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Business Currency Reserve Account
International currency instant access deposit account
Why choose a Business Currency Reserve account?
Enjoy instant access to your funds as you accrue interest (subject to market conditions). We adjust interest rates to reflect the size of your balance. You'll need a minimum deposit (dependent upon currency) to open the account.
Banded Interest rates (See the current rates below)
Transfer money electronically using Bankline.
Make payments worldwide.
Clear charges. There are standard transaction charges
Choice of currencies. Select the currency that best suits your business' needs
Avoid foreign exchange risks and cost. Holding currency on deposit will mitigate your foreign exchange risks and expenses
Product factsheet
An instant access deposit account that helps you manage surplus cash while improving your rate of return in a range of international currencies.
Interest rates
Interest rates are subject to variation. Interest is paid quarterly.
Currency
Australian Dollars (Corporates / NBFI*)
Australian Dollars (Financial Institutions)
Australian Dollars (Corporates / NBFI*)
Australian Dollars (Financial Institutions)
Rates valid
Up to 6th October 2020
Up to 6th October 2020
From 7th October 2020
From 7th October 2020
Balance
0+
0+
0+
0+
AER
0.35%
0.00%
0.01%
0.00%
Gross rate p.a.
0.35%
0.00%
0.01%
0.00%
Rates correct as at 4th August 2020.
* Non-Bank Financial Institutions
Currency
Canadian Dollars (Corporates / NBFI*)
Canadian Dollars (Financial Institutions)
Canadian Dollars (Corporates / NBFI*)
Canadian Dollars (Financial Institutions)
Rates valid
Up to 6th October 2020
Up to 6th October 2020
From 7th October 2020
From 7th October 2020
Balance
0+
0+
0+
0+
AER
1.15%
0.00%
0.01%
0.00%
Gross rate p.a.
1.15%
0.00%
0.01%
0.00%
Rates correct as at 4th August 2020.
* Non-Bank Financial Institutions
Currency
Danish Krone (Corporates)
Danish Krone (Non-Bank / Financial Institutions)
Rates valid
From 12th Feb 2018
From 12th Feb 2018
Balance
0+
0+
AER
0.00%
-0.95%
Gross rate p.a.
0.00%
-0.95%
Rates correct as at 4th August 2020.
Currency
Euros (Corporates)
Euros (Financial Institutions)
Euros (Non-Bank Financial Institutions)
Rates valid
From 2nd Dec 2019
From 2nd Dec 2019
From 2nd Dec 2019
Balance
0+
0+
0+
AER
0.00%
-0.75%
-0.60%
Gross rate p.a.
0.00%
-0.75%
-0.60%
Rates correct as at 4th August 2020.
Currency
Hong Kong Dollars
Rates valid
From 10th July 2017
Balance
0+
AER
0.00%
Gross rate p.a.
0.00%
Rates correct as at 4th August 2020.
Currency
Japanese Yen (Corporates)
Japanese Yen (Non-Bank / Financial Institutions)
Rates valid
From 12th Feb 2017
From 12th Feb 2017
Balance
0+
0+
AER
0.00%
-0.20%
Gross rate p.a.
0.00%
-0.20%
Rates correct as at 4th August 2020.
Currency
New Zealand Dollars (Corporates / NBFI*)
New Zealand Dollars (Financial Institutions)
New Zealand Dollars (Corporates / NBFI*)
New Zealand Dollars (Financial Institutions)
Rates valid
Up to 6th October 2020
Up to 6th October 2020
From 7th October 2020
From 7th October 2020
Balance
0+
0+
0+
0+
AER
0.35%
0.00%
0.01%
0.00%
Gross rate p.a.
0.35%
0.00%
0.01%
0.00%
Rates correct as at 4th August 2020.
* Non-Bank Financial Institutions
Currency
Norwegian Krone (Corporates / NBFI*)
Norwegian Krone (Financial Institutions)
Norwegian Krone (Corporates / NBFI*)
Norwegian Krone (Financial Institutions)
Rates valid
Up to 6th October 2020
Up to 6th October 2020
From 7th October 2020
From 7th October 2020
Balance
0+
0+
0+
0+
AER
0.35%
0.00%
0.00%
0.00%
Gross rate p.a.
0.35%
0.00%
0.00%
0.00%
Rates correct as at 4th August 2020.
* Non-Bank Financial Institutions
Currency
Singapore Dollars
Rates valid
From 10th July 2017
Balance
0+
AER
0.00%
Gross rate p.a.
0.00%
Rates correct as at 4th August 2020.
Currency
South African Rand (Corporates / NBFI*)
South African Rand (Financial Institutions)
South African Rand (Corporates / NBFI*)
South African Rand (Financial Institutions)
Rates valid
Up to 6th October 2020
Up to 6th October 2020
From 7th October 2020
From 7th October 2020
Balance
0+
0+
0+
0+
AER
2.98%
0.00%
2.73%
0.00%
Gross rate p.a.
2.95%
0.00%
2.70%
0.00%
Rates correct as at 4th August 2020.
* Non-Bank Financial Institutions
Currency
Swedish Krona (Corporates)
Swedish Krona (NBFI*)
Swedish Krona (Financial Institutions)
Rates valid
From 10th August 2020
From 10th August 2020
From 10th August 2020
Balance
0+
0+
0+
AER
0.00%
-0.20%
-0.25%
Gross rate p.a.
0.00%
-0.20%
-0.25%
Rates correct as at 10th August 2020.
* Non-Bank Financial Institutions
Currency
Swiss Francs (Corporates)
Swiss Francs (Non-Bank / Financial Institutions)
Rates valid
From 12th Feb 2018
From 12th Feb 2018
Balance
0+
0+
AER
0.00%
-0.95%
Gross rate p.a.
0.00%
-0.95%
Rates correct as at 4th August 2020.
Currency
US Dollars (Corporates)
US Dollars (Non-Bank Financial Institutions)
US Dollars (Financial Institutions)
Rates valid
From 1st June 2020
From 1st June 2020
From 1st June 2020
Balance
0+
0+
0+
AER
0.01%
0.01%
0.00%
Gross rate p.a.
0.01%
0.01%
0.00%
Rates correct as at 4th August 2020.
Annual Equivalent Rate (AER): this is a notional rate used for interest bearing accounts, which illustrates the interest rate if paid and compounded each year. It helps you to compare the effective rates of credit interest on different accounts.
Gross rate: This means the interest rate you are paid without the deduction of UK income tax.