Investec fixed-term savings
 

Fixed-term savings

Protect yourself from rate changes

    

When saving for your future, it’s important to make your money work for you.

  • Make the most of your money
    If you have between £25,000 - £1,000,000 to save, we offer interest rates from 1.85% - 2.25% AER* depending on the term.
     
     
     
     
     
     
     
  • Choose the best option for you
    Fixed-term savings accounts are ideal when you want to be rewarded for your long-term savings. 
  

Apply for a fixed-term deposit

When you open a fixed-term deposit with us, we’ll open a free E-asy Access Account for your deposit to mature into.

 
1.85% AER*
1 Year Fixed Term Deposit

Save for one year

Save for an agreed period and get a competitive rate.

1.95% AER*
18 Month Fixed Term Deposit

Save for 18 months

A savings option to help you plan for the medium-term.

2.20% AER*
2 Year Fixed Term Deposit

Save for two years

Greater protection from unexpected rate changes.

2.25% AER*
3 Year Fixed Term Deposit

Save for three years

Enhanced returns that will help you plan for the future.

Summary box: fixed-term deposits

  • Eligibility

    Minimum balance of £25,000.
    Maximum balance allowed is £1,000,000.
    Available to UK residents only. 
    Account available to individuals over the age of 16.

  • Interest

    Interest will be calculated daily and will not be compounded at any time.
    Interest is paid monthly or annually, depending on the frequency selected by you at the time you applied.
    If the annual interest option for 18-month Fixed-Term Deposit is selected, please note interest will be paid annually and on maturity.

  • Current rates

    See the table below for a list of current rates available on balances between £25,000-£1,000,000: 
     
    Current rates
      1 Year Fixed Term Deposit 18 Month Fixed Term Deposit 2 Year Fixed Term Deposit 3 Year Fixed Term Deposit
    Monthly interest option (gross p.a.) 1.83% 1.93% 2.18% 2.23%
    Monthly interest option (AER*) 1.85% 1.95% 2.20% 2.25%
    Annual interest option (gross p.a./AER*) 1.85% 1.95% 2.20% 2.25%
  • Can Investec change the interest rate?

    The interest rate will be fixed for the deposit term. For more details on the rate, go to the Fixed-term Deposits conditions which can be found here (page 28, terms 4.1 – 4.4).
  • Tax status

    Interest is 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 question 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.
  • Withdrawal

    As these are Fixed-term Deposits, no early withdrawals are permitted.
    Direct debits and standing orders cannot be made out of these accounts.
    Fixed-term Deposits are opened with an Investec fee-free E-asy Access Account (only available to clients opening a fixed-term deposit) into which interest can be paid and deposits can mature.

  • Access

    Access to account information via online and telephone banking.
  • What would the estimated balance be after 12 months, based on a £25,000 deposit?

    At current interest rates a deposit of £25,000 would generate the following interest**:
     
    Term Initial deposit Balance on expiry date
    Term Annual interest Monthly interest
    1 Year Fixed Term Deposit £25,000 12 months £25,462.50 £25,457.50
    18 Month Fixed Term Deposit £25,000 18 months £25,731.25 £25,723.75
    2 Year Fixed Term Deposit £25,000 24 months £26,100.00 £26,090.00
    3 Year Fixed Term Deposit £25,000 36 months £26,687.50 £26,672.50
  • Further information

    For further information please contact us on +44 (0) 20 7597 4131 or visit www.investec.com. Investec Specialist Bank is a part of 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.
     
    **Interest is not compounded and will be paid to the account selected by you at the point of application.
  • What happens next?

    • You place your fixed-term deposit with us
    • We open an Investec E-asy Access Account for your deposit to mature into
    • We will send you a welcome pack
    • Your interest can be paid into any account you hold
    • You can access your account information online or via telephone banking.

Not sure what's best for you? Talk to our savings experts

Peace of mind

Your eligible deposits are protected under the UK’s Financial Services Compensation Scheme (FSCS). 

24/7 always on

You’re always in full control with immediate access to your account through online and mobile banking.

Existing clients

Open an additional savings account without the lengthy application process through Investec Online.

You might also be interested in:

Click & Invest

Experience active management of your investments with the convenience of instant access. 

Structured Deposits

Our range of products give you a high level of certainty within a defined period of time. 

Investment Management

Secure your future and achieve your financial ambitions with our range of investment management services.

Download our banking relationship agreement
* 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. Rates correct as at 2 July 2018.