Our notice accounts give your clients performance and liquidity. Your clients enjoy the performance of a 180-day notice account, and the confidence of accessing 10% of their cash as their priorities change.
The 10% easy access money earns the same rate of interest as the savings your clients have at 180 days’ notice.
90% of your client's savings will always be available at 180-days’ notice. If they make a withdrawal from the other 10%, we rebalance their savings for them.
How this account works
This account requires an opening deposit of £100,000 or $100,000. We balance your client's savings split at a ratio of 90:10 across the ‘on-call’ account and the 180-day notice account. If a withdrawal is made, we move money from the notice account so your client's savings are split evenly.
They can withdraw up to 10% of their entire balance at any time within a month, and the remaining amount is rebalanced at the end of the month to reflect the new 90:10 ratio. Your client's savings remain invested until they request to withdraw some or all of the money.
Our Isle of Man business is a representative office which means that the money deposited and account(s) opened are with the bank in Guernsey. The 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 your 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 one of the higher rates of interest across all of our notice accounts. The money stays invested until 90 days after we’ve received a written notice requesting withdrawal.
Your clients earn a competitive fixed interest rate on deposited savings and protect their returns from rate fluctuations. They select the term they want, from one week to one year.
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.