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Currency accounts

Currency account interest rate
Australia - RBA cash rate
Canada - bank rate
Denmark - lending rate
Euro - marginal lending facility
Hong Kong - base rate / (=US Fed + 0.50% (where a range is quoted the highest rate utilised)
Japan - basic loan rate
New Zealand - official cash rate
Norway - overnight lending rate
Poland - reference rate
Singapore - 3 month Singapore Dollar SIBOR rate
South Africa - prime rate
Sweden - lending rate
Switzerland - SNB target rate (UBL Rate) / where a range is quoted the highest rate is utilised
USA - fed rate / where a range is quoted the highest rate is utilised

The planned borrowing debit interest will be charged at a Central Bank reference rate for the currency of your account (which may change daily) plus any applicable margin (which is set out in your facility letter). Details of the Central Bank Reference rates can be found from the following web site addresses or by contacting your relationship manager or store.

Credit interest may be paid at a fixed rate for the currency of your account. Any applicable credit interest is calculated on a daily basis on the cleared credit balance and if applicable paid quarterly on the 30th of March, June, September and December.

No credit interest will be applied to cleared credit balances in any approved currency in your currency account(s).