Earn interest on your idle cash with no upper limits

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.

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Annual interest on

Account tier	Interest rate	Annual interest

Rates as of x.xx.xxxx

Contact Saxo for a special offer

For amounts over €1 million, check out our VIP offer or book a conversation with an account manager.

Get the market rate
As rates are updated daily based on market conditions, you don’t have to wait for adjustments when market rates change.
Interest on different currencies
Deposit in USD or other currencies – interest on uninvested cash will be calculated based on market conditions for each currency.
Earn higher interest
With no cap on the amount you can earn, you’ll earn more interest the more you deposit, and the higher you upgrade your account tier.
No lock-in period
Unlike with many bank deposit accounts, your funds earn interest with no lock-in whatsover.

How it works

Classic account:
If your uninvested cash (Net Free Equity) in the specific currency is above the equivalent of EUR 10,000, you will receive a variable interest rate. The more you deposit, the higher the interest rate applied. Please use the calculator or formula to check the interest rate for the specific currency and Net Free Equity.

VIP and Platinum account:
Your interest rate is the same regardless of the amount of uninvested cash, and there is no threshold. We calculate your interest rate based on Saxo Bid rate minus a markdown (-1 b.p. for VIP and -2 b.p for Platinum).

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 in the platform. Navigate to main Menu > Download report > Account Interest Details. Here you can see applied interest rates and amounts credited to your account for different periods.

If you have a negative net free equity, you pay negative interest based on relevant central bank rates. For more information, click here.

To calculate the interest rate for the Classic account tier manually, see the formulas below:

Net Free Equity (NFE) is between EUR 10,000 and EUR 50,000

IntRateFormula A

Net Free Equity (NFE) is above EUR 50,000

math-IntRateFormula B

If you want to calculate the interest rate for a currency other than EUR, please convert 10,000 EUR into the specific currency and use the Saxo Bid rate and NFE for the specific currency. For more information on the Saxo Bid Rate, please go to our general charges page.