Current interest rates for unauthorised overdrafts
Main currencies
Date: 18.10.2024
| Currency | Account Refinancing | Margin | Overdraft interest rate |
|---|---|---|---|
| USD | 5.31 % | 8.50 % | 13.81 % |
| EUR | 3.28 % | 8.50 % | 11.78 % |
| CHF | 1.20 % | 8.50 % | 9.70 % |
The interest rates for account refinancing are based on the most recent reference rates for the previous calendar quarter: for Swiss francs, the SARON Compound 3M1, r euros, the Euribor 3 months2; for US dollars, the 90-Day Average SOFR3.
Secondary currencies
Date: 18.10.2024
| Currency | Overdraft interest rate |
|---|---|
| AED | 13.25 % |
| THB | 17.75 % |
| HUF | 21.75 % |
| TRY | 60.25 % |
| RUB | 39.25 % |
| NOK | 9.75 % |
| CAD | 9.50 % |
| HKD | 13.00 % |
| SEK | 9.50 % |
| MXN | 21.00 % |
| AUD | 9.50 % |
| JPY | 9.50 % |
| ZAR | 18.50 % |
| DKK | 9.50 % |
| GBP | 9.50 % |
| CZK | 12.25 % |
| NZD | 9.75 % |
| PLN | 16.00 % |
| SGD | 11.25 % |
| ISK | 19.50 % |
| CNH | 10.75 % |
1 The reference interest rate for changes to the debit interest rate for account overdrafts in Swiss francs is the Swiss Average Rate Overnight (SARON) Compound 3M. This interest rate is calculated and published daily by SIX Swiss Exchange. The debit interest rate is updated on the first day of each calendar quarter (hence on 1 January, 1 April, 1 July and 1 October of each year). It is adjusted automatically in the event of a change in the reference interest rate with effect from the respective day on which the change occurred. The reference interest rate is the last SARON Compound 3M calculated for the previous calendar quarter. The debit interest rate is determined on the basis of this reference interest rate plus an interest rate premium (margin) of 8.5 % p.a., and in the event that negative interest rates are prevailing on the market, a minimum equivalent to the interest rate premium will be owed, which will be mathematically rounded to two decimal places after the dot.
2 The reference interest rate for changes to the debit interest rate for account overdrafts in euros is the Euribor 3 months. This interest rate is calculated and published daily by the European Central Bank. The debit interest rate is updated on the first day of each calendar quarter (hence on 1 January, 1 April, 1 July and 1 October of each year). It is adjusted automatically in the event of a change in the reference interest rate with effect from the respective day on which the change occurred. The reference interest rate is the last Euribor 3 months calculated for the previous calendar quarter. The debit interest rate is determined on the basis of this reference interest rate plus an interest rate premium (margin) of 8.5 % p.a., and in the event that negative interest rates are prevailing on the market, a minimum equivalent to the interest rate premium will be owed, which will be mathematically rounded to two decimal places after the dot.
3 The reference interest rate for changes to the debit interest rate for account overdrafts in US dollars is the 90-Day Average Secured Overnight Financing Rate (SOFR). This interest rate is calculated and published daily by the Federal Reserve Bank of New York. The debit interest rate is updated on the first day of each calendar quarter (hence on 1 January, 1 April, 1 July and 1 October of each year). It is adjusted automatically in the event of a change in the reference interest rate with effect from the respective day on which the change occurred. The reference interest rate is the last 90-Day Average SOFR calculated for the previous calendar quarter. The debit interest rate is determined on the basis of this reference interest rate plus an interest rate premium (margin) of 8.5 % p.a., and in the event that negative interest rates are prevailing on the market, a minimum equivalent to the interest rate premium will be owed, which will be mathematically rounded to two decimal places after the dot.