Make your working capital work harder for you

Interest that stays with you — tailored to your business needs. Open separate single-currency accounts in up to 9 different currencies based on your operational requirements, and enjoy attractive rates of up to 2.80% AER. Maximise the potential of your working capital with flexible, interest-earning solutions.

Account Mobile View
CHF

Swiss Franc

0.10% AER
Instant Access
GBP

Great British Pound

2.65% AER
Instant Access
EUR

Euro

1.25% AER
Instant Access
USD

US Dollar

2.25% AER
Instant Access
HKD

Hong Kong Dollar

1.80% AER
Instant Access
SGD

Singapore Dollar

1.50% AER
Instant Access
JPY

Japanese Yen

0.75% AER
Instant Access
CNY

Chinese Yuan

1.00% AER
Instant Access
AED

Arab Emirates Dirham

2.80% AER
Instant Access
CHF

Swiss Franc

0.10% AER
Instant Access
GBP

Great British Pound

2.65% AER
Instant Access

GBP

EUR

USD

HKD

SGD

JPY

CNY

AED

CHF

Enjoy Consistent Interest Rates on Your Single-Currency Account

Begin placing your operating funds with iFAST today and benefit from attractive interest rates of up to 2.80% AER. Experience the ease and efficiency of managing your financial needs in one integrated platform.

Important Notice: Our interest rates may change. Kindly check the latest rates through your banking portal or mobile app after logging in.
Instant Access with No Balance Limits Requirement

Instant Access with No Balance Limits Requirement

Experience true financial freedom with complete flexibility—no limits, no barriers, just effortless access to your funds whenever you need.

All 9 eligible currencies are protected by FSCS.

The UK digital bank regulated by the same rules and operating standards as traditional banks.Your eligible deposits are protected by the Financial Services Compensation Scheme (FSCS) up to a value of £120,000 per person.

Instant Access with No Balance Limits Requirement
Currencies

Be ready for the Global Opportunities

With one single-currency account, you can hold funds in 9 currencies: GBP, EUR, USD, HKD, JPY, SGD, CNY, AED and CHF. We facilitate international transfers, both inward and outward, via SWIFT.

Single-Currency Account
Summary Box

Expand All

Single-Currency Account

CurrencyGross Annual Interest RateAER
British Pound (GBP)
2.62%2.65%
US Dollar (USD)
2.23%2.25%
Hong Kong Dollar (HKD)
1.79%1.80%
Singapore Dollar (SGD)
1.49%1.50%
Euro (EUR)
1.24%1.25%
Chinese Yuan (CNY)
1.00%1.00%
Japanese Yen (JPY)
0.75%0.75%
Emirati Dirham (AED)
2.76%2.80%
Swiss Franc (CHF)
0.10%0.10%
Refer to the following link for further details of current interest rate.
Important Notice:  Our interest rates may change. Kindly check the latest rates through your banking portal or mobile app after logging in.
Definitions
  1. AER stands for Annual Equivalent Rate. This shows you what the interest rate would be if interest was paid and compounded once each year.
  2. Gross is the rate of interest payable without taking account of any tax payable.
  3. Business Day refers to any days other than Saturday, Sunday, or Bank Holiday on which banks are open for business in London.
* Interest on your Single Currency Account is calculated on the balance at the end of each day and added to your account on the following Business Day.

Yes, iFAST Global Bank can change the interest rate on this account in any currency. This is in line with our account’s Terms and Conditions.

CurrencyInitial deposit at account openingInterest RateProjected balance after 12 months
GrossAER
British Pound (GBP)
£1,000.002.62%2.65%£1,026.50
US Dollar (USD)
US$1,000.002.23%2.25%US$1,022.50
Hong Kong Dollar (HKD)
HK$1,000.001.79%1.80%HK$1,018.05
Singapore Dollar (SGD)
S$1,000.001.49%1.50%S$1,015.00
Euro (EUR)
€1,000.001.24%1.25%€1,012.50
Chinese Yuan (CNY)
CN¥1,000.001.00%1.00%CN¥1,010.00
Japanese Yen (JPY)
JP¥1,000.000.75%0.75%JP¥1,007.50
Emirati Dirham (AED)
د.إ1,000.002.76%2.80%د.إ1,028.00
Swiss Franc (CHF)
SFr.1,000.000.10%0.10%SFr.1,001.00
Important Notice:  Our interest rates may change. Kindly check the latest rates through your banking portal or mobile app after logging in.
  1. The balance of your account after 12 months will depend on one payment of 1000 being deposited on the first day of account opening.
  2. The above projections are provided for illustrative purposes and do not take into account your individual circumstances.
  3. The example assumes that:
    • No further deposits or withdrawals are made;
    • Any interest earned stays in the account;
    • And there is no change to interest rates.
  1. Eligibility:
    • Please complete our digital onboarding process or submit your application for an iFAST Global Bank account via email. Once you're a client, you can apply online through your website portal or the iFAST Global Bank Business Banking app. Note that only users with Admin roles or those granted management permissions can open and manage the account.
  2. How to open the account:
    • You can raise your request for new multi currency account using your website portal or iFAST Global Bank business banking app. Once we receive your instruction, we will proceed for the new single-currency account opening.
    • You can apply this Single-currency Account via the iFAST Global Bank website or mobile APP.
  3. Minimum/ Maximum Balance: 
    • Minimum deposit is 1 dollar (for any of the following currencies value: GBP/ EUR/ USD/ HKD/ SGD/ CNY/ JPY/ AED/ CHF).
    • No maximum deposit amount.
  4. How to manage the account:
    • Once opened, Single-currency Account can be managed via our online customer banking portal or mobile app with 24/7 access.
    • Statements for single-currency account can be found via our online customer banking portal or mobile app with 24/7 access.

Yes, you have instant access to your account. You can make as many withdrawals as you want.

  1. Single-currency Account interest is accrued daily and credited into your account on the 1st of each month.
  2. We do not deduct tax from any interest paid to you. You will be responsible for the payment of any taxes in connection with the Single-currency Account or the interest earned by you.
  3. iFAST Global Bank Single-currency Account supports cross-border inward & outward transfers by FPS and CHAPS for GBP, and SWIFT in nine currencies GBP, USD, EUR, SGD, HKD, CNY, JPY, AED and CHF.

FAQs

Single-Currency Account allows you to maximize the earning potential of your business funds with flexible single-currency accounts, designed to align with your unique operational requirements. 
An approved Business Banking account comes with a Multi-Currency Account by default.

Then, you can apply additionally for Single Currency account using your website portal or iFAST Global Bank business banking app by clicking the "Add New Account".

Once we receive your instruction, we will proceed for the new single-currency account opening.

Do note that only users with Admin roles or those granted management permissions can open and manage the account.
Your account will remain active, even if there have been no transactions/transfers for several years.
As Single-Currency Account only supports one single currency at a time. Hence, only one currency can be selected when creating a Single-Currency Account. 

The supporting currencies are: GBP, USD, EUR, HKD, SGD, CNY, JPY, AED and CHF.