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Foreign currency account rates

Foreign Currency Account credit interest rates

You can refer to the following table for current Foreign Currency Account credit interest rates. Interest is:
 

  • Calculated daily on each balance amount within the tiers stated below
  • Paid monthly in arrears on the last business day of each calendar month.

 

The Foreign Currency credit interest rates below are correct as at 5th April 2017.

 Currency Tier 1 balances
Tier 1 Interest Rates p.a.
Tier 2 balances  Tier 2 Interest Rates p.a. Tier 3 Balances
Tier 3 Interest Rates p.a.
USD 0 - 5,000 0% 5,001 - 50,000 0% over 50,000 0%
CAD 0 - 6,000 0% 6,001 - 60,000 0% over 60,000 0%
CHF 0 - 6,000 0% 6,001 - 60,000 0% over 60,000 0%
CNY All balances

0%

       
DKK 0 - 30,000 0% 30,001 - 300,000 0% over 300,000 0%
EUR 0 - 4,000 0% 4,001 - 40,000 0% over 40,000 0%
GBP 0 - 3,000 0% 3,001 - 30,000 0% over 30,000 0%
HKD 0 - 40,000
0% 40,001 - 400,000 0% over 400,000 0%
JPY 0 - 535,000 0% 535,001 - 5,350,000 0% over 5,350,000 0%
NOK 0 - 30,000
0% 30,001 - 300,000 0% over 300,000 0%
NZD 0 - 7,000
0% 7,001 - 70,000 0.50% over 70,000 1.25%
SEK 0 - 35,000
0% 35,001 - 350,000 0% over 350,000 0%
SGD 0 - 8,500
0% 8,501 - 85,000 0% over 85,000  0%
THB 0 - 200,000
0%  200,001 - 2,000,000 0%  over 2,000,001 0%
ZAR All balances
0%        

View Foreign currency accounts essentials.

 

Foreign Currency Account overdraft base rates

Debit interest is applicable to Foreign Currency overdrafts attached to Foreign Currency Accounts. The debit interest rate applicable to the overdraft comprises a base rate plus a margin over the base rate agreed at the time the overdraft is established. You can refer to the following table for the current base rates. Overdraft base rates are variable and subject to change.

The Foreign Currency Account overdraft base rates below are correct as at  5th April 2017.

Currency Interest rate
CAD - Canadian Dollars 4.40%
CHF - Swiss Francs 2.95%
EUR - Euro 3.65%
GBP - British Pound 4.20%
HKD - Hong Kong Dollar 4.20%
JPY - Japanese Yen 2.20%
NOK - Norwegian Kroner 6.70%
NZD - New Zealand Dollar 5.55%
SEK - Swedish Kroner 6.70%
SGD - Singapore Dollar 4.05%
USD - United States Dollar
2.45%

Conditions, fees and normal lending criteria apply. More product details are available on request.

 

More information

For more information on foreign currency accounts refer to the terms and conditions:

If you have any queries or would like to apply for a currency not available online you can:

  • Contact any Westpac branch.
  • Contact your Westpac Relationship Manager.


For foreign currency overdraft interest rates, you can:

  • Call the Westpac International Service Line on 131 032
  • Contact any Westpac branch
  • Contact your Westpac Relationship Manager.


For enquiries or full details of all terms and conditions on foreign currency accounts