Direct Reserve Account
A multi-currency, high interest savings account with one-month's notice.
Our Direct Reserve Account features a system of tiered interest rates, meaning that the higher your balance, the greater the interest you earn.
- One-month notice
- Tiered interest rates based on account balance
- Interest is calculated daily and paid monthly or annually
- Available in sterling, euros or US dollars
- Minimum balance to open the account and earn interest of £25,000 or US$25,000 or €25,000 respectively
- Maximum balance £2,000,000 or US$2,000,000 or €2,000,000
This account is offered by Investec Bank plc.
Interest rates for the Direct Reserve account (all gross AER*) from 3 July 2013
| Balance in currency | Sterling | Euro | US Dollar |
|---|---|---|---|
| 25,000 to 49,999 | 1.80% | 0.75% | 0.75% |
| 50,000 to 2,000,000 |
1.95% | 0.75% | 0.75% |
Interest rates for the Direct Reserve account (all gross AER*) from 30 November 2012
| Balance in currency | Sterling | Euro | US Dollar |
|---|---|---|---|
| 25,000 to 49,999 | 1.80% | 0.95% | 1.20% |
| 50,000 to 99,999 | 2.00% | 0.95% | 1.20% |
| 100,000 to 249,999 | 2.25% | 1.05% | 1.30% |
| 250,000 to 499,999 | 2.25% | 1.15% | 1.40% |
| 500,000+ | 2.25% | 1.25% | 1.50% |
How to apply
- For more information, call us on +44 20 7597 4131 or email ukbankingsales@investec.co.uk
- Visit our account opening page for application forms or to send us an enquiry
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. Rates shown are correct as at 1 May 2013 and subject to variation.
