Horizon Account

90-day notice account from the Channel Islands

 

When you’re looking to maximise your offshore savings and short-term access to your funds is less of a priority, our multi-currency Horizon account lets you earn a competitive rate of interest with no fixed term. You can access your money with 90 days’ notice. The Executive Horizon account is available in sterling only and to Channel Island residents only.

Earn while you save

The higher your balance, the greater interest you earn on your Horizon account, thanks to tiered interest. With no fixed term, your savings will stay invested until you provide 90 days’ notice to withdraw them.

Channel Islands residents

If you live in the Channel Islands, you can open an Executive Horizon account in sterling only. On savings up to £250,000 you earn 0.75% AER* interest and you benefit from 1% AER* if your balance is over £250,000.

Who can apply?

Horizon Account

You’re eligible to apply if you earn an annual income of £300,000 or more or have a net asset value of £3m.

Executive Horizon account

To open an Executive Horizon Account you need to be a Channel Islands resident, have a minimal annual income of £100,000 or net asset value of £1m, and a minimum balance of £25,000, in sterling only.

No fixed term

No fixed term meaning your funds stay invested at the applicable rate until you choose to withdraw them.

Multiple currencies

The Horizon account is available in sterling, euro, US dollar, Australian dollar, Canadian dollar, Japanese yen, Norwegian krone, Singapore dollar, South African rand and Swiss franc. Minimum balance is £25,000, US$50,000 or €50,000.

Access to Executive Savings

Channel Islands residents are able to access the Executive Horizon account which is available in sterling only and has a minimum balance of £25,000. The Executive Horizon account offers a higher rate banding for balances over £250,000.

Exclusive

This product is exclusively offered by Investec Bank (Channel Islands) Limited.

Online access

Accounts can be viewed online. Funds in the account will be paid out after you have provided the 90 days notice.

Interest

Variable interest rates. Interest is calculated daily and paid quarterly. It can be reinvested or paid out free of charge.

Horizon account – indicative rates

All rates correct as at 2 August 2018.

Sterling (GBP)
From To Rate (AER*) Gross rate**
£25,000 £499,000 0.65% 0.65%
£500,000 - 0.75% 0.75%
Euro (EUR)
From To Rate (AER*) Gross rate**
All balances - 0.00% 0.00%
US dollar (USD)
From To Rate (AER*) Gross rate**
$50,000 $499,000 1.10% 1.10%
$500,000 - 1.46% 1.45%
AUD Horizon account rates
From To Rate (AER*) Gross rate**
AS$50,000 AS$799,999 1.26% 1.25%
AS$800,000 - 1.86% 1.85%
South African Rand (ZAR) rates
From To Rate (AER*) Gross rate**
R500,000 R8,499,999 5.09% 5.00%
R8,500,000 - 7.19% 7.00%
Canadian dollar (CAD)
From To Rate (AER*) Gross rate**
C$50,000 C$829,999 0.50% 0.50%
C$830,000 - 0.70%
0.70%
Norwegian Krone (NOK)
250,000 5,499,999 0.25%
0.25%
5,500,000 - 0.55%
0.55%
Swiss Franc (CHF)
All balances - 0.00%
0.00%

Executive Horizon account – indicative rates

All rates correct as at August 2018.  This account is available for Channel Islands residents only.

Executive Horizon account (CI residents only) indicative rates
Balance Rate (AER*) Gross**
£50,000 - £249,000 1.00% 1.00%
£250,000+ 1.25% 1.25%
Executive Horizon account (CI residents only) indicative rates
Balance Rate (AER*) Gross**
£50,000 - £249,000 1.00% 1.00%
£250,000+ 1.25% 1.25%

* AER stands for the Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once a year. "Gross" is the contractual interest rate paid before the deduction of any tax.

** Interest is paid gross, without the deduction of tax. 

More information

Horizon Account Information
Executive Horizon Account Information

Our other offshore savings accounts

Fixed-term Deposit

Get the most out of your offshore savings and protect your returns from interest rate fluctuations. Choose our fixed-term deposit accounts, which are available in several currencies.

32-day Notice Account

If you want to access your money at short notice, our Direct Reserve Account gives you this flexibility, with tiered interest rates and no fixed term, while you can access your savings after 32 days.