Currency call deposit account | Royal Bank of Scotland

Currency Call Deposit Account

Earn interest on surplus funds with our Currency Call Deposit Account

Contact us

Get in touch

 

New customers

To discuss your unique banking needs, please call SolutionsLine on:

0800 210 0235
Text Relay 18001 0800 210 0235
Mon to Fri 9am-5.30pm (excl. public holidays)
Calls may be recorded.

Existing customers

Please contact your relationship manager.

Why choose a Currency Call Deposit account?

Enjoy instant access to your funds as you accrue interest (subject to market conditions).  We adjust interest rates to reflect the size of your balance. You'll need a minimum deposit (dependent upon currency) to open the account.

Banded Interest rates

(See the current rates below).

Transfer money electronically

Using Bankline.

International payments

Make payments worldwide.

Clear charges

There are standard transaction charges.

Choice of currencies

Select the currency that best suits your business' needs.

Avoid foreign exchange risks and cost

Holding currency on deposit will mitigate your foreign exchange risks and expenses.

Interest rates

Interest rates are subject to variation. Interest is paid quarterly.

  • Current rates

  • Future rates

Current rates

United States Dollar (USD)

Balance Range  Gross Rate p.a. AER

$3,000,001 +

0.75%

0.75%

$1,000,001 - $3,000,000

0.75%

0.75%

$500,001 - $1,000,000

0.75%

0.75%

$100,001 - $500,000

0.75%

0.75%

$0 - $100,000

0.75%

0.75%

US Dollar rate correct as at 15th June 2017

Reference Rate 1.25%

United States Dollar (USD) – Non-Bank Financial Institutions only.

Balance Range  Gross Rate p.a. AER

$3,000,001 +

0.60%

0.60%

$1,000,001 - $3,000,000

0.60%

0.60%

$500,001 - $1,000,000

0.60%

0.60%

$100,001 - $500,000

0.60%

0.60%

$0 - $100,000

0.60%

0.60%

US Dollar rate correct as at 15th June 2017

Reference Rate 1.25%

Euro (EUR)

Balance Range Gross Rate p.a. AER

€3,000,001 +

0.050%

0.050%

€1,000,001 - €3,000,000

0.050%

0.050%

€500,001 - €1,000,000

0.050%

0.050%

€100,001 - €500,000

0.050%

0.050%

€0 - €100,000

0.050%

0.050%

Euro rate correct as at 16th March 2016

Reference Rate 0.00%

Canadian Dollar (CAD)

Balance Range Gross Rate p.a. AER

3,600,001 +

0.20%

0.20%

1,200,001 - 3,600,000

0.10%

0.10%

600,001 - 1,200,000

0.10%

0.10%

120,001 - 600,000

0.10%

0.10%

0 - 120,000

0.00%

0.00%

Canadian Dollar rate correct as at 16th July 2015.

Reference Rate 0.40%

Australian Dollar (AUD)

Balance Range Gross Rate p.a. AER

3,500,001 +

2.25%

2.27%

1,170,001 - 3,500,000

2.10%

2.12%

600,001 - 1,170,000

1.85%

1.86%

120,001 - 600,000

1.60%

1.61%

0 - 120,000

1.35%

1.36%

Australian Dollar rate correct as at 27th September 2016

Reference Rate 0.75%

Swiss Franc (CHF)

Balance Range  Gross Rate p.a. AER

4,515,001 +

0.000%

0.000%

1,500,001 - 4,515,000

0.000%

0.000%

752,001 - 1,500,000

0.000%

0.000%

150,001 - 752,000

0.000%

0.000%

0 - 150,000

0.000%

0.000%

Swiss Franc rate correct as at 13th March 2009

Reference Rate 0.00%

Japanese Yen (JPY)

Balance Range  Gross Rate p.a. AER

3,500,001 +

0.000%

0.000%

1,170,001 - 3,500,000

0.000%

0.000%

600,001 - 1,170,000

0.000%

0.000%

120,001 - 600,000

0.000%

0.000%

0 - 120,000

0.000%

0.000%

Japanese Yen rate correct as at 5th December 2008

Reference Rate 0.000%

Hong Kong Dollar (HKD)

Balance Range  Gross Rate p.a. AER

23,400,001 +

0.000%

0.000%

7,800,001 - 23,400,000

0.000%

0.000%

3,900,001 - 7,800,000

0.000%

0.000%

780,001 - 3,900,000

0.000%

0.000%

0 - 780,000

0.000%

0.000%

Hong Kong Dollar rate correct as at 18th December 2008

Reference Rate 0.000%

Swedish Krona (SEK)

