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 currency’s 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 |
---|---|---|---|---|
CurrencyAustralian Dollar |
Currency CodeAUD |
Central Banks/AdministratorsReserve Bank of Australia |
Reference Interest Rate available from |
Reference Interest RateRBA Interbank Overnight Cash Rate |
CurrencyCanadian Dollar |
Currency CodeCAD |
Central Banks/AdministratorsBank of Canada |
Reference Interest Rate available from |
Reference Interest RateOvernight Rate Target |
CurrencyCzech Republic Koruna |
Currency CodeCZK |
Central Banks/AdministratorsCzech National Bank |
Reference Interest Rate available from |
Reference Interest RateDiscount Rate |
CurrencyDanish Krone |
Currency CodeDKK |
Central Banks/AdministratorsDanmarks Nationalbank |
Reference Interest Rate available from |
Reference Interest RateCertificates of Deposit Rate |
CurrencyEuro |
Currency CodeEUR |
Central Banks/AdministratorsEuropean Central Bank |
Reference Interest Rate available from |
Reference Interest RateEuropean Deposit Facility rate (EDF) |
CurrencyHong Kong Dollar |
Currency CodeHKD |
Central Banks/AdministratorsThe Hong Kong Association of Banks |
Reference Interest Rate available from |
Reference Interest RateHKMA Hong Kong Base Rate |
CurrencyHungarian Forint |
Currency CodeHUF |
Central Banks/AdministratorsMagyar Nemzeti Bank |
Reference Interest Rate available from |
Reference Interest RateBase Rate |
CurrencyIsrael Shekel |
Currency CodeILS |
Central Banks/AdministratorsBank of Israel |
Reference Interest Rate available from |
Reference Interest RateQuoted Basic Interest Rate (Prime Rate) |
CurrencyJapanese Yen |
Currency CodeJPY |
Central Banks/AdministratorsBank of Japan |
Reference Interest Rate available from |
Reference Interest RateComplementary Deposit Facility Interest Rate |
CurrencyMexican Peso |
Currency CodeMXN |
Central Banks/AdministratorsBanco de Mexico |
Reference Interest Rate available from |
Reference Interest RateOvernight Interest Rate Target |
CurrencyMoroccan Dirham |
Currency CodeMAD |
Central Banks/AdministratorsBank Al Maghrib |
Reference Interest Rate available from |
Reference Interest RateKey Rate |
CurrencyNew Zealand Dollar |
Currency CodeNZD |
Central Banks/AdministratorsReserve Bank of New Zealand |
Reference Interest Rate available from |
Reference Interest RateOfficial Cash Rate |
CurrencyNorwegian Krone |
Currency CodeNOK |
Central Banks/AdministratorsNorges Bank |
Reference Interest Rate available from |
Reference Interest RateKey Policy Rate |
CurrencyPolish Zloty |
Currency CodePLN |
Central Banks/AdministratorsNarodowy Bank Polski |
Reference Interest Rate available from |
Reference Interest RateRediscount Rate |
CurrencyQatari Riyal |
Currency CodeQAR |
Central Banks/AdministratorsQatar Central Bank |
Reference Interest Rate available from |
Reference Interest RateQMR Overnight Deposit |
CurrencySaudi Riyal |
Currency CodeSAR |
Central Banks/AdministratorsSaudi Arabian Monetary Authority |
Reference Interest Rate available from |
Reference Interest RateOfficial Repo Rate |
CurrencySingapore Dollar |
Currency CodeSGD |
Central Banks/AdministratorsMonetary Authority of Singapore |
Reference Interest Rate available from |
Reference Interest RateSingapore Overnight Rate Average (SORA) |
CurrencySouth African Rand |
Currency CodeZAR |
Central Banks/AdministratorsSouth African Reserve Bank |
Reference Interest Rate available from |
Reference Interest RateRepo Rate |
CurrencySwedish Krona |
Currency CodeSEK |
Central Banks/AdministratorsSveriges Riksbank |
Reference Interest Rate available from |
Reference Interest RateRepo Rate |
CurrencySwiss Franc |
Currency CodeCHF |
Central Banks/AdministratorsSwiss National Bank |
Reference Interest Rate available from |
Reference Interest RateSwiss National Bank Policy Rate |
CurrencyThai Baht |
Currency CodeTHB |
Central Banks/AdministratorsBank of Thailand |
Reference Interest Rate available from |
Reference Interest RateOne Day Repurchase Rate |
CurrencyTurkey New Lira |
Currency CodeTRY |
Central Banks/AdministratorsCentral Bank of the Republic of Turkey |
Reference Interest Rate available from |
Reference Interest RateOne Week Repo Rate |
CurrencyUAE Dirham |
Currency CodeAED |
Central Banks/AdministratorsCentral Bank of the UAE |
Reference Interest Rate available fromPlease refer to your RM |
Reference Interest RateCentral Bank of The U.A.E Base Rate |
CurrencyUS Dollar |
Currency CodeUSD |
Central Banks/AdministratorsThe Federal Reserve |
Reference Interest Rate available from |
Reference Interest RateFederal Funds Target Rate (Upper Bound) |