Commercial Foreign Currency Account & Euro Current Account Interest Rates

The below information applies to newly opened accounts, for information on existing accounts please request from your usual Bank contact. 

Credit Interest

Credit Interest is not payable on this account.

Debit Interest

For any unauthorised borrowing, the unauthorised borrowing interest rate will be linked to the currency’s external Reference Interest Rate + 12% margin.

  • Overdraft facilities available in most major currencies (subject to our normal lending criteria)
  • Overdrafts are subject to arrangement fees
  • The authorised borrowing margin is linked to the Reference Interest Rate

Interest will be calculated on either a 360 day year or a 365 day year depending on the currency involved in line with market convention. For further information please contact your relationship manager.

Reference Interest Rates

The Reference Interest Rate can vary either up or down on a daily basis. If the Reference Interest Rate falls below 0%, it will be treated as 0% until such time it exceeds 0%. For currencies not listed in the table below please contact your Relationship Manager.

Reference Interest Rates

Currency

Currency Code

Central Bank/Administrators

Reference Interest Rate available from

Reference Interest Rate

Currency

Australian Dollar

Currency Code

AUD

Central Bank/Administrators

Reserve Bank of Australia

Reference Interest Rate available from

Reference Interest Rate

RBA Interbank Overnight Cash Rate

Currency

Canadian Dollar

Currency Code

CAD

Central Bank/Administrators

Bank of Canada

Reference Interest Rate available from

Reference Interest Rate

Overnight Rate Target

Currency

Czech Republic Koruna

Currency Code

CZK

Central Bank/Administrators

Czech National Bank

Reference Interest Rate available from

Reference Interest Rate

Discount Rate

Currency

Danish Krone

Currency Code

DKK

Central Bank/Administrators

Danmarks Nationalbank

Reference Interest Rate available from

Reference Interest Rate


Certificates of Deposit Rate

Currency

Euro

Currency Code

EUR

Central Bank/Administrators

European Central Bank 

Reference Interest Rate available from

Reference Interest Rate

European Deposit Facility rate (EDF) 

Currency

Hong Kong Dollar

Currency Code

HKD

Central Bank/Administrators

The Hong Kong Association of Banks

Reference Interest Rate available from

Reference Interest Rate

HKAB Interest Settlement Overnight Rate

Currency

Hungarian Forint

Currency Code

HUF

Central Bank/Administrators

Magyar Nemzeti Bank

Reference Interest Rate available from

Reference Interest Rate

Base Rate

Currency

Israel Shekel

Currency Code

ILS

Central Bank/Administrators

Bank of Israel

Reference Interest Rate available from

Reference Interest Rate

Quoted Basic Interest Rate (Prime Rate)

Currency

Japanese Yen

Currency Code

JPY

Central Bank/Administrators

Bank of Japan

Reference Interest Rate available from

Reference Interest Rate

Uncollateralised Overnight Call Rate

Currency

Mexican Peso

Currency Code

MXN

Central Bank/Administrators

Banco de Mexico

Reference Interest Rate available from

Reference Interest Rate

Overnight Interest Rate Target

Currency

Moroccan Dirham

Currency Code

MAD

Central Bank/Administrators

Bank Al Maghrib

Reference Interest Rate available from

Reference Interest Rate

Key Rate

Currency

New Zealand Dollar

Currency Code

NZD

Central Bank/Administrators

Reserve Bank of New Zealand

Reference Interest Rate available from

Reference Interest Rate

Official Cash Rate

Currency

Norwegian Krone

Currency Code

NOK

Central Bank/Administrators

Norges Bank

Reference Interest Rate available from

Reference Interest Rate

Key Policy Rate

Currency

Polish Zloty

Currency Code

PLN

Central Bank/Administrators

Narodowy Bank Polski

Reference Interest Rate available from

Reference Interest Rate

Rediscount Rate

Currency

Qatari Riyal

Currency Code

QAR

Central Bank/Administrators

Qatar Central Bank

Reference Interest Rate available from

Reference Interest Rate

QMR Overnight Deposit

Currency

Saudi Riyal

Currency Code

SAR

Central Bank/Administrators

Saudi Arabian Monetary Authority

Reference Interest Rate available from

Reference Interest Rate

Official Repo Rate

Currency

Singapore Dollar

Currency Code

SGD

Central Bank/Administrators

Monetary Authority of Singapore

Reference Interest Rate available from

Reference Interest Rate

Singapore Overnight Rate Average (SORA)

Currency

South African Rand

Currency Code

ZAR

Central Bank/Administrators

South African Reserve Bank

Reference Interest Rate available from

Reference Interest Rate

Repo Rate

Currency

Swedish Krona

Currency Code

SEK

Central Bank/Administrators

Sveriges Riksbank

Reference Interest Rate available from

Reference Interest Rate

Repo Rate

Currency

Swiss Franc

Currency Code

CHF

Central Bank/Administrators

Swiss National Bank

Reference Interest Rate available from

Reference Interest Rate

Swiss Average Rate Overnight (SARON)

Currency

Thai Baht

Currency Code

THB

Central Bank/Administrators

Bank of Thailand

Reference Interest Rate available from

Reference Interest Rate

One Day Repurchase Rate

Currency

Turkey New Lira

Currency Code

TRY

Central Bank/Administrators

Central Bank of the Republic of Turkey

Reference Interest Rate available from

Reference Interest Rate

One Week Repo Rate

Currency

UAE Dirham

Currency Code

AED

Central Bank/Administrators

Central Bank of the UAE

Reference Interest Rate available from

Please refer to your RM

Reference Interest Rate

Overnight Repurchase Rate

Currency

US Dollar

Currency Code

USD

Central Bank/Administrators

The Federal Reserve

Reference Interest Rate available from

Reference Interest Rate

Federal Funds Target Rate (Upper Bound)

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Important Legal Information

Lloyds Bank is a trading name of Lloyds Bank plc, Bank of Scotland plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc. Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no.2065. Bank of Scotland plc. Registered Office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland no. SC327000. Lloyds Bank Corporate Markets plc. Registered office 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 10399850. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278, 169628 and 763256 respectively.

The products and services outlined on this site may be offered by legal entities from across Lloyds Banking Group, including Lloyds Bank plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc and Lloyds Bank Corporate Markets plc are separate legal entities within the Lloyds Banking Group.

Calls may be monitored or recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service.

Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered.