There’s no interest paid on your euro balance.
From 4th November 2020, you’ll be charged interest of -0.5% AER on deposits that you hold over €50,000. This brings us into line with the negative interest rates on deposits in force throughout the Eurozone. For example, if you’ve got €51,000 in your account, you’ll only be charged interest on that extra €1,000. If you hold €51,000 for a full year, you would be charged €5.00 per year.
Interest will be accrued daily, and charged monthly.