Voyage Reserve

Our savings account offering access to funds after one month's notice

Image of a zebra
Image of a zebra

Eligibility

£300k
Minimum yearly earnings
£3m
Net worth

To open a new Voyage Reserve account you must be an existing Investec Private Bank client who:

  • is a UK or SA resident
  • has a transactional banking account with Investec Private Bank

Not a Private Banking client? Apply now

Protecting your money

Your eligible deposits of up to £85,000 are protected under the UK's Financial Services Compensation Scheme (FSCS). 

Benefits

Earn up to 5% on your savings

Interest paid monthly

  • Earn 3.20% gross p.a. / 3.25% AER (variable) on balances of up to £1 million
  • Earn 4.89% gross p.a. / 5.00% AER (variable) on balances over £1 million
  • Interest is calculated daily and paid on a monthly basis.

Access to funds with one month's notice

To withdraw funds from the account, you just need to give us one month’s notice via telephone or Investec Online.

Managed by your Private Banker

Our Private Bank savings accounts are overseen by your Private Banker, but can also be managed by you via Investec Online. High touch, high tech. 

Key product information summary box

  • What is the interest rate?

    The 1 Month Reserve account is a one-month notice account paying one rate of interest on balances up to £1 million and another rate for amounts above this as below.

    Current rates:
    £0 - £1,000,000: 3.20% gross p.a. / 3.25% AER* (variable)
    On portion of balance over £1,000,000: 4.89% gross p.a. / 5.00% AER* (variable)

    Interest is calculated daily and paid on a monthly basis.

  • What would the estimated balance be after 12 months based on a £1,000 deposit?

    At current interest rates the estimated balance of a £1,000 deposit would be £1,032.47 after 12 months (non leap year).

    Initial Deposit: £1,000
    Estimated Balance after 12 months: £1,032.47

    Initial Deposit: £250,000
    Estimated Balance after 12 months: £258,118.37

    Initial Deposit: £500,000
    Estimated Balance after 12 months: £516,236.75

    These examples are illustrative only and are based on the assumption that the initial deposit does not change throughout the period, there are no changes to the rate and interest is paid back into the Voyage Reserve account on a monthly basis.  

  • How do I open and manage my account?

    This account can be opened and managed via Investec Online or over the telephone.

    There is no minimum initial deposit.

    There is no maximum balance limit. We may, however, decline to accept your application/ additional deposits to avoid excessive exposure to a single client if we consider the total value of deposits you hold with us exceeds a limit we consider reasonable.

  • Can I withdraw money?

    Funds can be withdrawn without giving notice by telephone or via Investec Online.

  • Can I set-up direct debits and standing orders from the account?

    No, this is not possible. You need to give Investec one month's notice to withdraw funds. 

  • Additional information

    Direct debits and standing orders cannot be set up on this account.

    Interest will be paid without tax being deducted. Your tax treatment of the interest receipt will depend on your individual circumstances and 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.

  • Can Investec change the interest rate?

    Investec can change the interest rate.

    We will give you notice of any change to the interest rate in accordance with section 9 of the Investec Bank plc Banking Relationship Agreement which can be found at Investec.com/termsandconditions.

    We will tell you by email if and when we change the interest rate.

Other FAQs

  • Is tax deducted from interest payments?

    Where applicable, interest will be paid without tax being deducted. Your tax treatment of the interest receipt will depend on your individual circumstances and 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.

  • What if I don't qualify to be a Private Banking client?

    If you don't have an annual income of £300,000 and a net asset value of £3 million to become a Private Banking client, you can still earn a competitive interest rate on balances over £5,000 by opening one of Investec's Online Savings Accounts and managing the account yourself online. 

Can you lock your money away for longer?

Our 3 Month Reserve savings account pays a higher interest rate in return for you needing to give us three months' notice to make a withdrawal. 

Product factsheet

Download the Voyage Reserve Factsheet PDF 408.67 KB

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