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 14 February 2020

CurrencyCodeRate usedCentral bank websiteCurrent base rate (%)*
UAE DirhamAEDAE Repo Ratewww.centralbank.ae/en/2.0000
Australian DollarAUDAU Target Cash Ratewww.rba.gov.au/0.7500
Canadian DollarCADCA Target ON Ratewww.bankofcanada.ca/1.7500
Swiss FrancCHFSwiss Franc 3 Month Target LIBOR Ratewww.snb.ch/en/-0.7500
Chinese RenminbiCNYChinese Renminbi Domestic Interest Ratewww.boc.cn/en4.3500
Czech korunaCZKCZ 2W Repo Ratewww.cnb.cz/2.2500
Danish KroneDKKDK Lending Ratewww.nationalbanken.dk0.0500
EuroEURECB Refinancing Ratewww.ecb.europa.eu0.0000
Hong Kong DollarHKDHK Base Ratewww.hkma.gov.hk2.0000
Hungarian forintHUFHU Base Ratewww.mnb.hu0.9000
Israeli shekelILSIL Benchmark Interest Ratewww.boi.org.il/en0.2500
Indian RupeeINRIN Repo Rate Liquidity Adjustment Facilitywww.rbi.org.in/ 5.1500
Japanese YenJPYBank Of Japan FX Policy Rate Balancewww.boj.or.jp-0.1000
Moroccan DirhamMADMA Monetary Policy Ratewww.bkam.ma/2.2500
Mexican pesoMXNMX Target Ratewww.banxico.org.mx/7.0000
Norwegian KroneNOKNorwegian Krone Domestic Interest Ratewww.norges-bank.no/en/1.5000
New Zealand DollarNZDNZ Cash Ratewww.rbnz.govt.nz/1.0000
Philippine PesoPHPPhilippine Peso Overnight Bond Repowww.bsp.gov.ph/3.7500
Polish ZlotyPLNPL Reference Ratewww.nbp.pl/1.5000
Qatari RialQARQA Lending Facilitywww.qcb.gov.qa4.2500
Romanian LeuRONRO Monetary Policy Ratewww.bnr.ro2.5000
Saudi RiyalSARSaudi Arabian Riyal        6 month SAIBORwww.sama.gov.sa2.1643
Swedish KroneSEKSweden Repo Ratewww.riksbank.se/en-gb/0.0000
Singapore DollarSGDSingapore Dollar Domestic Interest Ratewww.mas.gov.sg/0.9036
Thai BahtTHBTH Policy Ratewww.bot.or.th/English1.0000
US DollarUSDUS Federal Funds Target Ratewww.newyorkfed.org/1.7500
Turkish LiraTRYTurkish Lira Centra Bank Repowww.tcmb.gov.uk11.2500
South African RandZARSouth African Rand Bond Repowww.resbank.co.za6.2500

NOTES

  • 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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