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Foreign Currency Account Rates

All rates are subject to variation and are correct at 1st November 2023.

On this page

Call Deposit Credit Interest Rates

Unarranged Borrowing Rate

Foreign Currency Call Deposit Account - Credit Interest Rates

UK Sterling (GBP)

Balance

0 - 100,000

100,000 +

Reference Rate

Gross Variable Credit Interest Rate %

4.0000%

4.2500%

5.2500%

AER %

4.0741%

4.3337%

US Dollar (USD)

Balance

0 - 100,000

100,000 +

Reference Rate

Gross Variable Credit Interest Rate %

4.1250%

4.3750%

5.3750%

AER %

4.2038%

4.4638%

Canadian Dollar (CAD)

Balance

0 - 100,000

100,000 +

Reference Rate

Gross Variable Credit Interest Rate %

4.1750%

4.4250%

5.4250%

AER %

4.2558%

4.5158%

Swiss Franc (CHF)

Balance

0 - 100,000

100,000 +

Reference Rate

Gross Variable Credit Interest Rate %

0.0000%

0.2500%

1.2500%

AER %

0.0000%

0.2502%

Australian Dollar (AUD)

Balance

0 - 100,000

100,000 +

Reference Rate

Gross Variable Credit Interest Rate %

2.9239%

3.1739%

4.1739%

AER %

2.9634%

3.2204%

Japanese Yen (JPY)

Balance

0 - 10,000,000

10,000,000 +

Reference Rate

Gross Variable Credit Interest Rate %

0.0000%

0.0000%

-0.1000%

AER %

0.0000%

0.0000%

Hong Kong Dollar (HKD)

Balance

0 - 1,000,000

1,000,000 +

Reference Rate

Gross Variable Credit Interest Rate %

3.6547%

3.9047%

4.9047%

AER %

3.7165%

3.9753%

Swedish Krona (SEK)

Balance

0 - 999,999

999,999 +

Reference Rate

Gross Variable Credit Interest Rate %

2.7950%

3.0450%

4.0450%

AER %

2.8310%

3.0878%

Danish Krone (DKK)

Balance

0 - 1,000,000

1,000,000 +

Reference Rate

Gross Variable Credit Interest Rate %

2.6500%

2.9000%

3.9000%

AER %

2.6824%

2.9388%

Norwegian Krone (NOK)

Balance

0 - 1,000,000

1,000,000 +

Reference Rate

Gross Variable Credit Interest Rate %

3.1900%

3.4400%

4.4400%

AER %

3.2370%

3.4947%

South African Rand (ZAR)

Balance

0 - 1,000,000

1,000,000 +

Reference Rate

Gross Variable Credit Interest Rate %

7.0080%

7.2580%

8.2580%

AER %

7.2375%

7.5043%

New Zealand Dollar (NZD)

Balance

0 - 100,000

100,000 +

Reference Rate

Gross Variable Credit Interest Rate %

4.3500%

4.6000%

5.6000%

AER %

4.4377%

4.6982%

Singapore Dollar (SGD)

Balance

0 - 100,000

100,000 +

Reference Rate

Gross Variable Credit Interest Rate %

2.7750%

3.0250%

4.0250%

AER %

2.8105%

3.0672%

Polish Zloty (PLN)

Balance

0 - 500,000

500,000 +

Reference Rate

Gross Variable Credit Interest Rate %

4.4500%

4.7000%

5.7000%

AER %

4.5418%

4.8025%

Hungarian Forints (HUF)

Balance

0 - 30,000,000

30,000,000 +

Reference Rate

Gross Variable Credit Interest Rate %

10.9400%

11.1900%

12.1900%

AER %

11.5055%

11.7821%

Turkish Lira (TRY)

Balance

0 - 300,000

300,000 +

Reference Rate

Gross Variable Credit Interest Rate %

13.3438%

13.5938%

14.5938%

AER %

14.1909%

14.4735%

Thai Bhat (THB)

Balance

0 - 5,000,000

5,000,000 +

Reference Rate

Gross Variable Credit Interest Rate %

1.3000%

1.5500%

2.5500%

AER %

1.3077%

1.5610%

Foreign Currency Current Account – Unarranged Borrowing Rates

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)	Rate %
UK Sterling (GBP)	5.2500%
US Dollar (USD)	5.3750%
Canadian Dollar (CAD)	5.4250%
Swiss Franc (CHF)	1.2500%
Australian Dollar (AUD)	4.1739%
Japanese Yen (JPY)	-0.1000%
Hong Kong Dollar (HKD)	4.9047%
Swedish Krona (SEK)	4.0450%
Danish Krone (DKK)	3.9000%
Norwegian Krone (NOK)	4.4400%
South African Rand (ZAR)	8.2580%
New Zealand Dollar (NZD)	5.6000%
Singapore Dollar (SGD)	4.0250%
Polish Zloty (PLN)	5.7000%
Hungarian Forints (HUF)	12.1900%
Turkish Lira (TRY)	14.5938%
Thai Bhat (THB)	2.5500%

The Reference Rate for Non-Sterling Foreign Currency Accounts is based on the publicly available Reference Rate for that currency. The Reference Rate for Foreign Currency Sterling Accounts is the Bank of England Base Rate.

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 compounded each year.

 

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