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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

Currency Call Deposit Accounts

Effective Date

Gross Rate1

AER2

Minimum Balance

Mexico (MXN)

19/08/2019

0.375%

0.376%

10,000

USA (USD)#

01/08/2019

1.300%

1.306%

3,000

South Africa (ZAR)

19/07/2019

2.250%

2.269%

11,000

#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, THB and ZAR, 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.