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Payment account rates

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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.

Currency Pair Our Reference Rate Last updated*
EUR/GBP 0.911527 15:11 - 20/10/2020
GBP/CHF 1.176935 15:11 - 20/10/2020

*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

Our interest rates for the following account types on balances above £/€10,000 (depending on account currency) are as follows:

Account Type Contractual Interest Rate Actual Rate* Date
Special Accounts (£) 0.000000 0.000000 20/10/2020
Deposit Reserve (€) 0.000000 0.000000 20/10/2020

*Our actual interest rate may be improved for you relative to our contractually defined interest rate without notice, depending on market conditions. 

Better rates may be available for amounts of €50,000 or above. For details of margin tiers on larger amounts, see our rate schedule.

Interest is not paid on balances below £/€10,000. 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. Our interest rates for Deposit Reserve Accounts in other currencies and for other account types are available on request from your usual contact and will be shown on your regular account statements where applicable.

Errors & Omissions excepted: 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. Please refer to our Terms of Business, in particular paragraph A11.