Online Business Savings Account

This account is currently closed to new applications. This page is for information purposes only.

Corporate building in the city

FSCS protected

Our business savings accounts are protected by the Financial Services Compensation Scheme (FSCS).

Peace of mind

We have a long-term deposit rating of A1 with Moody’s and your eligible deposits are protected up to a total of £85,000 by the FSCS.

Online access

You’re always in full control with 24/7 access to your account through our digital banking platform.

Frequently asked questions

  • What is the account name?

    Investec Business Savings

    GBP 32-day Notice Account – Issue 4

  • What is the interest rate?

    • Interest will be paid on the full deposit in the Account, providing the total deposited amount is between the minimum value of £40,000 and the maximum value of £800,000.
    • If the Account balance goes below £40,000, interest will be set to 0.00% gross/AER* on the full balance, calculated daily, on each of the days that the balance is below £40,000.
    • If the Account balance goes above £800,000, interest will be set to 0.00% gross/AER* on the full balance, calculated daily, on each of the days that the balance is above £800,000.
    BalanceInterest rate
    £0-£39,999.990.00.% gross/AER* on the full deposited amount 
    £40,000-£800,0001.74% gross p.a.^/ 1.75% AER* on the full deposited amount 
    >£800,0000.00% gross/AER* on the full deposited amount

     

    • Interest is calculated on the cleared daily closing balance in the account, using the interest rate applicable on that day. If a withdrawal request has been made, interest will be calculated on the total amount in the account up until, but not including the day of the withdrawal.
    • Interest is applied to the account on the first business day of every month.
    • AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance annually. AER is intended to help you easily compare the return available on different savings products.
    • Interest will be paid gross. The gross interest rate does not take into account any tax payable.

    Businesses that are part of a group

    A Group is defined as either, multiple entities that form a part of the same corporate structure, or where companies are linked by ownership, which is where the same person(s) own greater than 50% of multiple individual business entities. If your business is part of a group of businesses, or is linked to other businesses through its ownership structure, (the “Group”), you can apply for the Business Savings Account, but the £800,000 deposit limit will apply to the Group as a whole. This means that the deposit balances of each account within the Group will be aggregated, and the Group’s total aggregated balance must not exceed £800,000. We’ll contact you if you exceed this limit, or if you look likely to, as we may offer another product that’s more suitable for your needs. Alternatively, you can withdraw money to reduce your aggregated Group balance.

  • Can Investec Bank plc change the interest rate?

    • Interest rates are variable and can be increased or reduced at any time at our sole discretion as outlined in our Online Deposit Terms and Conditions (Section 3). 
    • If we increase your account’s interest rate, we will announce the increase on our website, and the change will take effect on the first day of the next calendar month (or in certain cases, immediately). 
    • If we decrease the interest rate, we will notify you at least 46 calendar day before the decrease takes effect and provide a reminder 14 days before.
  • What would the estimated balance be after 12 months based on two example deposit amounts?

    Balance at Account OpeningBalance After 12 Months Interest Earned
    £100,000£101,754£1,754
    £750,000£763,155£13,155


    These examples assume that no further deposits or withdrawals are made, and the interest earned is paid in to the Account monthly.

  • How do I open and manage my Business Savings account?

    This account is closed to new applications.

    If you have a Business Savings account already, you can manage it through our online digital platform,  Investec ix. Statements will be issued monthly via the Investec ix platform. For further information please contact us via email at Business.Savings@investec.co.uk.

  • Can I withdraw money?

    • You can withdraw your money at any time, and in any amount, subject to giving us 32 calendar days’ notice of the intention to make a withdrawal.  There are no limitations on the number of withdrawals you can make.
    • You can request to withdraw funds via our online banking platform, Investec ix.
    • Withdrawn money will be sent back to the linked account used to send us money.
    • There are no charges or penalties for withdrawing your money in line with the notice period requirements on the account.
  • Additional information

    For further information please contact us on +44 (0)20 7597 5539.

    • The information provided in this summary box is a summary of the key features of this Account. It should be read in conjunction with our Product Sheet and the Online Deposit Terms and Conditions (which can be found on this page below), and not used as a substitute for those Terms.
    • You can only make electronic payments to and from the Business Savings Account.
    • You can only make and receive payments from one account and the account must be in your business's name.
    • If the account balance goes to £0, and remains at £0 for 6 months, we can close the Account at our discretion.
    • AER* (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once a year. Interest will be paid gross.
    • The gross^ interest rate does not take into account any tax payable.
    • Your tax treatment of the interest received will depend on your individual circumstances. If you have any specific tax questions you should seek professional tax advice.
    • Alternatively, further guidance can be found on the HMRC website.  Please note that your tax treatment may be subject to change in the future.

We keep earning our stripes

Excellent Investec 32-day Business Notice Account 1.75%

Business Moneyfacts

Excellent Investec 32-day Business Notice Account 1.75%

Best Buy 32-day Business Notice Account 1.75%

Moneyfacts

Best Buy 32-day Business Notice Account 1.75%

Downloads

Download the Business Savings Account product sheet PDF 740.97 KB
Download the Online Deposit Terms and Conditions PDF 964.86 KB
Download the Business Savings Account FSCS FAQs PDF 594.7 KB

*AER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once a year. AER is intended to be an indicative to help you compare the return on different savings products. 

^Gross p.a is the rate of interest before any tax is deducted.

Investec Bank plc (registered no. 489604). Registered address: 30 Gresham Street, London, EC2V 7QP.

Investec Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority and is a member of the London Stock Exchange.