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Commercial Foreign Currency Account & Euro Current Account Interest Rates

  • 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

    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

    Reference Interest Rate available from

    Reference Interest Rate

    Currency

    Australian Dollar

    Currency Code

    AUD

    Central Bank

    Reserve Bank of Australia

    Reference Interest Rate available from

    Reference Interest Rate

    Cash Rate

    Currency

    Canadian Dollar

    Currency Code

    CAD

    Central Bank

    Bank of Canada

    Reference Interest Rate available from

    Reference Interest Rate

    Overnight Rate Target

    Currency

    Czech Republic Koruna

    Currency Code

    CZK

    Central Bank

    Czech National Bank

    Reference Interest Rate available from

    Reference Interest Rate

    Discount Rate

    Currency

    Danish Krone

    Currency Code

    DKK

    Central Bank

    Danmarks Nationalbank

    Reference Interest Rate available from

    Reference Interest Rate


    Certificates of Deposit Rate

    Currency

    Euro

    Currency Code

    EUR

    Central Bank

    European Central Bank

    Reference Interest Rate available from

    Reference Interest Rate

    European Central Bank

    Currency

    Hong Kong Dollar

    Currency Code

    HKD

    Central Bank

    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

    Magyar Nemzeti Bank

    Reference Interest Rate available from

    Reference Interest Rate

    Base Rate

    Currency

    Israel Shekel

    Currency Code

    ILS

    Central Bank

    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

    Bank of Japan

    Reference Interest Rate available from

    Reference Interest Rate

    Uncollateralised Overnight Call Rate

    Currency

    Mexican Peso

    Currency Code

    MXN

    Central Bank

    Banco de Mexico

    Reference Interest Rate available from

    Reference Interest Rate


    Overnight Interest Rate Target

    Currency

    Moroccan Dirham

    Currency Code

    MAD

    Central Bank

    Bank Al Maghrib

    Reference Interest Rate available from

    Reference Interest Rate

    Key Rate

    Currency

    New Zealand Dollar

    Currency Code

    NZD

    Central Bank

    Reserve Bank of New Zealand

    Reference Interest Rate available from

    Reference Interest Rate

    Official Cash Rate

    Currency

    Norwegian Krone

    Currency Code

    NOK

    Central Bank

    Norges Bank

    Reference Interest Rate available from

    Reference Interest Rate

    Key Policy Rate

    Currency

    Polish Zloty

    Currency Code

    PLN

    Central Bank

    Narodowy Bank Polski

    Reference Interest Rate available from

    Reference Interest Rate

    Rediscount Rate

    Currency

    Qatari Riyal

    Currency Code

    QAR

    Central Bank

    Qatar Central Bank

    Reference Interest Rate available from

    Reference Interest Rate

    QMR Overnight Deposit

    Currency

    Saudi Arabian Riyal

    Currency Code

    SAR

    Central Bank

    Saudi Arabian Monetary Authority

    Reference Interest Rate available from

    Reference Interest Rate

    Official Repo Rate

    Currency

    Singapore Dollar

    Currency Code

    SGD

    Central Bank

    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

    South African Reserve Bank

    Reference Interest Rate available from

    Reference Interest Rate

    Repo Rate

    Currency

    Swedish Krone

    Currency Code

    SEK

    Central Bank

    Sveriges Riksbank

    Reference Interest Rate available from

    Reference Interest Rate


    Repo Rate

    Currency

    Swiss Franc

    Currency Code

    CHF

    Central Bank

    Swiss National Bank

    Reference Interest Rate available from

    Reference Interest Rate

    Swiss Average Rate Overnight (SARON)

    Currency

    Thai Baht

    Currency Code

    THB

    Central Bank

    Bank of Thailand

    Reference Interest Rate available from

    Reference Interest Rate

    One Day Repurchase Rate

    Currency

    Turkey New Lira

    Currency Code

    TRY

    Central Bank

    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

    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

    Federal Reserve Bank of NY

    Reference Interest Rate available from

    Reference Interest Rate

    Federal Funds Target Rate (Upper Bound)

  • Credit Interest

    The Credit Reference Rate is the rate currency accounts are linked to for credit interest and is set at 0.25% below the Reference Interest Rate (if the Reference Interest Rate falls below 0%, it will be treated as 0% until such time it exceeds 0%).

    The appropriate credit interest rate margin is then applied.

    For information on the Credit Interest Tiers please refer to our Currency Account Credit Interest Tiers.

    Debit Interest

    For any unauthorised borrowing, the unauthorised borrowing interest rate will be the Debit Reference Rate of the account’s currency + 12% margin.

    As of 29th November 2019 the Debit Reference Rate is equal to the Reference Interest Rate (if the Reference Interest Rate falls below 0%, it will be treated as 0% until such time it exceeds 0%).

    • 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 Debit Reference Rate

    Reference Interest Rates

    For information on the Reference Interest Rates for our major currencies please refer to our Reference Interest Rates schedule. 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 schedule please contact your Relationship Manager.

  • Credit Interest

    Euro Current Account & Euro Call Account

    Credit interest is linked to the Euro Overnight Index Average (EONIA®).

