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 suit 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 RateAER
$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
0.000%
0.000%
US Dollar rate correct as at 16th December 2008

Reference Rate 0.25%

Euro (EUR)



Balance RangeEffective Gross RateAER
EUR 3,000,001 +
0.200%
0.200%
EUR 1,000,001 - EUR 3,000,000
0.100%
0.100%
EUR 500,001 - EUR 1,000,000
0.100%
0.100%
EUR 100,001 - EUR 500,000
0.100%
0.100%
EUR 0 - EUR 100,000
0.000%
0.000%
Euro rate correct as at 13th May 2009

Reference Rate 1.00%

Canadian Dollar (CAD)



Balance RangeEffective Gross RateAER
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 20th July 2010

Reference Rate 0.65%

Swiss Franc (CHF)



Balance RangeEffective Gross RateAER
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%

Australian Dollar (AUD)



Australian Dollar (AUD)
Balance RangeEffective Gross RateAER
3,500,001 +
2.15%
2.17%
1,170,001 - 3,500,000
2.00%
2.02%
600,001 - 1,170,000
1.75%
1.76%
120,001 - 600,000
1.50%
1.51%
0 - 120,000
1.25%
1.26%
Australian Dollar rate correct as at 5th May 2010

Reference Rate 3.50%

Japanese Yen (JPY)



Balance RangeEffective Gross RateAER
375,000,001 +
0.000%
0.000%
125,000,001 - 375,000,000
0.000%
0.000%
62,500,001 - 125,000,000
0.000%
0.000%
12,500,001 - 62,500,000
0.000%
0.000%
0 - 12,500,000
0.000%
0.000%
Japanese Yen rate correct as at 5th December 2008

Reference Rate 0.00%

Hong Kong Dollar (HKD)



Balance RangeEffective Gross RateAER
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 0.00%

Swedish Krona (SEK)



Balance RangeEffective Gross RateAER
18,450,001 +
0.05%
0.05%
6,750,001 - 18,450,000
0.05%
0.05%
3,075,001 - 6,750,000
0.05%
0.05%
615,001 - 3,075,000
0.05%
0.05%
0 - 615,000
0.00%
0.00%
Swedish Krona rate correct as at 7th July 2010

Reference Rate 0.30%

Danish Krone (DKK)



Balance RangeEffective Gross RateAER
20,640,001 +
0.050%
0.050%
6,880,001 - 20,640,000
0.050%
0.050%
3,440,001 - 6,880,000
0.050%
0.050%
688,001 - 3,440,000
0.050%
0.050%
0 - 688,000
0.000%
0.000%
Danish Krone rate correct as at 27th May 2010

Reference Rate 0.40%

Norwegian Krone (NOR)



Balance RangeEffective Gross RateAER
19,800,001 +
0.35%
0.35%
6,600,001 - 19,800,000
0.30%
0.30%
3,300,001 - 6,600,000
0.20%
0.20%
660,001 - 3,300,000
0.15%
0.15%
0 - 660,000
0.10%
0.10%
Norwegian Krone rate correct as at 6th May 2010

Reference Rate 1.25%

South African Rand (ZAR)



Balance RangeEffective Gross RateAER
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 19th June 2009

Reference Rate 5.50%

New Zealand Dollar (NZD)



New Zealand Dollar (NZD)
Balance RangeEffective Gross RateAER
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 30th July 2010

Reference Rate 2.00%

Singapore Dollar (SGD)



Balance RangeEffective Gross RateAER
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%
Singapore Dollar rate correct as at 13th February 2009

Reference Rate 0.05%