Earning interest on your account

You can earn interest on uninvested cash balances of GBP, USD and EUR 5000 and above with no lock in period or cap.

For example, if you have £6,000 uninvested cash in your account, interest will be earned on £1,000. Try our calculator to see how much interest you could earn on balances over £5,000.

You can also read our FAQs on how we calculate interest payments and blended interest rates. If you’re looking for a higher rate, take a look at the range of Money Market ETFs available through your Saxo account.

Corporate VIP client? Please contact your account manager for our corporate VIP rates.

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How much interest could I earn?

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Annual interest on

Account tier	Annual interest	Blended rate

Rates as of x.xx.xxxx The interest calculator is provided for illustrative purposes only and the information obtained by using the calculator is not, and should not be taken as financial advice to any individual or corporation. Results may vary depending on the accuracy of the information you provide and prevailing interest rates and/or assumptions.

* Assuming a GBP-denominated account depending on the amount of cash deposited and applying relevant spreads and markdowns to the Sterling Overnight Interbank Average Rate (SONIA) benchmark rate

Market rates, updated daily
As rates are updated daily based on *SONIA, you don’t have to wait for adjustments when market rates change
Interest on uninvested cash
Earn interest on uninvested cash for USD, GBP and EUR currencies with no lock-in period.
Get higher rates with larger deposits
With no cap on the amount you can earn, you'll earn more interest the more you deposit - there are no upper limits.
No lock-in period
Stay flexible – uninvested cash in your account can be used invest or withdraw with no lock-in periods.

How it works

We pay interest on the uninvested cash you hold in your account, starting with a minimum cash balance of GBP 5,000 or equivalent.

You won’t earn interest on uninvested cash up to and including GBP 4,999 (or equivalent).

Try our calculator to see how much interest you could earn for GBP, USD and EUR.

Trading margin products? Your interest is calculated based on your Net Free Equity (NFE) and Account Value. Read more here.

Read more about net free equity here.

You can find an overview of the interest you have earned in the platform, including applied interest rates.

Navigate to My Profile > Account Interest Download Report and select Account Interest Details

If you have a negative account balance, you will be charged negative interest based on the market rate, plus a mark-up. If you trade margin products, such interest is calculated based on your Negative Net Free Equity / Account Value. To read more about how rates for a negative account balance is calculated, click here.

The Sterling Overnight Index Average, abbreviated SONIA is the effective overnight interest rate paid by banks to borrow sterling overnight from other financial institutions. It is administered by the Bank of England.

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