    Credit interest is paid on a seven tiered tranche as follows:-

    Euro Current Account & Euro Call Account Credit Interest Tiers

    Credit Interest Rate Tiers (denominated in GBP Sterling)

    Credit Interest Rate Margin

    Credit Interest Rate Tiers (denominated in GBP Sterling)

    <£3,000

    Credit Interest Rate Margin

    No interest paid

    Credit Interest Rate Tiers (denominated in GBP Sterling)

    £3,000 - £19,999

    Credit Interest Rate Margin

    -3.50%

    Credit Interest Rate Tiers (denominated in GBP Sterling)

    £20,000 - £39,999

    Credit Interest Rate Margin

    -2.50%

    Credit Interest Rate Tiers (denominated in GBP Sterling)

    £40,000 - £79,999

    Credit Interest Rate Margin

    -1.50%

    Credit Interest Rate Tiers (denominated in GBP Sterling)

    £80,000 - £199,999

    Credit Interest Rate Margin

    -1.00%

    Credit Interest Rate Tiers (denominated in GBP Sterling)

    £200,000 - £399,999

    Credit Interest Rate Margin

    -0.50%

    Credit Interest Rate Tiers (denominated in GBP Sterling)

    £400,000 - £799,999

    Credit Interest Rate Margin

    -0.25%

    Credit Interest Rate Tiers (denominated in GBP Sterling)

    £800,000+

    Credit Interest Rate Margin

    Full rate

    The EONIA rate can be obtained from a number of independent sources including the Financial Times.

    US Dollar Currency Account

    Credit interest is linked to the Federal Funds Target Rate (Upper Bound).

    Credit interest is paid on a seven tiered tranche as follows:-

    US Dollar Currency Account Credit Interest Tiers

    Credit Interest Rate Tiers (denominated in GBP Sterling)

    Credit Interest Rate Margin

    Credit Interest Rate Tiers (denominated in GBP Sterling)

    <£3,000

    Credit Interest Rate Margin

    No interest paid

    Credit Interest Rate Tiers (denominated in GBP Sterling)

    £3,000 - £19,999

    Credit Interest Rate Margin

    -3.50%

    Credit Interest Rate Tiers (denominated in GBP Sterling)

    £20,000 - £39,999

    Credit Interest Rate Margin

    -2.50%

    Credit Interest Rate Tiers (denominated in GBP Sterling)

    £40,000 - £79,999

    Credit Interest Rate Margin

    -1.50%

    Credit Interest Rate Tiers (denominated in GBP Sterling)

    £80,000 - £199,999

    Credit Interest Rate Margin

    -1.00%

    Credit Interest Rate Tiers (denominated in GBP Sterling)

    £200,000 - £399,999

    Credit Interest Rate Margin

    -0.50%

    Credit Interest Rate Tiers (denominated in GBP Sterling)

    £400,000 - £799,999

    Credit Interest Rate Margin

    -0.25%

    Credit Interest Rate Tiers (denominated in GBP Sterling)

    £800,000+

    Credit Interest Rate Margin

    Full rate

    The Federal Funds Target Rate (Upper Bound) can be obtained from a number of independent sources including the Financial Times.

    Other (Non-Euro or US Dollar) Foreign Currency Account

    The Reference Interest Rate is the rate currency accounts are linked to for credit interest.

    Credit interest is paid on a seven tiered tranche as follows:-

    Other (Non-Euro or US Dollar) Foreign Currency Account Credit Interest Tiers

    Credit Interest Rate Tiers (denominated in GBP Sterling)

    Credit Interest Rate Margin

    Credit Interest Rate Tiers (denominated in GBP Sterling)

    <£3,000

    Credit Interest Rate Margin

    No interest paid

    Credit Interest Rate Tiers (denominated in GBP Sterling)

    £3,000 - £19,999

    Credit Interest Rate Margin

    -3.50%

    Credit Interest Rate Tiers (denominated in GBP Sterling)

    £20,000 - £39,999

    Credit Interest Rate Margin

    -2.50%

    Credit Interest Rate Tiers (denominated in GBP Sterling)

    £40,000 - £79,999

    Credit Interest Rate Margin

    -1.50%

    Credit Interest Rate Tiers (denominated in GBP Sterling)

    £80,000 - £199,999

    Credit Interest Rate Margin

    -1.00%

    Credit Interest Rate Tiers (denominated in GBP Sterling)

    £200,000 - £399,999

    Credit Interest Rate Margin

    -0.50%

    Credit Interest Rate Tiers (denominated in GBP Sterling)

    £400,000 - £799,999

    Credit Interest Rate Margin

    -0.25%

    Credit Interest Rate Tiers (denominated in GBP Sterling)

    £800,000+

    Credit Interest Rate Margin

    Full rate

    Exchange Rates (PDF) (For use with Credit Interest Rate Tiers denominated in GBP Sterling - see above).

    Debit Interest

    Overdraft facilities available in most major currencies (subject to our normal lending criteria).

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

    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%.

    If you would like to know the Reference Interest Rate for your currency account and where this is sourced, please see our Reference Interest Rate Schedule (PDF). or contact your Relationship Manager.

    For currencies not listed in the Reference Interest Rate schedule please contact your Relationship Manager.

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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.

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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.