Savings Accounts

Savings to suit your needs

              

When it comes to saving, everyone has different needs. We offer an array of products to meet your specific requirements.

Investec has a wide variety of savings products including instant savings accounts, notice deposits, and fixed-term deposit accounts. These are all geared towards meeting your requirements securely, with maximum growth potential 

Savings Wizard

A helpful tool to assist you in choosing the right savings products for your needs.

Click on any one of the three blocks below to start your journey

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Daily rates

Have your finger on the pulse

Apply for a savings account or contact your private banker. Minimum deposits from R100,000 required to open an Investec savings account

Why save with Investec?

  • One size doesn’t fit all
    Depending on how quickly you’d like to access your funds, we have something to suit you. Whether you’re saving for a wedding, a second home or your child’s education, you can be sure to find a savings account that suits your needs.
  • Specialist team of consultants
    Perhaps you don’t know exactly what you’re saving for, but want to start putting something aside for a rainy day. We have a team of specialist savings consultants to guide you on what products, or combination of products, you could consider.

  • You are in control
    You may choose how long you want to save for, from one month to five years, or much longer. You may also choose between having your monthly interest compounded or paid out to a nominated bank account.

  • Competitive interest rates and zero fees
    Regardless of what product you choose, Investec savings accounts offer you competitive interest rates. And none of our savings accounts incur monthly fees.
Investec Cash Investments, Rene Grobler

Our savings and cash investment products give you what we believe matters most - capital preservation, security and exceptional returns.

René Grobler, Cash Investments head

savings accounts

The Investec Gibs Savings Index

Read the latest Savings Index and get our insights into the savings behaviour of South Africans.
 

Frequently asked questions

  • 1. What is a savings account

    A savings account allows you to deposit money and earn interest on the amount deposited over a period of time that you choose. There are three basic types of savings accounts which are an instant access, notice deposit and fixed deposit accounts. These types of accounts are available at most banks and financial institutions.
  • 2. How does a savings account work

    An individual deposits capital into a savings account at a bank or financial institution for an agreed upon time period and at an agreed upon interest rate. At the end of the agreed upon period, the capital and interest earned can be withdrawn or re-invested. 
  • 3. Does your money grow in a savings account

    Yes there is potential for growth depending on the agreed upon interest rate, time period and initial capital amount deposited. 
  • 4. Can you lose your money in a savings account

    It is important to do your homework and read the terms and conditions of the bank or financial institution that you have deposited your capital with. In some cases a monthly fee is charged which will erode your capital. Some banks however do not charge monthly fees in which case you should not lose money in a savings account. 
  • 5. Can you withdraw money from a savings account

    Yes. If you withdraw money from your savings account after your chosen notice period you should not incur any penalty fees. If however you choose to withdraw money before your notice period ends, you may be charged a penalty fee. 
  • 6. How much can I withdraw from savings

    This is dependent on the savings product that you have chosen.