3 Month Reserve

Key product information summary box

• What is the interest rate?

  The 3 Month Reserve account is a three 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: 3.88% gross^ p.a. / 3.95% AER* (variable)
  On portion of balance over £1,000,000: 5.13% gross^ p.a. / 5.25% AER* (variable). Reducing to 4.73% gross^ p.a. / 4.83% AER* (variable) on 6th March 2025.

  Interest is calculated daily and paid on a monthly basis.

• 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 £1,039.49 after 12 months (non leap year).

  Initial Deposit: £1,000
  Estimated Balance after 12 months: £1,039.49

  Initial Deposit: £250,000
  Estimated Balance after 12 months: £259,874.34

  Initial Deposit: £1,000,000
  Estimated Balance after 12 months: £1,039,497.45

  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 3 Month 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?

  3 months' notice must be provided to withdraw funds. Notice may be given by telephone or via Investec Online.

• Additional information

  Interest on the account will be paid gross. 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.