Support Centre for Saxo Bank A/S

Do I receive interest on my account with Saxo?

Account interest for retail clients is applied as follows:

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%. Rate can never be less than 0%.

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%.

Interest on your main account is calculated on the Net Free Equity.

Interest on sub-accounts is calculated on the Account Value.Since the Net Free Equity is calculated on open trade positions on all your accounts, it is important to make sure that sufficient cash is available on your main account.
 
Otherwise, you risk being subject to a debit interest on your main account exceeding the credit interest payable on your sub-account(s).

Interest is calculated daily and settled monthly - within seven business days after the end of each calendar month.

You can view the NFE in the "Interest Details" report of the "Account" tab. 

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