Saxo pays account interest!

Saxo pays account interest!

From 1 February 2023, you can receive interest on your uninvested cash balances in Swiss Francs and other currencies. In recent months, major central banks around the world have increased benchmark interest rates. We believe that you should benefit as a valued Saxo client, which is why we’re introducing deposit interest on your uninvested cash balances (Net Free Equity) in CHF, USD, Euro, GBP and other currencies without requiring a minimum holding period.

icon - info btn updatedWe’re introducing changes to Account Interest from 1 April 2023. To read more about the changes click here.

  • Get the market rate

    Our interest rates are updated daily based on market conditions using the Saxo Bid Rate minus a fixed markdown. That means you don’t have to wait for rate adjustments when the market rates change.
  • Earn interest on various currencies

    At Saxo, you can earn interest for various currencies. No matter what currency you hold, CHF, USD or another currency, you can earn interest depending on the prevailing benchmark rates.
  • Get higher rates with larger deposits

    If the size of your deposit increases, you will earn higher interest. Your interest rate is determined by the Saxo Bid Rate and the amount of your uninvested cash (Net Free Equity). See indicative interest rates here.
  • No minimum holding period for your assets

    At Saxo you don’t have to lock in your assets to earn interest. The interest you earn will follow the market rate without any minimum holding period.

Current rates

Major Currencies

Swipe left or right for more
CurrencySaxo Bid RateClient Rate
NFE > 1’000’000
Client Rate
NFE > 100'000
Client Rate
NFE < 100’000
USD4.30%3.30%2.80%1.30%
GBP3.67%2.67%2.17%0.67%
EUR2.15%1.15%0.65%0.00%
DKK1.85%0.85%0.35%0.00%
CHF0.81%0.31%0.00%0.00%

Other Currencies

Swipe left or right for more
CurrencySaxo Bid RateClient Rate
NFE > 1’000’000
Client Rate
NFE > 100'000
Client Rate
NFE < 100’000
HUF17.61%16.61%16.11%14.61%
CZK7.33%6.33%5.83%4.33%
PLN6.06%5.06%4.56%3.06%

Net Free Equity (NFE) thresholds are defined in CHF terms for CHF, USD terms for USD and EUR terms for EUR and any other currency.

The above interest rates are indicative only and subject to daily fluctuation. Interest rates are quoted per annum (p.a.). Interest is calculated daily and settled monthly. (Updated: 10.02.2023)

This is how your Net Free Equity is calculated

At Saxo, you earn interest based on your Net Free Equity. Generally speaking, your Net Free Equity is the same as the cash in your account, but if you use sub-accounts or trade derivatives, your calculated Net Free Equity can be different. That means the calculation of your earned interest can differ too.

Read more about Net Free Equity here.
You can find an overview of the daily interest you have earned on the Account Page in the platform. Navigate to Historical Reports > Account Interest Details. Here you can see applied interest rates and amounts credited to your account for different periods.
If you have a negative cash balance, you will be charged negative interest based on the market rate, plus a mark-up. To read more about how the rate for a negative cash balance is calculated, click here.

The investment tools you need

The investment tools you need

With your new Saxo account, you take control over your investment no matter where and when. With our selection of award-winning platforms, you can easily invest in thousands of investment products from different devices. Execute your next great trade with SaxoTraderGO or build sophisticated strategies using several screens on SaxoTraderPRO—it all depends on how you want to invest.

Mac OS

Mac OS

30+ years

Experience in the industry

876,000+

Clients

16+ bn

CHF daily trade volume

110+

Industry awards

Get started in 5 minutes

Open your Saxo account today

Saxo Bank (Schweiz) AG
Beethovenstrasse 33
CH-8002
Zurich
Switzerland

Contact Saxo

Select region

Switzerland
Switzerland

All trading carries risk. Losses can exceed deposits on margin products. You should consider whether you understand how our products work and whether you can afford to take the high risk of losing your money. To help you understand the risks involved we have put together a general Risk Warning series of Key Information Documents (KIDs) highlighting the risks and rewards related to each product. The KIDs can be accessed within the trading platform. Please note that the full prospectus can be obtained free of charge from Saxo Bank (Switzerland) ltd. or the issuer.

This website can be accessed worldwide however the information on the website is related to Saxo Bank (Switzerland) Ltd. All clients will directly engage with Saxo Bank (Switzerland) Ltd. and all client agreements will be entered into with Saxo Bank (Switzerland) Ltd. and thus governed by Swiss Law.

The content of this website represents marketing material and has not been notified or submitted to any supervisory authority.

If you contact Saxo Bank (Switzerland) Ltd. or visit this website, you acknowledge and agree that any data that you transmit to Saxo Bank (Switzerland) Ltd., either through this website, by telephone or by any other means of communication (e.g. e-mail), may be collected or recorded and transferred to other Saxo Bank Group companies or third parties in Switzerland or abroad and may be stored or otherwise processed by them or Saxo Bank (Switzerland) Ltd. You release Saxo Bank (Switzerland) Ltd. from its obligations under Swiss banking and securities dealer secrecies and, to the extent permitted by law, data protection laws as well as other laws and obligations to protect privacy. Saxo Bank (Switzerland) Ltd. has implemented appropriate technical and organizational measures to protect data from unauthorized processing and disclosure and applies appropriate safeguards to guarantee adequate protection of such data.

Apple, iPad and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc.