E-asy Access Account

Summary box: E-asy Access Account

• Account name

  E-asy Access Account
  

• Key features

  • No notice required to access your savings
  • Access your account information online 24/7 or via telephone banking 8am-8pm Monday – Friday
  • A minimum balance of £10,000 is required
  • UK residents only
  • Interest is variable and managed rates apply
    

• What is the interest rate?

  This is an E-asy Access Account, paying a variable rate of interest.
  
  

  Current rates:	Gross p.a.^ (variable)/AER*
  £0 - £9,999	0.10%
  £10,000 - £1,000,000	1.19%/1.20%

  Current rates:	Gross p.a.^ (variable)/AER*
  £0 - £9,999	0.10%
  £10,000 - £1,000,000	1.19%/1.20%

  Interest is calculated daily and paid monthly. Interest is compounded unless paid away to a different account.
  

• Can Investec change the interest rate?

  Yes, the interest rate is variable. For details on how the rate can change, go to the Banking Relationship Agreement, which canbe found at www.investec.com/termsandconditions (Section 9).
  
  

• What would the estimated balance be after 12 months based on a £10,000 deposit?

  At current interest rates a deposit of £10,000 would generate an interest of £119.65 after 12 months. This would provide a final balance of £10,119.65.
   
  If at any time the balance falls below £10,000 a reduced interest rate of 0.10% gross p.a.^(variable)/AER* would be paid.  A balance of £5,000 would generate an interest of £5 after 12 months. This would provide a final balance of £5,005.00.
   
  Both examples above are provided for illustrative purposes only and are not based on individual circumstances.
   
  These illustrations also assume that the initial balance remains unchanged and that no withdrawals and no further deposits are made in this period. They also assume interest is paid into an Investec E-asy Access Account.
  
  

• How do I open and manage my account?

  This account is available to all UK residents (this includes residents of the Channel Islands and the Isle of Man) over the age of 16, with a minimum balance of £10,000.
  The maximum balance allowed is £1,000,000.
  This account is opened online and operated via Investec Online with telephone banking support.
  
  

• Can I withdraw money?

  This is an easy access account, with no restrictions on the number of withdrawals. Withdrawals can be made via online and telephone banking. 
  
  

• Additional information

  Interest will be paid without tax being deducted from 6 April 2016. 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.