Private Bank deposit accounts

Key product information summary box

• What is the interest rate?

  Sterling (GBP)
  Gross p.a.^: 1.79%
  AER*: 1.80%
   

  South African rand (ZAR)
  Gross p.a.^: 3.20%
  AER*: 3.25%
   

  US dollar (USD)
  Gross p.a.^: 2.13%
  AER*: 2.15%
   

  Canadian dollar (CAD)
  Gross p.a.^: 0.10%
  AER*: 0.10%
   

  New Zealand dollar (NZD)
  Gross p.a.^: 0.10%
  AER*: 0.10%
   

  Australian dollar (AUD)
  Gross p.a.^: 0.10%
  AER*: 0.10%
   

  Euro (EUR)
  Gross p.a.^: 1.39%
  AER*: 1.40%

  
  Non interest bearing currencies:
  

  Japanese yen (JPY)
  Swedish krona (SEK)
  Swiss franc (CHF)
  Danish krona (DKK)
  Singapore dollar (SGD)
  Israeli shekel (ISL)
  Hong Kong dollar (HKD)
  Norwegian krona (NOK)

  Interest, where applicable, is calculated daily and paid on a monthly basis.
  

• Can Investec change the interest rate?

  Investec can change the interest rate.

  We will give you notice of any change to the interest rate in accordance with section 9 of the Investec Bank plc Banking Relationship Agreement which can be found at Investec.com/termsandconditions.

  We will tell you by email if and when we change the interest rate.
  

• What would the estimated balance be after 12 months based on a £1,000 deposit?

  At current interest rates the estimated balance of a £1,000 deposit would be £1018.04 after 12 months (non leap year). Illustrative examples of other currencies shown below:
   
  Sterling (GBP)
  Initial Deposit: 1000 
  Estimated Balance (Gross p.a.^): 1018.04 GBP
  
  South African rand (ZAR)
  Initial Deposit: 1000 ZAR
  Estimated Balance (Gross p.a.^): 1032.50 ZAR
  
  Australian dollar (AUD)
  Initial Deposit: 1000 AUD
  Estimated Balance (Gross p.a.^): 1001.00 AUD
  
  US dollar (USD)
  Initial Deposit: 1000 USD
  Estimated Balance (Gross p.a.^): 1021.51 USD
  
  New Zealand dollar (NZD)
  Initial Deposit: 1000 NZD
  Estimated Balance (Gross p.a.^): 1001.00 NZD
  
  Canadian dollar (CAD)
  Initial Deposit: 1000 CAD
  Estimated Balance (Gross p.a.^): 1001.00 CAD

  Euro (EUR)
  Initial Deposit: 1000 EUR
  Estimated Balance (Gross p.a.^): 1014.00 EUR

  These examples are illustrative only and are based on the assumption that the initial deposit does not change throughout the period, there are no changes to the rate and interest is paid back into the Currency Access Account on a monthly basis.
  

• How do I open and manage my account?

  This account can be opened and managed via Investec Online or over the telephone.

  No minimum initial deposit requirement.
  

  There is no maximum balance limit. We may, however, decline to accept your application/additional deposits to avoid excessive exposure to a single client if we consider the total value of deposits you hold with us exceeds a limit we consider reasonable.
  

• Can I withdraw money?

  Funds can be withdrawn without giving notice by telephone or via Investec Online.
  

• Additional information

  Direct debits and standing orders cannot be set up on this account.

  Where applicable, interest will be 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 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.

Key product information summary box

• What is the interest rate?

  The Investec Access is a same day access account, paying interest on amounts over £25,000.

  Current rates:
  

  £0.00 – £24,999: 0.00% gross p.a./AER* (variable)

  £25,000+: 0.00% gross p.a./AER* (variable)

  Interest is calculated daily and paid on a monthly basis.
  

• Can Investec change the interest rate?

  Investec can change the interest rate.

  We will give you notice of any change to the interest rate in accordance with section 9 of the Investec Bank plc Banking Relationship Agreement which can be found at Investec.com/termsandconditions. We will tell you by email if and when we change the interest rate.
  

• What would the estimated balance be after 12 months based on a £25,000 deposit?

  At current interest rates the estimated balance of a £25,000 deposit would be £25,000 after 12 months.

  Initial Deposit: £25,000. Estimated Balance after 12 months: £25,000
  

  Initial Deposit: £1,000,000. Estimated Balance after 12 months: £1,000,000

  These examples are illustrative only and are based on the assumption that the initial deposit does not change throughout the period, there are no changes to the rate and interest is paid back into the Investec Access account on a monthly basis.
  

