The following interest rates apply to funds deposited with Saxo Capital Markets:
- For positive Net Free Equity, interest will be the higher of market bid rates and zero except from the below mentioned currencies with negative interest. Interest will be paid on the full amount for all Account Values.
- For negative Net Free Equity interest will be market ask rates plus a mark-up, however never less than the mark-up. Interest will be charged on the full amount for all Account Values
Negative interest rates
As of 1 March 2017, Saxo Capital Markets will charge negative interest rates on our standard offering in relevant reference currencies. The charge will apply to balances above the threshold currently indicated in the table below.
On the main trading account, this threshold will be applied to the available net free equity and, in the case of sub-accounts to the account value. The negative interest will be calculated daily for the account credit balance exceeding the threshold and debited to the main trading accounts or sub-accounts at the end of each month for the interest period of the previous month.
The rates charged are subject to change.