You can find details of our current interest rates, historical interest rates and any future interest rates applicable to your deposit account(s) with Goldman Sachs International Bank in the tables below. Please note that the rates displayed below apply solely to offerings by Goldman Sachs International Bank for Private Wealth Management clients and do not reflect any similar offerings for other clients or by other Goldman Sachs affiliates. In accordance with the Goldman Sachs International Bank Private Wealth Management account terms and conditions, the interest rate we will pay on your account is a combination of the "Reference Rate" and "Specified Margin" set out below and will vary depending on the currency in which your account is denominated, as set out below. The rate of interest applicable depends on your circumstances and may change in the future. Interest is variable, calculated daily and paid on a monthly basis. If you are at all unsure about what interest rate applies to your account, please contact your Private Wealth Management team.
1 AER – Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded once each year.
3 The Reference Rate for SARON (used for CHF) and HIBOR (used for HKD) displayed on this website is the relevant rate published for the one day period on the business day (in the currency location) prior to today (London time) or, if today is not a business day (in the currency location), the most recent business day (in the currency location) prior to this day in London. The Reference Rate for Fed Funds (used for USD), SONIA (used for GBP), and ESTR (used for EUR) displayed on this website is the relevant rate published for the one day period two business days (in the currency location) prior to today (London time) or, if today is not a business day (in the currency location), the most recent business day (in the currency location) prior to this day in London.
Specified Margin – A fixed percentage added to the Reference Rate to arrive at the final Interest Rate for the account.
Gross Interest rates, namely the annual rate applicable before income tax is deducted (where applicable).
2 The Day Count convention refers to the number of days used in the calculation of the compounded interest applicable to a deposit as reflected in the AER. The market standard is to calculate the interest at Actual/360 day count convention for ESTR, Fed Funds, and SARON based rates, and at Actual/365 day count convention for SONIA and HIBOR based rates. We are currently accruing interest on all our deposits at Actual/365 day count convention, which results in a marginally higher AER than would be the case if applying the Actual/360 day count for ESTR, Fed Funds, and SARON.
Please note that the interest rates applicable on our deposit accounts are generally rounded to eight decimal places. However, when displaying interest rates on this website (including the Reference Rate and Specified Margin), we have rounded the relevant rate to two decimal places. So, for example, if the interest rate on your account is 2.15723412%, it will be displayed on this website as 2.16%.
Following calculation of the Reference Rate plus the Specified Margin, a negative percentage for the Interest Rate may result for certain currencies. Where 0% is displayed in the Interest Rate and AER sections of this website for a currency, we have decided to temporarily waive our right to charge negative interest on deposit accounts in that currency so that the Interest Rate or AER is treated as if it were floored at 0% (the “Floor”). Please note we can remove the Floor in respect of any currency at any stage (without prior notice to you). This is applicable to both your Discretionary Managed Custody Account and Non-Discretionary Custody Account (Brokerage Custody Account).
Disclosures
Goldman Sachs International Bank (the "Bank") is a private unlimited company incorporated under the laws of England and Wales with registered number 01122503 and having its registered office at Plumtree Court, 25 Shoe Lane, London EC4A 4AU. The Bank is authorised and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The Bank is registered for VAT and its VAT registration number is GB 447 2649 28. The Bank's principal contact address is Plumtree Court, 25 Shoe Lane, London EC4A 4AU, Tel: 44 (0) 20 7774 1000.
The rate of interest applicable depends on your circumstances and may change in the future.
The Interest Rate on your overnight deposits is calculated using a Reference Rate plus a Specified Margin and may be updated from time to time. Please refer to Current Rates tab on this website for the latest Interest Rates.
Effective 31 December 2024, the Specified Margin applied to USD denominated overnight deposits held in Goldman Sachs International Bank (“GSIB”) will be reduced from 0.00% to -0.40% which means your Interest Rate will change from Fed Funds to Fed Funds - 0.40%.
