The new account interest model will be officially launched on January 1, 2024.You can go to the official website to check the latest changes.

When trading at Saxo Bank, you usually receive interest on your cash balance. However, if you have open positions in margin products, these positions will affect interest calculations.

Your interest rate depends on your account level (Classic, Platinum or VIP). The interest rate consists of Saxo's buy/sell interest rate and a certain price increase/discount. For information on Saxo's bid/offer rates, please visit the official website.

Interest on your main account is calculated based on your net asset value (NFE), which is your cash balance plus/minus any NFE adjustments.If you have multiple sub-accounts in different currencies, interest on those sub-accounts is calculated based on the adjusted account value of each sub-account.

Settlement interest is calculated daily and settled within seven working days after the end of each calendar month. Interest is calculated based on the day conventions and market standards listed in Saxo's Buy/Sell Rate Table.

Negative net asset value

Please note that if your financing margin requirements and unrealized gains and losses on margin products exceed your cash balance, your net asset value may become negative, resulting in an overdraft interest rate.

Financing margin requirements Please note that margin financing requirements may be different from trading margin requirements.

You can view the complete list of margin financing cash collateral used to calculate net asset value on the official website.