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.
Calculator

Current base rate (%) figures last updated on 7th May 2021

CurrencyCodeRate usedCentral bank websiteCurrent base rate (%)*
UAE dirhamAEDAE Repo Ratewww.centralbank.ae/en0.6000
Australian dollarAUDAU Target Cash Ratewww.rba.gov.au/0.1000
Canadian dollarCADCA Target ON Ratewww.bankofcanada.ca/0.2500
Swiss francCHFSNB Policy Ratewww.snb.ch/en/-0.7500
Chinese renminbiCNYChinese Renminbi Domestic Interest Ratewww.boc.cn/en2.2500
Czech korunaCZKCZ 2W Repo Ratewww.cnb.cz/0.2500
Danish kroneDKKDK Lending Ratewww.nationalbanken.dk-0.3500
EuroEURECB Refinancing Ratewww.ecb.europa.eu0.0000
Hong Kong dollarHKDHK Base Ratewww.hkma.gov.hk0.5000
Hungarian forintHUFHU Base Ratewww.mnb.hu0.6000
Israeli shekelILSIL Benchmark Interest Ratewww.boi.org.il/en0.1000
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/1.5000
Mexican pesoMXNMX Target Ratewww.banxico.org.mx/4.0000
Norwegian kroneNOKNorwegian Krone Domestic Interest Ratewww.norges-bank.no/en/0.0000
New Zealand dollarNZDNZ Cash Ratewww.rbnz.govt.nz/0.2500
Philippine pesoPHPPhilippine Peso Overnight Bond Repowww.bsp.gov.ph/2.0000
Polish zlotyPLNPL Reference Ratewww.nbp.pl/0.1000
Qatari rialQARQA Lending Facilitywww.qcb.gov.qa2.5000
Romanian leuRONRO Monetary Policy Ratewww.bnr.ro1.2500
Saudi riyalSARSaudi Arabian Riyal 6 month SAIBORwww.sama.gov.sa0.8414
Swedish kroneSEKSweden Repo Ratewww.riksbank.se/en-gb/0.0000
Singapore dollarSGDSingapore Dollar Domestic Interest Ratewww.mas.gov.sg/0.0815
Thai bahtTHBTH Policy Ratewww.bot.or.th/English0.5000
Turkish liraTRYTurkish Lira Central Bank Repowww.tcmb.gov.uk19.0000
US dollar USDUS Federal Funds Target Ratewww.newyorkfed.org/0.2500
South African randZARSouth African Rand Bond Repowww.resbank.co.za3.5000

 

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.