Currency Call Deposit Rates

Foreign Currency Account Rates

All rates are subject to variation and are correct at 1 September 2020.

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 0.1000%

 

US Dollar (USD)

Balance

Gross (variable) Credit Interest Rate %

AER %

0 - 100,000 0.0000% 0.0000%
100,000 + 0.0000% 0.0000%
Reference Rate 0.1567%

Canadian Dollar (CAD)

Balance

Gross (variable) Credit Interest Rate %

AER %

0 - 100,000 0.0000% 0.0000%
100,000 + 0.0000% 0.0000%
Reference Rate 0.4812%

 

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 -0.7886%

 

Australian Dollar (AUD)

Balance

Gross (variable) Credit Interest Rate %

AER %

0 - 100,000 0.0000% 0.0000%
100,000 + 0.0000% 0.0000%
Reference Rate 0.0950%

 

Japanese 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 -0.0958%

 

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
0.3726%

 

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 -0.0450%

 

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 -0.2933%

 

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 0.1100%

 

South African Rand (ZAR)

Balance

Gross (variable) Credit Interest Rate %

AER %

0 - 1,000,000 2.1420% 2.1631%
1,000,000 + 2.3920% 2.4183%
Reference Rate 3.3920%

New Zealand Dollar (NZD)

Balance

Gross (variable) Credit Interest Rate %

AER %

0 - 100,000 0.0000% 0.0000%
100,000 + 0.0000% 0.0000%
Reference Rate 0.2700%

 

Singapore Dollar (SGD)

Balance

Gross (variable) Credit Interest Rate %

AER %

0 - 100,000 0.0000% 0.0000%
100,000 + 0.0000% 0.0000%
Reference Rate 0.2475%

 

Polish Zloty (PLN)

Balance

Gross (variable) Credit Interest Rate % 

AER %

0 - 500,000 0.0000% 0.0000%
500,000 + 0.0000% 0.0000%
Reference Rate 0.1000%

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 0.6000%

 

Turkish Lira (TRY)

Balance

Gross (variable) Credit Interest Rate %

AER %

0 - 300,000 10.1289% 10.6126%
300,000 + 10.3789% 10.8871%
Reference Rate 11.3789%

 

Thai Bhat (THB)

Balance

Gross (variable) Credit Interest Rate

AER %

0 - 5,000,000 0.0000% 0.0000%
5,000,000 + 0.0000% 0.0000%
Reference Rate 0.5542%

 

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)
0.1000%
US Dollar (USD)
0.1567%
Canadian Dollar (CAD) 0.4812%
Swiss Franc (CHF)   -0.7886%
Australian Dollar (AUD) 0.0950%
Japanese Yen (JPY)   -0.0958%
Hong Kong Dollar (HKD)   0.3726%
Swedish Krona (SEK) -0.0450%
Danish Krone (DKK) -0.2933%
Norwegian Krone (NOK)   0.1100%
South African Rand (ZAR) 3.3920%
New Zealand Dollar (NZD) 0.2700%
Singapore Dollar (SGD)   0.2475%
Polish Zloty (PLN)   0.1000%
Hungarian Forints (HUF) 0.6000%
Turkish Lira (TRY) 11.3789%
Thai Bhat (THB)   0.5542%

 

The Reference Rate for Non-Sterling Foreign Currency Accounts is based on one month ICE LIBOR 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.

LIBOR stands for London InterBank Offered Rate.  It is produced for five currencies (GBP, USD, EUR, JPY and CHF) with seven maturities quoted for each, ranging from overnight to 12 months by the Intercontinental Exchange Benchmark Administrator (ICE BA). It’s based on submissions by a panel of banks using available transaction data and their expert judgement.

For more information on the LIBOR or 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 compounded each year.

All returns are subject to Deposit Interest Retention Tax (DIRT). Under current legislation, the effective DIRT rate is 33%

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