Savings accounts

Savings to suit your needs

When it comes to saving, everyone has different needs. We offer a range of products to help you meet your savings goals.

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

Find the right savings account for your needs

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

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View our product table for more information on our various offerings.

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 deposit account

Our instant access deposits offer you easy and 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.

Notice deposit account

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.

Fixed-term deposit account

Our fixed deposit accounts enable you to lock your savings away for a fixed term*, while benefitting 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 12-month fixed-term 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.

savings accounts
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. 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.

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.