Reserve Account

If you have more funds than you require on a day-to-day basis, but don't want to tie them up a Reserve Account could be the ideal solution.

  • Currency choice - select the currency of the account to suite your requirements
  • Foreign exchange management - the ability to hold currency will reduce your foreign exchange costs
  • Banded interest rates - subject to market conditions, you will earn higher returns on larger balances

The interest rates paid on balances are displayed in the following table:

US Dollar (USD)


Balance RangeEffective Gross Rate
$3,000,001 +
0.10%
$1,000,001 - $3,000,000
0.10%
$500,001 - $1,000,000
0.05%
$100,001 - $500,000
0.05%
$1,000 - $100,000
0.05%

US Dollar rate correct as at 29th October 2008

US Fed Fund Rate 1.00%

Euro (EUR)


Balance RangeEffective Gross Rate
EUR 3,000,001 +
1.35%
EUR 1,000,001 - EUR 3,000,000
0.90%
EUR 500,001 - EUR 1,000,000
0.30%
EUR 100,001 - EUR 500,000
0.20%
EUR 1,500 - EUR 100,000
0.10%

Euro rate correct as at 12th November 2008

ECB Rate (Refi) 3.25%

Canadian Dollar (CAD)


Balance RangeEffective Gross Rate
3,600,001 +
0.925%
1,200,001 - 3,600,000
0.80%
600,001 - 1,200,000
0.55%
120,001 - 600,000
0.25%
1,500 - 120,000
0.05%

Canadian Dollar rate correct as at 21st October 2008

Swiss Franc (CHF)


Balance RangeEffective Gross Rate
4,515,001 +
0.00%
1,500,001 - 4,515,000
0.00%
752,001 - 1,500,000
0.00%
150,001 - 752,000
0.00%
2,500 - 150,000
0.00%

Swiss Franc rate correct as at 7th November 2008

Australian Dollar (AUD)


Balance RangeEffective Gross Rate
3,500,001 +
1.925%
1,170,001 - 3,500,000
1.80%
600,001 - 1,170,000
1.55%
120,001 - 600,000
1.30%
1,500 - 120,000
1.05%

Australian Dollar rate correct as at 5th November 2008

Japanese Yen (JPY)


Balance RangeEffective Gross Rate
375,000,001 +
0.10%
125,000,001 - 375,000,000
0.075%
62,500,001 - 125,000,000
0.05%
12,500,001 - 62,500,000
0%
200,000 - 12,500,000
0%

Japanese Yen rate correct as at 3rd November 2008

Hong Kong Dollar (HKD)


Balance RangeEffective Gross Rate
23,400,001 +
0.10%
7,800,001 - 23,400,000
0.10%
3,900,001 - 7,800,000
0%
780,001 - 3,900,000
0%
10,000 - 780,000
0%

Hong Kong Dollar rate correct as at 3rd November 2008

Swedish Krona (SEK)


Balance RangeEffective Gross Rate
18,450,001 +
1.975%
6,750,001 - 18,450,000
1.80%
3,075,001 - 6,750,000
1.55%
615,001 - 3,075,000
1.30%
10,000 - 615,000
0.80%

Swedish Krona rate correct as at 9th October 2008

Danish Krone (DKK)


Balance RangeEffective Gross Rate
20,640,001 +
2.725%
6,880,001 - 20,640,000
2.60%
3,440,001 - 6,880,000
2.35%
688,001 - 3,440,000
2.00%
10,000 - 688,000
1.25%

Danish Krone rate correct as at 8th October 2008

Norwegian Krone (NOR)


Balance RangeEffective Gross Rate
19,800,001 +
2.375%
6,600,001 - 19,800,000
2.25%
3,300,001 - 6,600,000
2.00%
660,001 - 3,300,000
1.65%
10,000 - 660,000
1.45%

Norwegian Krone rate correct as at 16th October 2008

South African Rand (ZAR)


Balance RangeEffective Gross Rate
7,140,001 +
6.375%
2,380,001 - 7,140,000
6.25%
1,190,001 - 2,380,000
6.00%
238,001 - 1,190,000
5.75%
7,500 - 238,000
4.75%

South African Rand rate correct as at 16th November 2008

New Zealand Dollar (NZD)


Balance RangeEffective Gross Rate
4,760,001 +
4.475%
1,580,001 - 4,760,000
4.35%
800,001 - 1,580,000
4.10%
158,002 - 800,000
3.85%
1,500 - 158,001
2.85%

New Zealand Dollar rate correct as at 23rd October 2008

Singapore Dollar (SGD)


Balance RangeEffective Gross Rate
5,850,001 +
0.10%
1,950,001 - 5,850,000
0%
957,001 - 1,950,000
0%
195,001 - 957,000
0%
1,500 - 195,000
0%

Singapore Dollar rate correct as at 3rd November 2008


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