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Private Select Fund

40-day notice account with market-leading returns

Image of a zebra
Image of a zebra

40 day

Notice period

R1 million

Minimum deposit

10%

Liquidity option

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%

     

  • Benefits

    • No monthly fee charges*
    • Competitive rate
    • 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

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    Nominal Rate (NACM)

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All rates are indicative, and are subject to vary as rates are calculated on a daily basis. This is not an official confirmation of the term or rate, and any transaction that may be concluded pursuant to this shall be in terms of and confirmed by the signing of appropriate documentation, on terms to be agreed between the parties.

Apply for a savings account or contact your private banker.

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Product downloads

Download Private Select Fund product rules

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Interest rates

Check what the latest interest rates are

View terms and conditions

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Disclaimer

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 R10 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.