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Interest rates

Details of interest paid on cash held within funds at Lloyd’s

Interest earned on cash held within funds at Lloyd’s is paid on a semi-annual basis. Interest is accrued to a date in June and December and is paid away in accordance with members’ instructions within a week of this date. This process is the same for GBP, USD, AUD and EUR.

Current interest rates payable

Currency Rate    Effective Date
GBP 3.700%14 Feb 2023
USD 4.575%14 Feb 2023
AUD 3.020%14 Feb 2023
EUR 2.015%14 Feb 2023
CAD 4.245%14 Feb 2023
JPY 0.000%01 Jan 2022

Please note that the interest rates quoted are net of a cash service charge of 0.125%.