Payment account rates
Foreign exchange
Our illustrative foreign exchange conversion rates for the following currency pairs (before applicable margin) are as below however foreign exchange transactions are executed at the prevailing market exchange rate and the rate will be provided at the time of dealing.
*UK Local time
Our exchange rates for currency conversions arising from corporate actions (including but not limited to dividends) and standing orders are priced automatically using a reference exchange rate as fixed by us from market price sources, with the relevant margin applied.
For FX Transactions involving currencies that we do not execute as principal or which are executed by a third party broker in connection with a security transaction, the currency is bought or sold by our global sub-custodian (which may be an Associate), or the broker, at prevailing market rates with their margin or bid/offer spread applied.
Please refer to your Terms of Business for details regarding the calculation of and changes to our exchange rates in relation to Payment Accounts and to our tariff of charges for applicable margin tiers and details of any applicable charges.
Deposit interest rates
Interest rates effective up to 1st May 2026 (subject to reference rates):
Currency | Reference rate (as at 20 January 2026) | Margin (% pa) | Interest rate paid (% pa) |
|---|---|---|---|
GBP | Bank of England bank rate (also known as base rate) currently 3.75% p.a. | 0.50 | 3.25 |
USD | Federal Funds target rate – Upper bound currently 3.75% p.a. | 0.50 | 3.25 |
EUR | European Central Bank deposit facility rate currently 2.00% p.a. | 0.50 | 1.50 |
Indicative interest rates effective from 1st May 2026 (subject to reference rates):
Currency | Marginal Balance* | Managed Portfolios (AER %**) | Execution Only Portfolios (AER %**) |
|---|---|---|---|
GBP (Bank of England bank rate (also known as base rate) | Above 250,000 | 3.25% | 2.75% |
50,000-250,000 | 2.75% | 2.25% | |
0-50,000 | 2.00% | 1.50% | |
USD (Federal Funds target rate – lower bound) | Above 250,000 | 3.00% | 2.50% |
50,000-250,000 | 2.50% | 2.00% | |
0-50,000 | 1.75% | 1.25% | |
EUR (European Central Bank deposit facility rate) | Above 250,000 | 1.50% | 1.00% |
50,000–250,000 | 1.00% | 0.50% | |
0–50,000 | 0.25% | 0.00% |
The rate that applies will depend on whether your portfolio is a “Managed Portfolio” or an “Execution Only” Portfolio. A Managed Portfolio means a portfolio managed on a discretionary or advisory basis or where you receive our cash administration service.
* Interest is paid on a tiered basis. Each tier has its own rate, and only the portion of your balance within a tier earns that tier’s rate. When your balance increases (the “Marginal Balance”), the higher rate applies only to the portion above the lower tier.
**AER stands for ‘Annual Equivalent Rate’ and shows what the interest rate would be if interest was paid and compounded once each year. ‘Compounded’ refers to interest being added on to previously earned interest. AER can help you compare interest rates on different accounts, regardless of how often interest is added to the account.
For details of our debit rates, see our rate schedule.
There is no minimum balance required to earn interest on GBP, EUR and USD accounts. Please refer to your Terms of Business for details regarding the calculation of and changes to our interest rates. Please refer to our tariff of charges for details of any applicable charges.
Please note that these rates apply to only cash with Schroder & Co. Limited for you (or for your order) with the exception of non-interest-bearing current accounts.
While we take great care to ensure this website accurately reflects our current rates, it is possible occasional input errors, technical problems or disruptions beyond our control may occur, in which case we shall not be bound to apply the erroneous rate shown nor be liable for any loss arising, provided this is fair in light of prevailing market rates and relevant communications between us.