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CMT - Interest and Exchange Rates
   
21/05/2019 03:40a.m.
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Government Kiwi Bonds
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Cash Management Trust Account
The exchange rates displayed below are current indicative midpoint rates applicable only to the transfer of funds between currencies in the Cash Management Trust (CMT) account. To view the exchange rates that are applicable to share trading transactions that require funds to be converted to or from another currency, click here.
Transfer from:
Indicative Cash Transfer Rates
Transfer to Exchange Rate
NZD 1.0000
SEK 6.2538
AUD 0.9373
GBP 0.5089
EUR 0.5798
CHF 0.6532
HKD 5.0857
SGD 0.8915
USD 0.6479
CAD 0.8706
JPY 71.23
NOK 5.6864
Current Interest Rates
Currency Daily Balance Interest Rate
NZD
up to 14,999.991.00% p.a.
15,000.00 to 49,999.991.25% p.a.
50,000.00 to 199,999.991.75% p.a.
200,000.00+1.75% p.a.
SEK 0.00% p.a.
AUD
up to 14,999.990.50% p.a.
15,000.00 to 49,999.990.50% p.a.
50,000.00 to 199,999.991.00% p.a.
200,000.00+1.25% p.a.
GBP
up to 14,999.990.25% p.a.
15,000.00 to 49,999.990.25% p.a.
50,000.00 to 199,999.990.25% p.a.
200,000.00+0.25% p.a.
EUR 0.00% p.a.
USD
up to 14,999.991.50% p.a.
15,000.00 to 49,999.991.50% p.a.
50,000.00 to 199,999.991.70% p.a.
200,000.00+1.75% p.a.
SGD 0.00% p.a.
CHF 0.00% p.a.
HKD 0.00% p.a.
CAD
up to 14,999.990.12% p.a.
15,000.00 to 49,999.990.12% p.a.
50,000.00 to 199,999.990.12% p.a.
200,000.00+0.12% p.a.
JPY 0.00% p.a.
NOK 0.00% p.a.

FAQs

Deposit Funds


Exchange Rates and Margin Fees


Foreign exchange rate charges will be incurred on all transactions that require funds to be converted to or from another currency. For the purposes of conversion into or from one currency or another, the exchange rate used by Direct Broking will be a midpoint rate with a currency conversion margin of an amount up to 1.50% of the purchased currency amount.

The midpoint rate is derived from wholesale buy and sell rates quoted by foreign exchange market participants and which are compiled by a supplier of financial market data.

The exchange rate, or rates, for a particular deposit will be those applicable at the time and date at which the deposit is made. The exchange rates displayed above are an indication of the midpoint only and are refreshed from time to time throughout the day.

Interest Rates


The currency interest rates set out above are annual interest rates, calculated daily and paid monthly.

Account holders of an Cash Management Trust Account (CMT) may be paid interest depending on

     1. The overnight balance deposited in the account
     2. The prevailing official and wholesale interest rates of each currency

FNZC will set interest rates. Interest rates will be guided by the official interest rate from the issuing central bank of the currency and will vary from time to time depending on market conditions.

To view the actual currency interest rate(s) applicable at that time to the On Call Currency Accounts into which they have made deposits, account holders should log on and access the Account Balances. Rates will be shown only for currencies in which deposits have been made.
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