Balance Range Gross Rate p.a. AER

18,450,001 +

0.65%

0.65%

6,750,001 - 18,450,000

0.55%

0.55%

3,075,001 - 6,750,000

0.50%

0.50%

615,001 - 3,075,000

0.45%

0.45%

0 - 615,000

0.30%

0.30%

Swedish Krona rate correct as at 9th July 2014

Reference Rate 0.00%

Danish Krone (DKK)

Balance Range Gross Rate p.a. AER

20,640,001 +

0.200%

0.200%

6,880,001 - 20,640,000

0.100%

0.100%

3,440,001 - 6,880,000

0.100%

0.100%

688,001 - 3,440,000

0.100%

0.100%

0 - 688,000

0.000%

0.000%

Danish Krone rate correct as at 1st June 2012

Reference Rate 0.00%

Norwegian Krone (NOK)

Balance Range Gross Rate p.a. AER

19,800,001 +

0.50%

0.50%

6,600,001 - 19,800,000

0.40%

0.40%

3,300,001 - 6,600,000

0.35%

0.35%

660,001 - 3,300,000

0.35%

0.35%

0 - 660,000

0.20%

0.20%

Norwegian Krone rate correct as at 18th March 2016

Reference Rate 0.50%

South African Rand (ZAR)
Balance Range Gross Rate p.a. AER

7,140,001 +

3.375%

3.418%

2,380,001 - 7,140,000

3.250%

3.290%

1,190,001 - 2,380,000

3.000%

3.034%

238,001 - 1,190,000

2.750%

2.778%

0 - 238,000

1.750%

1.762%

South African Rand rate correct as at 30th January 2014

Reference Rate 4.00%

New Zealand Dollar (NZD)

Balance Range Gross Rate p.a. AER

4,760,001 +

0.500%

0.500%

1,580,001 - 4,760,000

0.350%

0.350%

800,001 - 1,580,000

0.350%

0.350%

158,002 - 800,000

0.350%

0.350%

0 - 158,001

0.200%

0.200%

New Zealand Dollar rate correct as at 16th November 2016

Reference Rate 0.75%

 

Singapore Dollar (SGD)

Balance Range  Gross Rate p.a. AER

5,850,001 +

0.000%

0.000%

1,950,001 - 5,850,000

0.000%

0.000%

957,001 - 1,950,000

0.000%

0.000%

195,001 - 957,000

0.000%

0.000%

0 - 195,000

0.000%

0.000%

Rate correct as at 05/02/2013
Reference rate 0.00%

Gross – this means the interest rate you are paid before the deduction of basic rate income tax

Annual Equivalent Rate (AER) – this is a notional rate used for interest bearing accounts, which illustrates the interest rate if paid and compounded each year. It helps you to compare the effective rates of credit interest on different accounts.

Future rates

Currency  Balance AER Gross rate p.a.

US Dollars

0+

0.75%

0.75%

US Dollars (Non-Bank Financial Institutions only)

0+

0.60%

0.60%

Euros

0+

0.00%

0.00%

Australian Dollars

0+

0.35%

0.35%

Canadian Dollars

0+

0.15%

0.15%

Danish Krone

0+

0.00%

0.00%

Hong Kong Dollars

0+

0.00%

0.00%

Japanese Yen

0+

0.00%

0.00%

New Zealand Dollars

0+

0.35%

0.35%

Norwegian Krone

0+

0.15%

0.15%

Singapore Dollars

0+

0.00%

0.00%

South African Rand

0+

2.99%

2.95%

Swedish Krona

0+

0.00%

0.00%

Swiss Francs

0+

0.00%

0.00%

All rates are effective from 10th July 2017

Annual Equivalent Rate (AER): this is a notional rate used for interest bearing accounts, which illustrates the interest rate if paid and compounded each year. It helps you to compare the effective rates of credit interest on different accounts.
Gross rate: This is the rate you are paid.

Get in touch

 

New customers

To discuss your unique banking needs, please call SolutionsLine on:

0800 210 0235
Text Relay 18001 0800 210 0235
Mon to Fri 8am-5.30pm (excl. public holidays)
Calls may be recorded.

Existing customers

Please contact your relationship manager.

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