Non-Sterling Currency Accounts
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 currencyās external Reference Interest Rate + 12% margin.
- Overdraft facilities available in most major currencies (subject to our normal lending criteria)
- Overdrafts are subject to arrangement fees
- The authorised borrowing margin is linked to the Reference Interest Rate.
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 Relationship Manager.
European Deposit Facility rate (EDF)
European Central Bank
Currency |
Currency Code |
Central Banks/Administrators |
Reference Interest Rate available from |
Reference Interest Rate |
---|---|---|---|---|
Currency Australian Dollar |
Currency Code AUD |
Central Banks/Administrators Reserve Bank of Australia |
Reference Interest Rate available from |
Reference Interest Rate RBA Interbank Overnight Cash Rate |
Currency Canadian Dollar |
Currency Code CAD |
Central Banks/Administrators Bank of Canada |
Reference Interest Rate available from |
Reference Interest Rate Overnight Rate Target |
Currency Czech Republic Koruna |
Currency Code CZK |
Central Banks/Administrators Czech National Bank |
Reference Interest Rate available from |
Reference Interest Rate Discount Rate |
Currency Danish Krone |
Currency Code DKK |
Central Banks/Administrators Danmarks Nationalbank |
Reference Interest Rate available from |
Reference Interest Rate Certificates of Deposit Rate |
Currency Euro |
Currency Code EUR |
Central Banks/Administrators European Central Bank |
Reference Interest Rate available from |
Reference Interest Rate European Deposit Facility rate (EDF) |
Currency Hong Kong Dollar |
Currency Code HKD |
Central Banks/Administrators The Hong Kong Association of Banks |
Reference Interest Rate available from |
Reference Interest Rate HKMA Hong Kong Base Rate |
Currency Hungarian Forint |
Currency Code HUF |
Central Banks/Administrators Magyar Nemzeti Bank |
Reference Interest Rate available from |
Reference Interest Rate Base Rate |
Currency Israel Shekel |
Currency Code ILS |
Central Banks/Administrators Bank of Israel |
Reference Interest Rate available from |
Reference Interest Rate Quoted Basic Interest Rate (Prime Rate) |
Currency Japanese Yen |
Currency Code JPY |
Central Banks/Administrators Bank of Japan |
Reference Interest Rate available from |
Reference Interest Rate Complementary Deposit Facility Interest Rate |
Currency Mexican Peso |
Currency Code MXN |
Central Banks/Administrators Banco de Mexico |
Reference Interest Rate available from |
Reference Interest Rate Overnight Interest Rate Target |
Currency Moroccan Dirham |
Currency Code MAD |
Central Banks/Administrators Bank Al Maghrib |
Reference Interest Rate available from |
Reference Interest Rate Key Rate |
Currency New Zealand Dollar |
Currency Code NZD |
Central Banks/Administrators Reserve Bank of New Zealand |
Reference Interest Rate available from |
Reference Interest Rate Official Cash Rate |
Currency Norwegian Krone |
Currency Code NOK |
Central Banks/Administrators Norges Bank |
Reference Interest Rate available from |
Reference Interest Rate Key Policy Rate |
Currency Polish Zloty |
Currency Code PLN |
Central Banks/Administrators Narodowy Bank Polski |
Reference Interest Rate available from |
Reference Interest Rate Rediscount Rate |
Currency Qatari Riyal |
Currency Code QAR |
Central Banks/Administrators Qatar Central Bank |
Reference Interest Rate available from |
Reference Interest Rate QMR Overnight Deposit |
Currency Saudi Riyal |
Currency Code SAR |
Central Banks/Administrators Saudi Arabian Monetary Authority |
Reference Interest Rate available from |
Reference Interest Rate Official Repo Rate |
Currency Singapore Dollar |
Currency Code SGD |
Central Banks/Administrators 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 Banks/Administrators South African Reserve Bank |
Reference Interest Rate available from |
Reference Interest Rate Repo Rate |
Currency Swedish Krona |
Currency Code SEK |
Central Banks/Administrators Sveriges Riksbank |
Reference Interest Rate available from |
Reference Interest Rate Repo Rate |
Currency Swiss Franc |
Currency Code CHF |
Central Banks/Administrators Swiss National Bank |
Reference Interest Rate available from |
Reference Interest Rate Swiss National Bank Policy Rate |
Currency Thai Baht |
Currency Code THB |
Central Banks/Administrators Bank of Thailand |
Reference Interest Rate available from |
Reference Interest Rate One Day Repurchase Rate |
Currency Turkey New Lira |
Currency Code TRY |
Central Banks/Administrators 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 Banks/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 Banks/Administrators The Federal Reserve |
Reference Interest Rate available from |
Reference Interest Rate Federal Funds Target Rate (Upper Bound) |