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Currency access

Our savings account offering access to 15 currencies with same day access

Find out more about our currency access account

Eligibility

£300k
Minimum yearly earnings
£3m
Net worth

To open a new Currency Access 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

Please note these accounts are for personal use only.

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). 

A dedicated foreign currency account
Interest paid monthly

Interest (where applicable) is calculated daily and paid on a monthly basis and differs between currencies. See a full list of interest rates below for more details.

Same day access to funds

This account is designed for moving money through different currencies, no notice required.

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 or the Investec App.

 

**Rates differ between currencies. See our full details below. If you don't meet the criteria to become a Private Banking client, you can still earn a competitive interest rate on amounts between £5k and £250k by opening an Investec Save account.

Key product information summary box

  • What is the interest rate?

    ProductCurrencyGrossAER*
    Sterling **GBP3.49%3.55%
    US DollarUSD2.26%2.32%
    Euro **EUR1.40%1.43%
    Australian DollarAUD0.00%0.00%
    Canadian DollarCAD0.00%0.00%
    Danish KroneDKK0.00%0.00%
    Hong Kong DollarHKD0.00%0.00%
    Israeli ShekelILS0.00%0.00%
    Japanese YenJPY0.00%0.00%
    New Zealand DollarNZD0.00%0.00%
    Norwegian KroneNOK0.00%0.00%
    Singapore DollarSGD0.00%0.00%
    South African RandZAR0.00%0.00%
    Swedish KronaSEK0.00%0.00%
    Swiss FrancCHF0.00%0.00%
     

    * 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 contractual interest rate paid before the deduction of any tax. 


    ** Please be aware of the below updated rates with effective date 29 July 2025.
     

    ProductCurrencyGrossAER*
    SterlingGBP3.29%3.34%
    EuroEUR1.00%1.02%

  • 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.

  • 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 £1,035.44 after 12 months (non leap year). Illustrative examples of other currencies shown below:

    CurrencyInitial depositEstimate balance after 12 months
    Sterling (GBP)£1,000£1,035.44 / (£1,033.40*)
    US dollar (USD)$1,000$1,023.15
    Euro (EUR)€1,000€1,014.29 / (€1,010.19*)


    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 Currency Access Account on a monthly basis.

    * estimated balances following rate reductions effective 29 July 2025

  • How do I open and manage my account?

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

    No minimum initial deposit requirement.

    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.

  • Additional information

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

    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.

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 Save accounts and managing the account yourself online.

Can you lock your money away for longer?

We offer one and three month notice savings accounts that pay a higher interest rate in return for you needing to give us one or three months' notice to make a withdrawal. 

Download the Currency Access Account Factsheet PDF 1.18 MB

I’m a Private Banking client

Apply today in Investec Online. 
  1. Log into Investec Online. 
  2. Choose 'Open a new account' on your dashboard. 
  3. Go to the 'Save' tab, or find it via the Bank category on the 'For you' page. 

I'm not yet a Private Banking client

If you want an exceptional private banking service that is designed to suit your individual needs, get in touch with our dedicated private banking team.

Share your contact details and one of our team will reach out to discuss how we can help.

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Investec Bank plc and its subsidiaries recognise and respect the privacy and data protection rights of individuals with regards to personal data. 
 
We may use your personal data to provide you with services you request from us, or to manage your accounts, make decisions, detect and prevent fraud, fulfil any contractual relationship with you, undertake analysis and assessment, ensure that we comply with legal and regulatory requirements and/or for other purposes where in our legitimate interests. 
 
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Important information

Investec Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Financial Services Register number 172330. Registered in England and Wales (No. 489604). Registered office at 30 Gresham Street, London, EC2V 7QP. Member of the London Stock Exchange.

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

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