Foreign Currency Account Rates
All rates are subject to variation and are correct at 2nd October 2017
Foreign Currency Call Deposit Account - Credit Interest Rates
UK Sterling (GBP)
Balance |
Gross (variable) Credit Interest Rate % |
AER % |
|---|---|---|
| 0 - 100,000 | 0.0000% | 0.0000% |
| 100,000 + | 0.0000% | 0.0000% |
| Reference Rate | 0.2500% | |
US Dollar (USD)
Balance |
Gross (variable) Credit Interest Rate % |
AER % |
|---|---|---|
| 0 - 100,000 | 0.0000% | 0.0000% |
| 100,000 + | 0.2305% | 0.2335% |
| Reference Rate | 1.2333% | |
Canadian Dollar (CAD)
Balance |
Gross (variable) Credit Interest Rate % |
AER % |
|---|---|---|
| 0 - 100,000 | 0.0570% | 0.0570% |
| 100,000 + | 0.3070% | 0.3074% |
| Reference Rate | 1.3070% |
|
Swiss Franc (CHF)
Balance |
Gross (variable) Credit Interest Rate % |
AER % |
|---|---|---|
| 0 - 100,000 | 0.0000% | 0.0000% |
| 100,000 + | 0.0000% | 0.0000% |
| Reference Rate | -0.7826% | |
Australian Dollar (AUD)
Balance |
Gross (variable) Credit Interest Rate % |
AER % |
|---|---|---|
| 0 - 100,000 | 0.3600% | 0.3605% |
| 100,000 + | 0.6100% | 0.6117% |
| Reference Rate | 1.6100% | |
Japenese Yen (JPY)
Balance |
Gross (variable) Credit Interest Rate % |
AER % |
|---|---|---|
| 0 - 10,000,000 | 0.0000% | 0.0000% |
| 10,000,000 + | 0.0000% | 0.0000% |
| Reference Rate | -0.0495% | |
Hong Kong Dollar (HKD)
Balance |
Gross (variable) Credit Interest Rate % |
AER % |
|---|---|---|
| 0 - 1,000,000 | 0.0000% | 0.0000% |
| 1,000,000 + | 0.0000% | 0.0000% |
| Reference Rate | 0.5836% | |
Swedish Krona (SEK)
Balance |
Gross (variable) Credit Interest Rate % |
AER % |
|---|---|---|
| 0 - 999,999 | 0.0000% | 0.0000% |
| 999,999 + | 0.0000% | 0.0000% |
| Reference Rate | -0.4870% | |
Danish Krone (DKK)
Balance |
Gross (variable) Credit Interest Rate % |
AER % |
|---|---|---|
| 0 - 1,000,000 | 0.0000% | 0.0000% |
| 1,000,000 + | 0.0000% | 0.0000% |
| Reference Rate | -0.3700% | |
Norwegian Krone (NOK)
Balance |
Gross (variable) Credit Interest Rate % |
AER % |
|---|---|---|
| 0 - 1,000,000 | 0.0000% | 0.0000% |
| 1,000,000 + | 0.0000% | 0.0000% |
| Reference Rate | 0.6700% | |
South African Rand (ZAR)
Balance |
Gross (variable) Credit Interest Rate % |
AER % |
|---|---|---|
| 0 - 1,000,000 | 5.5500% | 5.6933% |
| 1,000,000 + | 5.8000% | 5.9566% |
| Reference Rate | 6.8000% | |
New Zealand Dollar (NZD)
Balance |
Gross (variable) Credit Interest Rate % |
AER % |
|---|---|---|
| 0 - 100,000 | 0.5900% | 0.5916% |
| 100,000 + | 0.8400% | 0.8432% |
| Reference Rate | 1.8400% | |
Singapore Dollar (SGD)
Balance |
Gross (variable) Credit Interest Rate % |
AER % |
|---|---|---|
| 0 - 100,000 | 0.0000% | 0.0000% |
| 100,000 + | 0.0010% | 0.0010% |
| Reference Rate | 1.0010% | |
Polish Zloty (PLN)
Balance |
Gross (variable) Credit Interest Rate % |
AER % |
|---|---|---|
| 0 - 500,000 | 0.4100% | 0.4107% |
| 500,000 + | 0.6600% | 0.6620% |
| Reference Rate | 1.6600% | |
Hungarian Forints (HUF)
Balance |
Gross (variable) Credit Interest Rate % |
AER % |
|---|---|---|
| 0 - 30,000,000 | 0.0000% | 0.0000% |
| 30,000,000 + | 0.0000% | 0.0000% |
| Reference Rate | 0.0300% | |
Turkish Lira (TRY)
Balance |
Gross (variable) Credit Interest Rate % |
AER % |
|---|---|---|
| 0 - 300,000 | 11.7651% | 12.4206% |
| 300,000 + | 12.0151% | 12.6993% |
| Reference Rate | 13.0151% | |
Thai Bhat (THB)
Balance |
Gross (variable) Credit Interest Rate |
AER % |
|---|---|---|
| 0 - 5,000,000 | 0.2768% | 0.2789% |
| 5,000,000 + | 0.5286% | 0.5298% |
| Reference Rate | 1.5286% | |
Foreign Currency Current Account
Unarranged Borrowing Rate
The arranged overdraft rate is set at a percentage above the Reference Rate of a relevant currency. This percentage is detailed in the Facility Letter and specific to each account.
The unarranged borrowing rate is set at a fixed margin of 4% above the Reference Rate of the relevant currency.
Reference Rates (variable)
|
% |
|---|---|
| Uk Sterling (GBP) |
0.2500% |
| US Dollar (USD) |
1.2333% |
| Canadian Dollar (CAD) | 1.3070% |
| Swiss Franc (CHF) | -0.7826% |
| Australian Dollar (AUD) | 1.6100% |
| Japanese Yen (JPY) | -0.0495% |
| Hong Kong Dollar (HKD) | 0.5836% |
| Swedish Krona (SEK) | -0.4870% |
| Danish Krone (DKK) | -0.3700% |
| Norwegian Krone (NOK) | 0.6700% |
| South African Rand (ZAR) | 6.8000% |
| New Zealand Dollar (NZD) | 1.8400% |
| Singapore Dollar (SGD) | 1.0010% |
| Polish Zloty (PLN) | 1.6600% |
| Hungarian Forints (HUF) | 0.0300% |
| Turkish Lira (TRY) | 13.0151% |
| Thai Bhat (THB) | 1.5286% |
The Reference Rate for Non-Sterling Foreign Currency Accounts is based on one month bbalibor (or other equivalent publicly available Reference Rate for that currency). The Reference Rate for Foreign Currency Sterling Accounts is the Bank of England Base Rate.
bbalibor stands for London InterBank Offered Rate. It is produced for ten currencies with 15 maturities quoted for each, ranging from overnight to 12 months producing 1,5000 rates each business day.
For more information on the bbalibor please visit British Bankers Association.
For more information on the Bank of England Base Rate please visit www.bankofengland.co.uk.
Gross is the interest rate paid before the deduction of tax.
Annual Equivalent Rate (AER) illustrates what the interest rate would be if paid and compunded each year.
All returns are subject to Deposit interest Retention Tax (DIRT). Under current legislation, the effective DIRT rate is 39%.