SmartRate Plus 15-Day Notice Deposit

• What is the difference between an annual effective rate (NACA) and a nominal rate (NACM)?

  Interest rates are quoted either as annual effective rates (NACA) or nominal rates (NACM). The NACA is the interest rate earned (at the same nominal rate) over a 12-month period with the interest compounding back into the savings account. NACM is the actual interest earned over a one-month period. It is important to note that the interest you will have earned at the time of your withdrawal will be in line with lifecycle of your funds at the time of placing your 15 days notice.

• How the product works

  • Decide on your deposit amount
  • You will have access to your funds 15 days after placing notice
    
  • Investec is currently running a special rate on the SmartRate Plus 15-day notice deposit account
  • If you don’t already have an Investec Call Account, one will be opened automatically at the inception of the account, as each notice withdrawal instruction will require details of a settlement account. If you already have an Investec Private Bank account, should you not specify a different settlement account, funds withdrawn will automatically be transferred into your Investec Private Bank account
  • You are able to make additional deposits into your account after your initial deposit

• Benefits

  • No monthly fees are applicable on this product
    
  • No transaction fees
  • Dedicated service
  • Free online banking

• Minimum deposit

  • Save from R100,000 
  • Save from R1000 if you're an existing Investec Private Bank account holder
  • There is no maximum deposit and you can make additional deposits at any point in time

• Existing Private Banking clients - open online

  Open and transfer in a few clicks

  • Log into Investec Online
  • From your Overview page click on ‘Open a new account’
  • Select the ‘Save’ tab
  • Scroll down and select ‘SmartRate Plus’
  • Click on ‘Apply’ and complete a few questions
  • Once your account is opened, you can simply transfer your funds and start earning a competitive rate

  If you’re ready to place a 15-day notice, it’s online, it’s easy
  

  • Log into Investec Online
  • Select your SmartRate Plus 15-day notice account
  • Click on the ‘Notice withdrawal’ option and go to the ‘Place notice’ tab
  • Complete the relevant fields and click ‘Continue’
  • Check all information is correct and click ‘Submit’

  You will then see your noticed placed under the ‘Pending notice’ tab

See what your returns could be:

• Future value calculator

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