Earn up to 3.09% on your uninvested cash balances

Earn on all of your free cash – no minimum balance to qualify
Daily accrual of interest, paid monthly
No fixed lock-in periods - you are free to access your cash whenever

Get the market rate
Our interest rates are updated daily based on market conditions for USD, EUR and GBP. That means you don’t have to wait for rate adjustments when the market rates change.
Earn interest on several currencies
At Saxo, you’ll not only earn interest on your dollars, but also on EUR and GBP. Regardless of whether you want your money in your local currency or prefer USD, you’ll still earn interest that follows the market rate.
Get higher rates with larger deposits
If the size of your deposit increases, you will earn higher interest. Your interest rate is decided by the market rate and your deposit amount in either USD, EUR or GBP. See interest rates here.
No lock-in period for your assets
At Saxo you don’t have to bind your assets to earn high interest. The interest you earn will follow the market rate without locking in your assets for a specific period.

Current rates

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Net free equity	Below 50,000 EUR	Above 50,000 EUR	Above 100,000 EUR	Above 1,000,000 EUR	Above 10,000,000 EUR
USD	+0.59% p.a.	+1.09% p.a.	+2.59% p.a.	+3.09% p.a.	Contact Saxo for a special offer.
EUR	No interest.	No interest.	+0.23% p.a.	+0.73% p.a.	Contact Saxo for a special offer.
GBP	No interest.	+0.17% p.a.	+1.67% p.a.	+2.17% p.a.	Contact Saxo for a special offer.

The above interest rates are indicative as the effective rate is decided by the daily market rate for the specific currency. (Updated 27.12.2022)

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.

If you do not hold any margin positions, then your Net Free Equity is equal to your cash balance. For full Net Free Equity definition & conditions, please click 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

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. Get inspired in SaxoInvestor, 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.