Make uninvested cash work for you

Whether you prefer USD, PLN, CZK or any of 20+ local currencies, with Saxo Bank, you can earn interest on your uninvested cash with no upper limits.

Open account See interest rates

Market rates, updated daily
Our interest rates are updated daily, based on market conditions, so you don’t have to wait for new rates announcements.
Interest on different currencies
Deposit in USD or your choice of local currencies – you’ll earn interest on uninvested cash, whichever currency you prefer.
No upper limits on deposits earning interest
With Saxo Bank, you earn interest on your total deposit – we don’t impose any upper limits.
Use your trading account to earn on deposits
Stay flexible – uninvested cash in your account can be used for both trading and earning interest.

Interest rates p.a.

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Currency	Saxo bid rate	VIP clients (no threshold)	Platinum clients (no threshold)	Classic clients (Threshold USD 50.000)*
USD	4.30%	3.30%	2.30%	1.30%
PLN	6.06%	5.06%	4.06%	3.06%
CZK	7.31%	6.31%	5.31%	4.31%
HUF	17.93%	16.93%	15.93%	14.93%
GBP	3.67%	2.67%	1.67%	0.67%
EUR	2.15%	1.15%	0.15%	-

Interest rates shown above are indicative and are updated monthly (last update 9.2.2023). Full terms and conditions for interest on deposits can be found here
To find which account tier you’re in, click here. For more information about our client tiers (Classic, Platinum, VIP), please click here.
*Interest rate will apply on the full amount once threshold has been exceeded.

These rates are applicable for the following countries:
Czech Republic, Poland, Slovakia, Cyprus, Latvia, Bulgaria, Croatia, Estonia, Greece, Hungary, Lithuania, Romania, Slovenia, Albania, Armenia, Azerbaijan, Georgia, Israel, Macedonia, Moldova, Montenegro, Kazakhstan, Serbia, Tajikistan, Ukraine, Uzbekistan.

How it works

We apply the interest rate on the free deposits in your accounts, which we define based on a concept called ‘Net Free Equity’. Generally, that means the value-dated cash balance on your trading account, but it depends on whether you have sub-accounts in the same currency and/or open positions in margin products.