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Direct Reserve Account

A multi-currency, high interest savings account with one month's notice.


Earn attractive rates on sterling, US dollars and euro

> The Direct Reserve Account is a one-month notice savings account
> Available in sterling, US dollars and euros
> Offers attractive rates of interest in each currency


Apply now> Call us on 0845 366 6333 [UK only] or +44 20 7597 4131
> Email us on ukbankingsales@investec.co.uk
> Visit our account opening page for application forms or to send us an enquiry


Interest rates for the Direct Reserve account (all gross AER1)


Balance in currencySterlingEuroUS Dollar
25,000 to 49,9991.8%n/an/a
50,000 to 99,9992.0%1.2%1.2%
100,000 to 249,9992.25%1.3%1.3%
250,000 to 499,9992.25%1.4%1.4%
500,000+2.5%1.5%1.5%

 


 

How do we calculate the rate?

  • The account operates on a one-month notice basis
     
  • Tiered interest rates are available, ensuring that your interest rate increases the more you save
     
  • Interest on qualifying balances is calculated daily and credited to the account on a monthly or annual basis
     
  • The minimum balance required to open and operate the account is £25,000, US$50,000 and €50,000 respectively

 

This account is offered by Investec Bank plc


1Rates shown are correct as at .. and subject to variation. AER stands for the Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once a year. ‘Gross’ is the interest rate paid before the deduction of tax.

By telephoning the above phone number, your call will be routed to Investec Limited in South Africa. Similarly, data provided to the above e-mail address will be sent to Investec Limited in South Africa. Any data (including personal data) that is provided by phone/e-mail in this way will be retained for marketing purposes. Data will not be disclosed outside the Investec group of companies and will be treated with full regard to the United Kingdom's Data Protection legislation. Refer Investec Bank plc's data protection policy (accessible via a link from this website) for further information. By supplying a telephone number you consent to an Investec Bank plc client manager based in South Africa calling you from time to time with Product and Services information. By supplying an e-mail or postal address, you consent to receiving Product and Services information via these channels.




Find out more

Contact:
The Banking team
Phone number:
+44 20 7597 4131
Contacts page
 

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Copyright © Investec Limited 2008
Article from Investec: http://www.investec.com/en_pb/home/deposits_and_banking_services/personal_savings_accounts/direct_reserve_account.html

Published: Monday, August 23, 2010

 

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