Currency deposit accounts
These accounts are no longer available for new customers.
Current interest rates
With effect from 6 December 2019, we no longer pay interest on our off-sale currency deposit accounts*
*Our off-sale currency deposit accounts are all accounts with the exception of the Euro Savings Account and the US Dollar Currency Deposit Account.
More information
Mortgage offset: |
No |
Interest rate: |
Rates are variable. Interest is calculated based on a 360-day year, with the exception of the South African rand, where interest is calculated on a 365-day year. Interest is calculated daily on the cleared credit balance on the account and will be applied on the standard quarterly settlement dates in March, June, September and December. |
Gross: |
The rate of interest payable without tax taken off. |
Tax: |
Interest is paid gross. If you’re a UK taxpayer, you may have to pay tax on interest earned in excess of your Personal Savings Allowance. For information and guidance please refer to the HMRC website. Please note, it’s your responsibility to ensure that any tax due on interest payments received is paid to the appropriate tax authority. |
AER: |
Annual Equivalent Rate. This illustrates what the interest rate would be if interest was paid and compounded once each year. |
For more information, download our guide to rates for savers [PDF, 218KB], which covers accounts that are no longer available. These rates are in addition to the general conditions of your Customer Agreement with us.
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Read important information about our interest rates, the Financial Services Compensation Scheme, and your cancellation rights.