Deposit interest rates

Investec Wealth & Investment (CI)

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In accordance with our current rate card, money in your portfolio will be held in a Pooled Client Money Account along with monies held on behalf of other clients. We will use a managed rate to calculate your interest and may at our discretion apply zero interest.  Current Interest rates for Sterling (GBP) are displayed below.

WITH EFFECT FROM 1st April 2024

The rate of 2.85% interest (paid gross) applies to Sterling cash deposit balances

Non-Sterling deposits

Non-Sterling balances in your portfolio will be held in Pooled Client Money Account along with monies held on behalf of other clients. We will use a managed rate to calculate your interest and may at our discretion apply zero or negative interest. Currently we apply interest on the following currencies:

2.30%

US Dollars (effective 1st April 2024)

1.75%

Euros (effective 1st April 2024)

5.10%

South African Rands (effective 3rd August 2023)

All other Non-Sterling balances currently have an interest rate of zero.

For further information and terms please refer to our Terms and Conditions or contact your investment manager.