Call Deposit Account
The Currency Call Deposit Account is an unrestricted, easy access deposit account.
Below are the currencies on which interest is currently paid
Eurozone (EUR)
| Currency Call Deposit Accounts | Effective Date | Gross Rate1 | AER2 | Minimum Balance |
| 23/10/2024 | ||||
| Eurozone (EUR)# | Up to 2,499 | 1.130% | 1.135% | 3000 |
| Up to 999,999,999,999,999 | 1.130% | 1.135% |
USA (USD)
| Currency Call Deposit Accounts | Effective Date | Gross Rate1 | AER2 | Minimum Balance |
| 08/11/2024 | ||||
| USA (USD)# | Up to 2,999 | 1.750% | 1.762% | 3000 |
| Up to 999,999,999,999,999 | 1.750% | 1.762% |
#This product is no longer available in this currency.
For information on other currencies offered, please contact your Relationship team.
The interest calculation is based on a 360-day year for most currencies except HKD, ILS, KES, KWD, MUR, PLN, SGD and THB, which are based on a 365-day year. Rates will be reviewed regularly and may be varied at the Bank’s discretion at any time. Interest is paid quarterly.
For cut off times and ‘value given’ date for deposit, please contact your Relationship team.
¹Gross is the rate of interest payable without the deduction of tax
²AER (Annual Equivalent Rate) is a notional rate which illustrates the contractual interest rate as if paid and compounded on an annual basis.
Important information about tax on interest earned
In accordance with UK tax legislation, from 6 April 2016 interest is paid gross. For UK resident individuals (including sole traders or partnerships), if you are 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 HMRC’s website: www.hmrc.gov.uk^.
The management of your tax affairs is your responsibility, including making any required declarations to the relevant tax authority(ies), where you are tax resident.