Voyage

Account information

Your Voyage account

 

Voyage is a bank account that has been designed to meet your day to day banking needs, as well as to support your international banking requirements.. If the answers to your questions are not covered in the FAQs below, you can speak to a member of our Private Banking Team, 24/7/365.

Interest rates

  • The interest rate that will be paid on your account is 0.10% gross p.a./AER* variable on balances up to £250k. Any funds over this amount will earn interest at 0.00% gross p.a./AER* variable.
  • There is no minimum balance required in order to earn interest on the funds in your account.
  • Interest, where applicable, is calculated daily and paid monthly, on your statement date.
Here are the historical rates that have been paid on the account:
From To  Rate
22 October 2020   0.10% gross p.a./AER* variable interest paid on balances up to £250k and 0.00% gross p.a./AER* variable on any portion of funds over this amount.
4 December 2017 21 October 2020 0.50% gross p.a./AER* variable interest paid on balances up to £250k and 0.05% gross p.a./AER* variable on any portion of funds over this amount.
30 January 2017 3 December 2017 0.50% gross p.a./AER* variable interest paid on balances up to £1m and 0.25% gross p.a./AER* variable on any portion of funds over this amount.
10 October 2016 29 January 2017 1.00% gross per annum AER* on balances up to £1m and 0.25% gross per annum/0.25% AER* variable
1 July 2015 9 October 2016 1.50% gross per annum/1.51% AER* on balances up to £1m and 0.25% gross per annum/0.25% AER* variable
1 November 2012 30 June 2015 1.50% gross per annum/1.51% AER*
From To  Rate
22 October 2020   0.10% gross p.a./AER* variable interest paid on balances up to £250k and 0.00% gross p.a./AER* variable on any portion of funds over this amount.
4 December 2017 21 October 2020 0.50% gross p.a./AER* variable interest paid on balances up to £250k and 0.05% gross p.a./AER* variable on any portion of funds over this amount.
30 January 2017 3 December 2017 0.50% gross p.a./AER* variable interest paid on balances up to £1m and 0.25% gross p.a./AER* variable on any portion of funds over this amount.
10 October 2016 29 January 2017 1.00% gross per annum AER* on balances up to £1m and 0.25% gross per annum/0.25% AER* variable
1 July 2015 9 October 2016 1.50% gross per annum/1.51% AER* on balances up to £1m and 0.25% gross per annum/0.25% AER* variable
1 November 2012 30 June 2015 1.50% gross per annum/1.51% AER*
 
Gross means the interest rate payable before the deduction of tax.
*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. Interest is variable and is paid monthly. 

Fees and charges

  • An annual fee of £500 for maintaining the account is payable from the date your account is opened. We will deduct the first year’s fee 30 days after the account opening date and we will deduct the fee automatically every twelve months after that. If you or we close the account after you have paid the fee, we will repay you the proportion of the fee representing the number of full months remaining for that year.
  • You can use your card to spend money that you have in your Voyage account. If a payment causes you to go into an arranged overdraft, we will charge you interest on this at the rate of 5% per annum (variable) above the Bank of England base rate (as that rate varies from time to time). If a payment causes you to go into an unarranged overdraft, we will charge you interest on this at the rate of 5% per annum (variable) above the Bank of England base rate (as that rate varies from time to time). The Bank of England base rate is available here.
  • Representative rate - based on an arranged overdraft of £1,200, the interest rate you will be charged is 0.87% EAR** (variable). This gives a representative rate  of 771.04% APR*** (variable). 
  • How does our overdraft compare? A good way to compare the cost of our overdraft with other overdrafts or other ways of borrowing is to look at the representative APR. The APR shows the cost of borrowing over a year and includes our £500 account fee.
  • Interest will be charged daily and applied monthly until you repay all amounts due to us.
  • We don’t charge any foreign currency fees when you use your Investec card in certain countries. This includes, when you make a debit card payment in a foreign currency, receive a credit (e.g. refund) to your debit card in a foreign currency; or make a cash withdrawal in foreign currency outside the UK. Any of these transactions made elsewhere and outside the UK will incur a foreign currency fee of 2% of the value of the transaction. To find out more click here. Local ATMs may also charge a usage fee.
  • Your Priority Pass card offers you and one guest unlimited access to over 1200 airport lounges around the world. The charge for each additional guest is £15.
  • No other fees are charged to your account.
  • If you have any questions about our charges, or charges that have appeared on your statement, please call us on : 0333 207 9423  (+44 (0)20 7597 4988 if calling from outside the UK).

