Earn a competitive interest rate on your savings and protect your returns from rate fluctuations.
To protect the returns you make on your hard-earned savings, our offshore fixed-term deposit is priced against money market rates. You earn a competitive rate of interest that’s typically higher than easy access account rates and is fixed for the full term of your deposit.
You specify the length of your deposit term, with options ranging from one week to one year. We calculate your interest daily and pay it to you in the currency you choose when your deposit matures.
How this account works
You select the term you want, from one week to one year. Once you’ve paid in the starting balance, your money stays invested until the end of your specified term. You can’t withdraw it before then.
If you plan to withdraw your money when the deposit matures, contact us with your instructions before the maturity date. You can withdraw your deposit and interest, or just the interest.
At maturity, if we haven’t received your instructions we’ll reinvest your original deposit and interest earned into another fixed term deposit on the same terms you originally selected.
Our Isle of Man business is a representative office which means that the money you deposit and account(s) you open are with the bank in Guernsey. Your relationship manager remains based in the Isle of Man.
The 32-Day Notice Account provides the fastest access to money from our notice accounts. The money stays invested until 32 days after we’ve received a written notice requesting withdrawal.
This hybrid savings account enables easy access to 50% of the deposited savings and the performance of saving the rest in the long term with 32-day notice. There’s no minimum opening balance and no minimum term.
The 90-day notice account has the highest tiered interest rates of all of our notice accounts. The money stays invested until 90 days after we’ve received a written notice requesting withdrawal.
Enjoy the performance of a 180-day notice account, and the confidence of accessing 10% of the cash if your client's priorities change. You need an opening deposit of £100,000 or $100,000.
ADDITIONAL SERVICES FOR INTERMEDIARIES
Investec Bank (Channel Islands) Limited is a wholly owned subsidiary of Investec Bank plc. This document is distributed by Investec Bank (Channel Islands) Limited which is licensed in Guernsey by the Guernsey Financial Services Commission under the Banking Supervision (Bailiwick of Guernsey) Law, 2020, as amended, and the Protection of Investors (Bailiwick of Guernsey) Law, 2020, and the Lending, Credit and Finance (Bailiwick of Guernsey) Law, 2022 to carry on banking and investment business and the provision of credit in respect of Consumer Credit and Home Finance. Registered Address: Glategny Court, Glategny Esplanade, St Peter Port, Guernsey, GY1 1WR. Registered Number: 5845. The Jersey Branch of Investec Bank (Channel Islands) Limited is regulated by the Jersey Financial Services Commission to carry on deposit taking business under the Banking Business (Jersey) Law, 1991, as amended. The Jersey Branch address is 4th Floor, Liberation House, Castle Street, St Helier, Jersey, JE2 3BT. The Isle of Man Representative Office of Investec Bank (Channel Islands) Limited is regulated by the Isle of Man Financial Services Authority and its place of business address is Second Floor, The Old Courthouse, Athol Street, Douglas, Isle of Man, IM1 1LD.
Investec Bank (Channel Islands) Limited is a participant in both the Guernsey Banking Deposit Compensation Scheme and the Jersey Bank Depositors Compensation Scheme. These Schemes offer protection for “qualifying deposits/eligible deposits” up to £50,000, subject to certain limitations. The maximum total amount of compensation is capped at £100,000,000 in any 5-year period. Full details are available on request or alternatively on the Guernsey Scheme’s website www.dcs.gg or on the Jersey States website www.gov.je/dcs which will also highlight the banking groups covered. No deposit placed with Investec Bank (Channel Islands) Limited has protection from the Isle of Man Depositors’ Compensation Scheme nor the Financial Services Compensation Scheme under the Financial Services & Markets Act 2000 of the UK.