Private Bank deposit accounts

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+: 0.25% gross p.a./AER* (variable)

Interest is calculated daily and paid on a monthly basis.

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.

At current interest rates the estimated balance of a £25,000 deposit would be £25,062.50 after 12 months.

Initial Deposit: £25,000. Estimated Balance after 12 months: £25,062.50

Initial Deposit: £1,000,000. Estimated Balance after 12 months: £1,002,500

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.

This account is only available to new or existing clients who meet the Investec Private Bank eligibility.

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

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.

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

Funds can be withdrawn without giving notice by telephone or via Investec Online.

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.

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

Sterling (GBP)
Gross p.a.^: 0.00%
AER*: 0.00%

Australian dollar (AUD)
Gross p.a.^: 1.00%
AER*: 1.00%

US dollar (USD)
Gross p.a.^: 0.25%
AER*: 0.25%

New Zealand dollar (NZD)
Gross p.a.^: 1.00%
AER*: 1.00%

Canadian dollar (CAD)
Gross p.a.^: 0.25%
AER*: 0.25%

Non interest bearing currencies:

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

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

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.

At current interest rates the estimated balance of a £1,000 deposit would be £1000.50 after 12 months (non leap year). Illustrative examples of other currencies shown below:
 
Sterling (GBP)
Initial Deposit:  1000 
Estimated Balance (Gross p.a.^): 1000 GBP

South African rand (ZAR)
Initial Deposit:  1000 ZAR
Estimated Balance (Gross p.a.^): 1032.47 ZAR

Australian dollar (AUD)
Initial Deposit:  1000 AUD
Estimated Balance (Gross p.a.^): 1010.05 AUD

US dollar (USD)
Initial Deposit:  1000 USD
Estimated Balance (Gross p.a.^): 1002.50 USD

New Zealand dollar (NZD)
Initial Deposit:  1000 NZD
Estimated Balance (Gross p.a.^): 1010.05 NZD

Canadian dollar (CAD)
Initial Deposit:  1000 CAD
Estimated Balance (Gross p.a.^): 1002.50 CAD

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.

This account is only available to Investec Private Bank clients who have a new or existing product with us.

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.

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

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

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.

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: 0.85% gross p.a./AER* (variable)
£1,000,000.01+: 0.00% gross p.a./AER* (variable)

Interest is calculated daily and paid on a monthly basis.

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.

At current interest rates the estimated balance of a £1,000 deposit would be £1,009 after 12 months (non leap year).

Initial Deposit: £1,000
Estimated Balance after 12 months: £1,009

Initial Deposit: £250,000
Estimated Balance after 12 months: £252,133

Initial Deposit: £1,000,000
Estimated Balance after 12 months: £1,008,500

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.  

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

This account is only available to Investec Private Bank clients with a Voyage account.

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.

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

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.

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: 1.00% gross p.a./AER* (variable)

£3,000,000.01+: 0.00% gross p.a./AER* (variable)

Interest is calculated daily and paid on a monthly basis.

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.

At current interest rates the estimated balance of a £1,000 deposit would be £1,010 after 12 months (non leap year).

Initial Deposit: £1,000
Estimated Balance after 12 months: £1,010

Initial Deposit: £250,000
Estimated Balance after 12 months: £252,511

Initial Deposit: £1,000,000
Estimated Balance after 12 months: £1,010,046

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.

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.

Any portion of balance over £3,000,000 will receive a lower interest rate.

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

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.

For deposits between £25,000 and £1,000,000

 
1 Year fixed term deposit
Monthly interest option gross p.a.^: 0.60%
Monthly interest option AER*: 0.60%
Annual interest option gross p.a./AER*: 0.60%

The interest rate is fixed for the duration of your chosen term.

Interest is calculated daily and paid either monthly or annually on the equivalent date you opened the account, depending on the frequency you choose at application. 

Interest is not compounded and it is paid to the account you specify at application.

Bespoke rates for deposits over £1,000,000.

No. The interest rate is fixed for the deposit term.

This is in accordance with the ‘Additional Conditions for Fixed Term Deposits’ found in the Investec Bank plc Banking Relationship Agreement at Investec.com/termsandconditions.

Initial Deposit: £25,000 

Balance on Expiry Date

Initial Term 1 Year fixed term deposit
Term: 12 Months
Annual Interest Option: £25,150.00
Monthly Interest Option: £25,150.00

Fixed Term Deposits (below £1,000,000)

Fixed Term Deposit accounts are only available to Investec Private Bank clients with a Voyage account.

£25,000 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.

Once the account is open, no further deposits or withdrawals can be made.
This account can be opened and managed via Investec Online or over the telephone.

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 funds will be transferred to your E-asy Access Account unless you instruct us to transfer your funds to another account held in your name.

Fixed Term Deposits (over £1,000,000)

Bespoke rates on Fixed Term Deposits are only available to Investec Private Bank clients with a Voyage account who deposit over £1,000,000.

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.

Once the account is open, no further deposits or withdrawals can be made.
This account can be opened and managed via Investec Online or over the telephone.
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 funds will be transferred to your E-asy Access Account unless you instruct us to transfer your funds to another account held in your name.

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 funds will be transferred to your E-asy Access Account unless you instruct us to transfer your funds to another account held in your name.

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 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.