Bank without boundaries
As part of our private forex service, you’ll receive your own Currency Access Account to hold funds before and after exchange. This foreign currency account makes sending money abroad quick and easy, and also helps you in countries where it is difficult to open a local bank account.
Client eligibility
- £300k minimum yearly earnings
- £3m minimum net worth
- UK resident
- See all your foreign currency balances in one place
- Transfer money abroad in all major currencies
- Free UK transfers without having to open a separate UK bank account
- Regular Payment Plan designed to minimise currency fluctuations in your monthly outgoings
- Holds funds in over 15 different currencies, free of charge
- Variable interest rates on your balance, paid monthly. Useful when you’re transferring larger amounts.
- Buying or selling a property abroad whether you’re transferring funds for the deposit or outright purchase
- Mortgages on properties
- Repatriating your salary back to the UK or making frequent international transfers to friends or relatives
- One-off foreign exchange payments abroad for art or a vehicle
- Education payments to schools or universities.
Interest rates
You can hold funds in up to 15 currencies. The table below shows the current interest rates available with our Currency Access Accounts.
| Product | Currency | Gross | AER* |
|---|---|---|---|
| Sterling | GBP | 3.69% | 3.75% |
| South African Rand | ZAR | 3.20% | 3.25% |
| US Dollar | USD | 2.96% | 3.04% |
| Australian Dollar** | AUD | 0.10% | 0.10% |
| New Zealand Dollar** | NZD | 0.10% | 0.10% |
| Canadian Dollar** | CAD | 0.10% | 0.10% |
| Euro | EUR | 1.95% | 2.00% |
| Danish Krona | DKK | 0.00% | 0.00% |
| Hong Kong Dollar | HKD | 0.00% | 0.00% |
| Israeli Shekel | ILS | 0.00% | 0.00% |
| Japanese Yen | JPY | 0.00% | 0.00% |
| Norwegian Krona | NOK | 0.00% | 0.00% |
| Singapore Dollar | SGD | 0.00% | 0.00% |
| Swedish Krona | SEK | 0.00% | 0.00% |
| Swiss Franc | CHF | 0.00% | 0.00% |
* AER stands for the Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once a year. "Gross" is the contractual interest rate paid before the deduction of any tax.
Interest is paid gross, without the deduction of tax. In accordance with the EU Savings Tax Directive, automatic exchange of information applies where individuals are resident in the European Union.
** Interest rates on Australian Dollar, New Zealand Dollar and Canadian Dollar Currency Access Accounts will reduce to 0.00% gross/AER from 21 October 2024.
Ready to talk to a private banker about your FX needs?
FAQs
We’ve answered your most common questions about our foreign exchange services and the Currency Access Account.
Financial Services Compensation Scheme (FSCS) information
Please read this important information about your rights under the United Kingdom’s Financial Services Compensation Scheme.
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