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

Your savings options:

Instant access to your savings

Our instant access deposits offer you immediate access to your funds while ensuring you still benefit from a competitive rate. Save from R100,000 initial deposit and choose from a prime-linked or money-market linked rate. You may withdraw and top up funds whenever it suits.

Access with notice to your savings

Our notice deposit accounts reward you with enhanced returns. You receive flexible notice terms to suit your needs, a prime-linked or money market-linked rate. Save from R100,000 and you can top up your funds as and when needed.

Access after a fixed term to your savings

Our fixed deposit accounts enable you to lock your savings away for a fixed term*, while you benefit from higher rates of interest. Save from R100,000. You have the choice of a fixed or prime-linked interest rate as well as the availability of a tax-free product option.

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.

The Investec Gibs Savings Index

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

 

View terms and conditions

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: 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 may I withdraw from savings

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

Insights from Investec Focus

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Disclaimer

Investec Bank, a division of Investec Bank Limited registration number 1969/004763/06. Investec is committed to the Code of Banking Practice as regulated by the Ombudsman for Banking Services. Copies of the Code and the Ombudsman's details are available on request or visit www.investec.co.za. A registered credit provider registration number NCRCP9.
 
*Not accessible until maturity.