Effective 31 December 2024, the Specified Margin applied to GBP denominated overnight deposits held in GSIB will be reduced from -0.10% to -0.40% which means your Interest Rate will change from SONIA - 0.10% to SONIA - 0.40%.
Where the announcements in this section represent a reduction in the Specified Margin applicable to your account, we will have given you advance notice of this change if we are required to do so under your Agreement. In such circumstances, please note your continued use of overnight deposits after the effective date indicates your agreement with the change.
Disclosures
Goldman Sachs International Bank (the "Bank") is a private unlimited company incorporated under the laws of England and Wales with registered number 01122503 and having its registered office at Plumtree Court, 25 Shoe Lane, London EC4A 4AU. The Bank is authorised and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The Bank is registered for VAT and its VAT registration number is GB 447 2649 28. The Bank's principal contact address is Plumtree Court, 25 Shoe Lane, London EC4A 4AU, Tel: 44 (0) 20 7774 1000.
1 AER – Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded once each year.
4 The Reference Rate displayed is the relevant rate published for the one day period on the business day (in the currency location) prior to the “last updated” date displayed above other than in respect of the Reference Rate used for (i) Fed Funds (used for USD); (ii) SONIA (used for GBP); and (iii) ESTR (used for EUR), where the Reference Rate is the relevant rate published for the one day period two business days (in the currency location) prior to the “Correct as of” date above. For historical data regarding the Reference Rates applicable to your account, please refer to the websites of the organizations that calculate and publish the relevant Reference Rate, found in the Reference Rates Table.
Specified Margin – A fixed percentage added to the Reference Rate to arrive at the final Interest Rate for the account.
Gross Interest rates, namely the annual rate applicable before income tax is deducted (where applicable).
2 The Day Count convention refers to the number of days used in the calculation of the compounded interest applicable to a deposit as reflected in the AER. The market standard is to calculate the interest at Actual/360 day count convention for ESTR, Fed Funds, and SARON based rates, and at Actual/365 day count convention for SONIA and HIBOR based rates. We are currently accruing interest on all our deposits at Actual/365 day count convention, which results in a marginally higher AER than would be the case if applying the Actual/360 day count for ESTR, Fed Funds, and SARON.
Please note that the interest rates applicable on our deposit accounts are generally rounded to eight decimal places. However, when displaying interest rates on this website (including the Reference Rate and Specified Margin), we have rounded the relevant rate to two decimal places. So, for example, if the interest rate on your account is 2.15723412%, it will be displayed on this website as 2.16%.
Following calculation of the Reference Rate plus the Specified Margin, a negative percentage for the Interest Rate may result for certain currencies. Where 0% is displayed in the Interest Rate and AER sections of this website for a currency, we have decided to temporarily waive our right to charge negative interest on deposit accounts in that currency so that the Interest Rate or AER is treated as if it were floored at 0% (the “Floor”). Please note we can remove the Floor in respect of any currency at any stage (without prior notice to you). This is applicable to both your Discretionary Managed Custody Account and Non-Discretionary Custody Account (Brokerage Custody Account).
Disclosures
Goldman Sachs International Bank (the "Bank") is a private unlimited company incorporated under the laws of England and Wales with registered number 01122503 and having its registered office at Plumtree Court, 25 Shoe Lane, London EC4A 4AU. The Bank is authorised and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The Bank is registered for VAT and its VAT registration number is GB 447 2649 28. The Bank's principal contact address is Plumtree Court, 25 Shoe Lane, London EC4A 4AU, Tel: 44 (0) 20 7774 1000.
The rate of interest applicable depends on your circumstances and may change in the future.
Goldman Sachs & Co. LLC is registered with the Securities and Exchange Commission (“SEC”) as both a broker-dealer and an investment adviser and is a member of the Financial Industry Regulatory Authority (“FINRA”) and the Securities Investor Protection Corporation (“SIPC”).