Take advantage of exclusive rates, liquidity and flexibility
The Private Select Fund does all the work for you as it tracks the qualifying¹ South African money market funds ensuring you always get a competitive market related rate, without incurring fees.
How the product works
A money market related interest rate that approximates the average of the top 4 qualifying¹ money market funds’ published rates without the inconvenience or cost of switching between funds
Liquidity, 10% instant access on cleared funds and 40 day notice for larger amounts
Balances below R1 million earn the Private Select Fund rate less 1.25%
No monthly fee charges*
Liquidity available should you need it
You have the ability to add funds as and when needed
Minimum & maximum deposit
Minimum deposit of R1 million
The aggregate balance of all your accounts which are linked to money market funds cannot exceed R500 million including balances in any other Money Fund linked products per client. All deposits in excess of this limit, excluding capitalisation of compound interest, are restricted
See what your returns could be:
Future value calculator
Apply for a savings account or contact your Private Banker
Choose your notice period and access required, and earn a personalised interest rate. And if you do not place notice for 30 days, you will earn additional interest.
This savings account does all the work for you. By tracking money market funds, we ensure you get the highest average daily interest rate.
Check what the latest interest rates are
View terms and conditions
Investec Corporate and Institutional Banking (referred herein as “Investec”) is a division of Investec Bank Limited registration number 1969/004763/06, which is a registered bank, an Authorised Financial Services Provider (11750), a National Credit Provider (NCRCP 9) and a member of the JSE. 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.com.
1Below are the qualifying criteria that the Investec Private Select Fund pricing is derived from
• South African retail money market funds
• A fund size of R2 billion or more
• Less than 25% invested in corporate debt
Fund selection criteria are subject to change and the number of ranked funds may change from time to time. Investec accepts no responsibility for changes in the fund or fund rankings.