Krone

    Currency Code

    SEK

    Central Bank\26nbsp;

    Sveriges Riksbank

    Reference Interest rate available from

    Reference Interest rate

    Repo Rate

    Currency

    Swiss Franc

    Currency Code

    CHF

    Central Bank\26nbsp;

    Swiss National Bank

    Reference Interest rate available from

    Reference Interest rate

    SNB Target Rate

    Currency

    Thai Baht

    Currency Code

    THB

    Central Bank\26nbsp;

    Bank of Thailand

    Reference Interest rate available from

    Reference Interest rate

    One Day Repurchase Rate

    Currency

    Turkey New Lira

    Currency Code

    TRY

    Central Bank\26nbsp;

    Central Bank of the Republic of Turkey

    Reference Interest rate available from

    Reference Interest rate

    One Week Repo Rate

    Currency

    UAE Dirham

    Currency Code

    AED

    Central Bank\26nbsp;

    Central Bank of the UAE

    Reference Interest rate available from

    Please refer to your RM

    Reference Interest rate

    Overnight Repurchase Rate

    Currency

    US Dollar

    Currency Code

    USD

    Central Bank\26nbsp;

    Federal Reserve Bank of NY

    Reference Interest rate available from

    Reference Interest rate

    Federal Funds Target Rate

    Exchange Rates (£0m - £3m: for use with Credit Interest Rate Tiers denominated in GBP Sterling – see above)

    Exchange Rates (£3m - £25m: for use with Credit Interest Rate Tiers denominated in GBP Sterling – see above)

    Debit Interest

    Overdraft facilities available in most major currencies (subject to our normal lending criteria).

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