Poor returns
Savings Accounts: Interest Rates Paid on Balances of £25,000 (with bonuses)
(27 October 2006 – 27 January 2007)
All savings accounts across the categories of no notice, notice, internet, monthly interest term and instant access accounts – data supplied by www..moneyfacts.co.uk, correct as at 27/01/07.
Investec Private Bank does not rely on bonuses to offer attractive returns. It aims to provide its clients with some of the most consistently competitive rates in the savings marketplace and to be as transparent as possible with them.
According to Moneyfacts, 152 savings accounts currently pay over 5.01% for balances of £25,000. One of these is the Investec High 5 Account, which currently offers an interest rate of 5.81% gross AER2 and always pays the average of the five highest savings rates in the market3. The rate is independently calculated and a minimum investment of £25,000 is required.
To find out more about Investec Private Bank’s High 5 Account and its range of other savings accounts, please call 0845 366 6333 or visit www.investecprivatebank.co.uk/high5. The next results of the Index will be available in May / June 2007.
2The Annual Equivalent Rate (AER) is a notional rate, which illustrates the contractual interest rate as if paid and compounded on an annual basis.
3 The rate is based on the average of the top 5 savings rates published on the Moneyfacts website www.Moneyfacts.co.uk across the categories of no notice, notice, internet, and monthly interest accounts. The rate is correct as at 15 January 2007 and subject to variation.
