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Savings accounts

Grow your savings in an account that meets your needs and goals

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Image of a zebra

Investec offers a complete range of savings accounts so you can access your funds on your terms, while maximising growth with competitive interest rates.

Find your ideal savings account

Click on any one of the three blocks below to find the best savings account for you.

 

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Your savings options:

Access immediately

Enjoy easy and immediate access to your funds while still benefiting from a competitive rate. Choose from a prime-linked or money-market linked rate. 

Access with notice

Notice accounts give you good returns and flexibility to suit your needs. Choose from a prime-linked or money market-linked rate.

Access after a fixed term

Get the best interest rates when you lock your savings away for a fixed term. A choice of fixed, prime-linked and tax-free savings
accounts.

Access immediately

Enjoy easy and immediate access to your funds while still benefiting from a competitive rate. Choose from a prime-linked or money-market linked rate. 

Access with notice

Notice accounts give you good returns and flexibility to suit your needs. Choose from a prime-linked or money market-linked rate.

Access after a fixed term

Get the best interest rates when you lock your savings away for a fixed term. A choice of fixed, prime-linked and tax-free savings
accounts.

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

Daily rates

Have your finger on the pulse with the latest savings account interest rates.

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 combinations 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
René Grobler, Cash Investments head

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

Frequently asked questions

  • 1. 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.

  • 2. 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.

  • 3. How is savings account interest calculated?

    To calculate the interest you can earn on your savings account, multiply your savings balance by the interest over the savings period. Interest can be compounded daily, monthly or over the fixed term of your investment.

  • 4. 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. However, if you choose to withdraw money before your notice period ends, you may be charged a penalty fee.

  • 5. Are savings accounts taxable?

    You can save money in a tax-free savings account (TFSA) and get exceptional returns over a 12-month fixed term.

Learn more about the principles of saving

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Legal

Statutory information

For the full regulatory disclosures, click here.