International interest rates

The following base rates are used to calculate:

  • Overdraft interest on currency current accounts
  • Credit interest payable on accounts linked to either the US Federal Reserve rate (FED) or the European Central Bank rate
  • Discounts on advances under an invoice finance facility.

Current base rate (%) figures last updated on 10 July 2020

CurrencyCodeRate usedCentral bank websiteCurrent base rate (%)*
UAE DirhamAEDAE Repo
Australian DollarAUDAU Target Cash
Canadian DollarCADCA Target ON
Swiss FrancCHFSNB Policy
Chinese RenminbiCNYChinese Renminbi Domestic Interest
Czech KorunaCZKCZ 2W Repo


Danish KroneDKKDK Lending Ratewww.nationalbanken.dk0.0500
EuroEURECB Refinancing Ratewww.ecb.europa.eu0.0000
Hong Kong DollarHKDHK Base
Hungarian forintHUFHU Base Ratewww.mnb.hu0.7500
Israeli shekelILSIL Benchmark Interest
Indian RupeeINRIN Repo Rate Liquidity Adjustment 5.1500
Japanese YenJPYBank Of Japan FX Policy Rate
Moroccan DirhamMADMA Monetary Policy
Mexican pesoMXNMX Target
Norwegian KroneNOKNorwegian Krone Domestic Interest
New Zealand DollarNZDNZ Cash
Philippine PesoPHPPhilippine Peso Overnight Bond
Polish ZlotyPLNPL Reference
Qatari RialQARQA Lending
Romanian LeuRONRO Monetary Policy Ratewww.bnr.ro1.7500
Saudi RiyalSARSaudi Arabian Riyal 6    month
Swedish KroneSEKSweden Repo
Singapore DollarSGDSingapore Dollar Domestic Interest


Thai BahtTHBTH Policy
Turkish LiraTRYTurkish Lira Central Bank
US DollarUSDUS Federal Funds Target
South African RandZARSouth African Rand Bond



  • For currency overdraft where the rate is negative, 0.00% will be applied.
  • For the EUR Currency Call Instant Access account a rate of 0.00% is currently applied.
  • For any credit interest rates related to FED, please remember to deduct your margin from the rate shown above.
  • Should the USD FED rate minus your margin ever fall into a negative position, we retain the right to pass on any rate reductions or charges in the future as outlined in our terms & conditions.

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