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Money Market Tracker

Institutional rates for private clients. A 90 day notice account.


Earn up to 1.5% over the UK base rate


> Allows you to earn up to 1.5% over the Bank of England base rate...
> ...and doesn't return less than the Bank of England base rate
> Enables you to actively track money market rates


> For more information, call us on +44 20 7597 4012...
> ...or email us on ipbtreasury@investec.co.uk
> Visit our account opening page for application forms or to send us an enquiry


Have the confidence of knowing rates will never fall below the Bank of England base rate

How do we calculate the rate?


  • We use the higher side of the market by quoting the LIBOR rate and paying a premium of 0.50% above this
     
  • You choose which rate to track - either the money market overnight LIBOR rate (Daily Tracker) or the money market one-month LIBOR rate (Monthly Tracker) - and we add the 0.50% premium
     
  • We allow you to fix the monthly rate at any time for a one-month period
     
  • The account is a 90-day notice account
     
  • The minimum qualifying balance is £100,000
     
  • Interest is paid monthly

 

This account is offered by Investec Bank plc


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> Click and hold to select a period that you wish to zoom in on
> Rates shown in the graph are gross


Money Market Tracker rates are updated at midday every day subject to release of the LIBOR rates by the British Bankers Association. The updated rate is applied to the accounts for interest accrual purposes. Previous day's rates must be regarded as being for indication purposes only.

1 Rate applies to the monthly Money Market Tracker, and is 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.


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/money_market_tracker.html

Published: Monday, August 23, 2010

 

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