Reduction of USD Interest Rate with effect from 1st August 2019

Craig Dalton
 on 
July 20, 2019

Further to the 0.25% cut of the USD FED Funds Rate to 2.25% we can confirm that the USD CLA rate has also been reduced. At this time we have absorbed some of this rate reduction and have opted to reduce the USD CLA rate tiers by 0.15% only. You can view the current rate tiers below:

Current base rate 0.75% -0.50% 1.75%
GBP EUR USD
2m+ 0.25% -0.50% 0.60%
1m+ 0.25% -0.50% 0.50%
500k+ 0.20% -0.50% 0.50%
250k+ 0.15% -0.50% 0.40%
200k+ 0.05% -0.50% 0.40%
100k+ 0.05% -0.50% 0.35%
50k+ 0.00% -0.50% 0.25%