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 11 September 2020

Currency Code Rate used Central bank website Current base rate (%)*
UAE Dirham AED AE Repo Rate www.centralbank.ae/en/ 0.6000
Australian Dollar AUD AU Target Cash Rate www.rba.gov.au/ 0.2500
Canadian Dollar CAD CA Target ON Rate www.bankofcanada.ca/ 0.2500
Swiss Franc CHF SNB Policy Rate www.snb.ch/en/ -0.7500
Chinese Renminbi CNY Chinese Renminbi Domestic Interest Rate www.boc.cn/en 2.2500
Czech Koruna CZK CZ 2W Repo Rate www.cnb.cz/

0.2500

Danish Krone DKK DK Lending Rate www.nationalbanken.dk 0.0500
Euro EUR ECB Refinancing Rate www.ecb.europa.eu 0.0000
Hong Kong Dollar HKD HK Base Rate www.hkma.gov.hk 0.5000
Hungarian forint HUF HU Base Rate www.mnb.hu 0.6000
Israeli shekel ILS IL Benchmark Interest Rate www.boi.org.il/en 0.1000
Indian Rupee INR IN Repo Rate Liquidity Adjustment Facility www.rbi.org.in/ 5.1500
Japanese Yen JPY Bank Of Japan FX Policy Rate Balance www.boj.or.jp -0.1000
Moroccan Dirham MAD MA Monetary Policy Rate www.bkam.ma/ 1.5000
Mexican peso MXN MX Target Rate www.banxico.org.mx/ 4.5000
Norwegian Krone NOK Norwegian Krone Domestic Interest Rate www.norges-bank.no/en/ 0.0000
New Zealand Dollar NZD NZ Cash Rate www.rbnz.govt.nz/ 0.2500
Philippine Peso PHP Philippine Peso Overnight Bond Repo www.bsp.gov.ph/ 2.2500
Polish Zloty PLN PL Reference Rate www.nbp.pl/ 0.1000
Qatari Rial QAR QA Lending Facility www.qcb.gov.qa 2.5000
Romanian Leu RON RO Monetary Policy Rate www.bnr.ro 1.5000
Saudi Riyal SAR Saudi Arabian Riyal 6    month SAIBOR www.sama.gov.sa 0.9388
Swedish Krone SEK Sweden Repo Rate www.riksbank.se/en-gb/ 0.0000
Singapore Dollar SGD Singapore Dollar Domestic Interest Rate www.mas.gov.sg/

0.0836

Thai Baht THB TH Policy Rate www.bot.or.th/English 0.5000
Turkish Lira TRY Turkish Lira Central Bank Repo www.tcmb.gov.uk 8.2500
US Dollar USD US Federal Funds Target Rate www.newyorkfed.org/ 0.2500
South African Rand ZAR South African Rand Bond Repo www.resbank.co.za

3.5000

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.

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