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Foreign Currency Account Rates

All rates are subject to variation and are correct at 1st December 2021

Foreign Currency Call Deposit Account - Credit Interest Rates

UK Sterling (GBP)

US Dollar (USD)

Canadian Dollar (CAD)

Swiss Franc (CHF)

Australian Dollar (AUD)

Japanese Yen (JPY)

Hong Kong Dollar (HKD)

Swedish Krona (SEK)

Danish Krone (DKK)

Norwegian Krone (NOK)

South African Rand (ZAR)

New Zealand Dollar (NZD)

Singapore Dollar (SGD)

Polish Zloty (PLN)

Hungarian Forints (HUF)

Turkish Lira (TRY)

Thai Bhat (THB)

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)

0.1000%

US Dollar (USD)

0.1250%

Canadian Dollar (CAD)

0.4375%

Swiss Franc (CHF)

-0.7500%

Australian Dollar (AUD)

0.0150%

Japanese Yen (JPY)

-0.1000%

Hong Kong Dollar (HKD)

0.1019%

Swedish Krona (SEK)

-0.1420%

Danish Krone (DKK)

-0.3033%

Norwegian Krone (NOK)

0.6700%

South African Rand (ZAR)

3.7250%

New Zealand Dollar (NZD)

0.7800%

Singapore Dollar (SGD)

0.3000%

Polish Zloty (PLN)

1.5500%

Hungarian Forints (HUF)

3.0300%

Turkish Lira (TRY)

15.6426%

Thai Bhat (THB)

0.5522%

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%.

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