The following interest rates apply to funds deposited with Saxo Bank:
Net Free Equity* above EUR 15,000 (or equivalent):
- Interest paid on the full amount on the account is the higher of market bid rates minus 3 % and zero
Positive Net Free Equity up to EUR 15,000 (or equivalent):
- No account interest
Negative Net Free Equity:
- Interest will be charged at market ask rates plus 8 %, however never less than 8 %
*You can find the definition of Net Free Equity here.
Interest is calculated daily and settled monthly - within seven business days after the end of each calendar month.
You can find more information about interest paid to/deducted from your account in the report Account Interest Details.