  If at any time the balance falls below £25,000 a reduced interest rate of 0.00% gross p.a./AER* would apply.
  

• How do I manage my account?

  This account can be managed via Investec Onlne or over the telephone.

  There is no minimum initial deposit, however only amounts of £25,000 or over will earn interest.

  There is not maximum balance limit. We may however, decline to access additional deposits tot avoid excessing exposure to a single client if we consider the total value of deposits you hold with us exceeds a limits we consider reasonable.

  This account is currently closed to new applicants.  
  

• Can I withdraw money?

  Funds can be withdrawn without giving notice by telephone or via Investec Online.

• Additional information

  Direct debits and standing orders can be set up on this account.

  Interest will be 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 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.
  

Key product information summary box

• What is the interest rate?

  The Voyage Reserve account is a one month notice account paying one rate of interest on balances up to £1,000,000 and another rate for amounts above this as below.

  Current rates:
  £0.01 – £1,000,000: 2.72% gross p.a. / 2.75% AER* (variable)
  £1,000,000.01+: 2.96% gross p.a. / 3.00% AER* (variable)

  Interest is calculated daily and paid on a monthly basis.

• Can Investec change the interest rate?

  Investec can change the interest rate.

  We will give you notice of any change to the interest rate in accordance with section 9 of the Investec Bank plc Banking Relationship Agreement which can be found at Investec.com/termsandconditions.

  We will tell you by email if and when we change the interest rate.

• What would the estimated balance be after 12 months based on a £1,000 deposit?

  At current interest rates the estimated balance of a £1,000 deposit would be £1,027.54 after 12 months (non leap year).

  Initial Deposit: £1,000
  Estimated Balance after 12 months: £1,027.54

  Initial Deposit: £250,000
  Estimated Balance after 12 months: £256,885.41

  Initial Deposit: £500,000
  Estimated Balance after 12 months: £513,770.84

  These examples are illustrative only and are based on the assumption that the initial deposit does not change throughout the period, there are no changes to the rate and interest is paid back into the Voyage Reserve account on a monthly basis.  

• How do I open and manage my account?

  This account can be opened and managed via Investec Online or over the telephone.

  There is no minimum initial deposit.
  

  There is no maximum balance limit. We may, however, decline to accept your application/ additional deposits to avoid excessive exposure to a single client if we consider the total value of deposits you hold with us exceeds a limit we consider reasonable.
  

• Can I withdraw money?

  One month’s notice must be provided to withdraw funds. Notice may be given by telephone or via Investec Online.

• Additional information

  Direct debits and standing orders cannot be set up on this account.

  Interest will be 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 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.

Key product information summary box

• What is the interest rate?

  The 3 Month Reserve account is a three month notice account paying one rate of interest on balances up to £3 million and another rate for amounts above this as below.

  Current rates:
  £0 - £3,000,000: 3.20% gross p.a. / 3.25% AER* (variable)
  £3,000,000.01+: 3.45% gross p.a. / 3.50% AER* (variable)

  Interest is calculated daily and paid on a monthly basis.

• Can Investec change the interest rate?

  Investec can change the interest rate.

  We will give you notice of any change to the interest rate in accordance with section 9 of the Investec Bank plc Banking Relationship Agreement which can be found at Investec.com/termsandconditions

  We will tell you by email if and when we change the interest rate.

• What would the estimated balance be after 12 months based on a £1,000 deposit?

  At current interest rates the estimated balance of a £1,000 deposit would be £1,032.47 after 12 months (non leap year).

  Initial Deposit: £1,000
  Estimated Balance after 12 months: £1,032.47

  Initial Deposit: £250,000
  Estimated Balance after 12 months: £258,118.37

  Initial Deposit: £1,000,000
  Estimated Balance after 12 months: £1,032,473.49

  These examples are illustrative only and are based on the assumption that the initial deposit does not change throughout the period, there are no changes to the rate and interest is paid back into the 3 Month Reserve account on a monthly basis.
  

• How do I open and manage my account?

  This account can be opened and managed via Investec Online or over the telephone.

  There is no minimum initial deposit.
  

  There is no maximum balance limit. We may, however, decline to accept your application/additional deposits to avoid excessive exposure to a single client if we consider the total value of deposits you hold with us exceeds a limit we consider reasonable.
  

• Can I withdraw money?

  3 month’s notice must be provided to withdraw funds. Notice may be given by telephone or via Investec Online.

• Additional information

  Interest on the account will be paid gross. Direct debits and standing orders cannot be set up on this account.

  Interest will be 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 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.