Interest Paying Current Account
Currency accounts
Take your currency management a step further with our Interest-Paying Current Account. You retain all the flexibility of a working capital account with the added benefit of interest on credit balances.
As well as instant access to your funds, your company will benefit from banded rates of interest that reflect the size of your balance.
A minimum deposit, which will depend on the currency of the account, is needed to open this account.
Key Benefits
- Choice of currencies - select a currency that suits your business' banking needs
- Banded interest rates - subject to market conditions, your business will earn higher returns on larger balances
- Avoid FX risks and costs - holding currency on deposit will mitigate your foreign exchange risks and expenses
- Transparent costs - there is a standard transaction charge and a monthly maintenance charge
US Dollar (USD)
| Balance | Gross Rate % |
|---|---|
| 1,000 - 100,000 | 0.05 |
| 100,001 - 500,000 | 0.05 |
| 500,001 - 1,000,000 | 0.05 |
| 1,000,001 - 3,000,000 | 0.05 |
| 3,000,001 + | 0.05 |
US Dollar rates effective from 1st May 2008
US Rate (Fed Funds) 2.00%
Euro (EUR)
| Balance | Gross Rate % |
|---|---|
| 1,500 - 100,000 | 0.750 |
| 100,001 - 500,000 | 0.800 |
| 500,001 - 1,000,000 | 0.850 |
| 1,000,001 - 3,000,000 | 0.950 |
| 3,000,001 + | 1.000 |
Euro rates effective from 9th July 2008
ECB Rate (Refi) 4.25%
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