Voyage FAQs

  • About the Voyage account arranged overdraft

    • You’ll pay interest at a rate of 5% plus the Bank of England Base Rate per annum (as that rate varies from time to time). This is a Tracker rate.
    • The first £1,000 of our arranged overdraft will not be subject to overdraft interest.
    • There are no arrangement, usage or renewal fees for the arranged overdraft facility.
    • Your arranged overdraft is repayable on demand.
    • Unarranged overdraft interest is charged at 5% plus the Bank of England base rate per annum (as that rate varies form time to time). This is a Tracker rate. This can be avoided as long as you remain within your arranged overdraft limit.
    • You’ll incur absolutely no additional charges when you remain within your limit.

    Representative rate

    Based on an arranged overdraft of £1,200, the interest rate you will be charged is 0.87% EAR** (variable). This gives a representative rate of 771.04% APR*** (variable).

     

    How does our overdraft compare?

    A good way to compare the cost of our overdraft with other overdrafts or other ways of borrowing is to look at the representative APR. The APR shows the cost of borrowing over a year and includes our £500 account fee.

    Visit the Voyage Arranged Overdraft page >

  • How your Voyage arranged overdraft works

    With some banks, you know that an overdraft can mean complex fees and confusing charges. Not with us. We believe you should have access to something altogether more compelling.

     

    With the Voyage account arranged overdraft:

     

    • You’ll pay interest at a rate of 5% plus the Bank of England Base Rate per annum (as that rate varies from time to time). This is a Tracker rate.
    • You’ll incur absolutely no additional charges when you remain within your limit.
    • There are no arrangement, usage or renewal fees.
    • Your arranged overdraft is repayable on demand.
    • Unarranged overdraft interest is charged at 5% plus the Bank of England Base Rate per annum (as that rate varies from time to time). This is a Tracker rate.

     

    Representative rate

    Based on an arranged overdraft of £1,200, the interest rate you will be charged is 0.87% EAR** (variable). This gives a representative rate of 771.04% APR*** (variable).

     

    How does our overdraft compare?

    A good way to compare the cost of our overdraft with other overdrafts or other ways of borrowing is to look at the representative APR. The APR shows the cost of borrowing over a year and includes our £500 account fee.

     

    Arranged overdraft requests are subject to approval.
  • Eligibility for the Voyage arranged overdraft

    You will be eligible for an arranged overdraft provided:

     

    • you satisfy our credit and internal due diligence checks;
    • you are a permanent resident of the UK, the Channel Islands or the Isle of Man;
    • you have (or in the case of joint applicants, one of you has) a minimum gross income of £300,000 per year and a net worth in excess of £3m.

    Additional income requirements may apply for self-employed applicants. Applications from existing Investec Group clients not meeting these requirements may still be considered.

  • How we calculate interest

    In order to find out what the interest rate is, please check your statement, visit us online or give us a call.

    Interest is calculated daily and paid monthly. We pay interest on accounts held with us without the deduction of tax. This does not mean interest is tax free income and your individual tax treatment depends on your specific circumstances.

    At the end of the tax year we will send you an interest certificate and it is your responsibility to settle the tax owed with HMRC. We cannot provide specific tax advice and if you have any questions, you should seek professional tax advice.Alternatively, further guidance can be found on the HMRC website www.hmrc.gov.uk. Please bear in mind your tax treatment may change in future.

  • Is there a minimum balance I have to keep in my account in order to earn interest?

    No, you do not need to keep a minimum balance in your account in order to earn interest.

     

  • Where can I find more information on the fees relating to my account?

    Please see the Fee Information Document and the terms of your account for more information about our fees for this account.

Need help?

For any day-to-day support on your account, contact the dedicated Private Banking Team who will be able to assist you 24/7.

You can call them on 0333 207 9423 or +44 (0)20 7597 4988 from outside the UK, or email them at: [email protected]

 

**Equivalent Annual Rate is a representative interest rate that shows the rate you would pay if you remained overdrawn for a year.
***The Annual Percentage Rate shows the cost of borrowing over a year, including the interest you’ll have to pay and applicable fees. It is intended to be used to help you compare the cost of our overdraft with other overdrafts and lending products.