ANNUAL REPORT 2010 169 SHARPENING OUR FOCUS reassessed on a monthly basis and carries interest at  approximately 1.0% (2009: 1.0%). The balance at the end  of the year was EUR 111 million (2009: EUR 98 million). The majority of cash is not subject to any restrictions. However,  the Dutch Central Bank requires AEGON The Netherlands to  hold 2% of its assets relating to banking activities in an account  with the Dutch Central Bank. This amount on deposit is  Note 2010 2009 Cash and cash equivalents 5,231 4,314 Bank overdrafts 23 (57) (301) NET CASH AND CASH EQUIVALENTS 5,174 4,013 EUR 12.7 billion (2009: EUR 8.9 billion) cash collateral is  received of which EUR 891 million (2009: EUR 992 million) is  included in cash and cash equivalents. This collateral relates  to security lending and repurchase agreements and margins  on derivatives transactions. A corresponding liability to repay  the cash is recognized in other liabilities (note 28). Refer to  note 49 for a discussion of collateral received and paid.  Investment of cash collateral received is restricted through  limitations on credit worthiness, duration, approved investment  The weighted effective interest rate on short-term deposits was  0.44% (2009: 0.49%) and these deposits have an average  maturity of 4.75 days (2009: 4.27 days).  For the purposes of the cash flow statement, cash and cash  equivalents comprise the following: categories and borrower limits. AEGON earns a share of the  spread between the collateral earnings and the rebate paid  to the borrower of the securities. Income from security  lending programs was approximately EUR 10 million  (2009: EUR 16 million; 2008: EUR 47 million). The carrying amounts disclosed reasonably approximate the  fair values as at the year end. NOTE 13.3 ACCRUED INCOME  NOTE 14  CASH AND CASH EQUIVALENTS  EUR 1,932 million of the accrued income is current  (2009: EUR 2,166 million). 2010 2009 Accrued interest 1,928 2,161 Other 11 9 AT DECEMBER 31 1,939 2,170 2010 2009 Cash at bank and in hand 1,833 1,361 Short-term deposits 1,285 1,614 Money market investments 1,222 347 Short-term collateral 891 992 AT DECEMBER 31 5,231 4,314