Make your uninvested cash work for you 

Benefit from changes in market conditions on each currency immediately. Earn interest income on your uninvested cash with no lock-in period or upper limit on amount paid. Your funds will remain available to withdraw or invest, while earning interest on a daily basis. 

You can use the interactive interest calculator to estimate the total interest received on your uninvested cash depending on deposit amount and currency.

How much interest could I earn?

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Annual interest on

Account tier Interest rateAnnual interest

Rates as of x.xx.xxxx

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For amounts beyond the range shown above, Saxo clients can contact their account manager for an indication of the interest that can be earned.
  • Market rates, updated daily

    Our interest rates are updated daily based on market conditions which means adjustments to central bank policy are reflected immediately.
  • Interest on different currencies

    Deposit in USD or other currencies – interest on uninvested cash will be calculated based on market conditions for each currency. 
  • No upper limits on deposits earning interest

    With Saxo Bank, you earn interest on your total deposit – we don’t impose any upper limits.
  • Use your trading account to earn on deposits

    Stay flexible – uninvested cash in your account can be used invest or withdraw with no lock-in periods.

How it works

You earn interest on the uninvested cash on your account in each currency.  

If your total balance does not exceed Level A, no interest will be paid. 

If your total balance is above Level A, you will receive a variable interest rate, scaled proportionally with the deposit amount. The more you deposit, the higher the interest rate applied to your total balance.  

For balance amounts above Level B, you will receive the highest interest rate on the additional balance with no upper limit or lock-in period on the deposit.  

Refer to the calculator at the top of the page to estimate the effective interest rate on your balance depending on total balance and currency.  

Please note that when you trade margin products, your interest is calculated based on your Net Free Equity (NFE) and Account Value which you can read more about in our FAQ.   

Read more about Net Free Equity here.
You can find the interest overview in the platform, including applied interest rates and amounts credited to your account for a selected period. Learn more
If you have a negative net free equity, you pay negative interest based on relevant central bank rates. For more information, click here.

As a Saxo client, you have access to a regulated trading environment and your funds are protected by the Financial Guarantee Fund.


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