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 2.05% - 2.40% 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.
 
2.05% AER*
1 Year Fixed Term Deposit

Save for one year

Save for an agreed period and get a competitive rate.

2.15% AER*
18 Month Fixed Term Deposit

Save for 18 months

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

2.35% AER*
2 Year Fixed Term Deposit

Save for two years

Greater protection from unexpected rate changes.

2.40% 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

  • Account name

    Fixed term deposit

  • Key features

    • No access to funds available during the term
    • Interest rates are fixed
    • Interest is paid monthly or annually
    • Access your account information via Investec Online or telephone banking
  • Eligibility

    • A minimum balance of £25,000 is required
    • The maximum balance allowed is £1,000,000
    • Available to UK residents only
  • What is the interest rate?

    Term Monthly interest option gross p.a.^ Monthly interest option AER* Annual interest option gross p.a.^/AER*
    1 Year fixed term deposit 2.03% 2.05% 2.05%
    18 Month fixed term deposit 2.13% 2.15% 2.15%
    2 Year fixed term deposit 2.33% 2.35% 2.35%
    3 Year fixed term deposit 2.37% 2.40% 2.40%
    Term Monthly interest option gross p.a.^ Monthly interest option AER* Annual interest option gross p.a.^/AER*
    1 Year fixed term deposit 2.03% 2.05% 2.05%
    18 Month fixed term deposit 2.13% 2.15% 2.15%
    2 Year fixed term deposit 2.33% 2.35% 2.35%
    3 Year fixed term deposit 2.37% 2.40% 2.40%
     
    Interest is calculated daily and paid either monthly or annually on the equivalent dateyou opened the account, depending on the frequency you choose at application. For the18 month fixed term deposit, if the annual interest option is selected, interest is paid annuallyand at the end of the fixed term.
     
    Interest is not compounded and it is paid to the account you specify at application.
  • Can Investec change the interest rate?

    No. The interest rate is fixed for the deposit term. For more details on the rate,go to the fixed term deposits conditions which can be found here  (page 40, terms 4.1 – 4.4)

  • What would the estimated balance be after the end of the fixed term based on a £25,000 deposit?

    The balance on a £25,000 deposit at the end of the chosen fixed term would be:

    Term Initial deposit Balance on expiray date
    Term Annual Interest option Monthly Interest option
    1 Year fixed term deposit £25,000 12 Months £25,512.50 £25,507.50
    18 Month fixed term deposit £25,000 18 Months £25,806.25
    £25,798.75
    2 Year fixed term deposit £25,000 24 Months £26,175.00
    £26,165.00
    3 Year fixed term deposit £25,000 36 Months £26,800.00
    £26,777.50
    Term Initial deposit Balance on expiray date
    Term Annual Interest option Monthly Interest option
    1 Year fixed term deposit £25,000 12 Months £25,512.50 £25,507.50
    18 Month fixed term deposit £25,000 18 Months £25,806.25
    £25,798.75
    2 Year fixed term deposit £25,000 24 Months £26,175.00
    £26,165.00
    3 Year fixed term deposit £25,000 36 Months £26,800.00
    £26,777.50
     
    The examples above assume:
    • A deposit of £25,000
    The examples above are provided for illustrative purposes only and are not based onindividual circumstances.
     
  • How do I open and manage my account?

    This account is available to UK residents who are over the age of 16. The minimum deposit permitted is £25,000.
     
    The maximum deposit and maximum balance allowed is £1,000,000.
     
    Once the account is open, no further deposits or withdrawals can be made.This account is opened and operated via Investec Online and telephone banking.You do not have to have another account with us to open a fixed term deposit. Fixed term deposit accounts are opened with an Investec E-asy Access Account into which you can askus to pay interest. 

  • Can I withdraw money?

    This is a fixed term deposit account, with no withdrawals permitted before the end of the fixed term.
     
    Fixed term deposits are opened with an Investec E-asy Access Account into which interest can be paid and deposits can mature. At the end of your fixed term, your fundswill be transferred to your E-asy Access Account unless you instruct us to transfer your funds to another account held in your name.
  • Additional information

    Interest is paid without tax being deducted from 6 April 2016. Your tax treatment of theinterest receipt will depend on your individual circumstances and if you have any specific taxquestions, you should seek professional tax advice. Alternatively, further guidance can befound on the HMRC website.
     
    Please note that your tax treatment may be subject to change in the future.

Download Fixed Term Deposit summary box

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:

Notice Plus Account

Choose from a range of notice period and immediate access options. 

E-asy Access Account

With no restrictions on the number of withdrawals you can make, access your money whenever you need it.

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 28 November 2018.
ˆ Gross p.a. is the rate of interest before any tax is deducted.