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.

Open account See interest rates

We’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

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Currency	Saxo Bid Rate	Client Rate NFE > 1’000’000	Client Rate NFE > 100'000	Client Rate NFE < 100’000
USD	4.30%	3.30%	2.80%	1.30%
GBP	3.67%	2.67%	2.17%	0.67%
EUR	2.15%	1.15%	0.65%	0.00%
DKK	1.85%	0.85%	0.35%	0.00%
CHF	0.81%	0.31%	0.00%	0.00%

Other Currencies

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Currency	Saxo Bid Rate	Client Rate NFE > 1’000’000	Client Rate NFE > 100'000	Client Rate NFE < 100’000
HUF	17.61%	16.61%	16.11%	14.61%
CZK	7.33%	6.33%	5.83%	4.33%
PLN	6.06%	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.

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