Commercial Foreign Currency Account & Euro Current Account Interest Rates (£0 - £3m Turnover)

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 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 (EONIA)

Currency

Hong Kong Dollar

Currency Code

HKD

Central Bank

The Hong Kong Association of Banks

Reference Interest Rate available from

Reference Interest Rate

HKAB Interest 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 (SORA)

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

Swiss Average Rate Overnight (SARON)

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)