SmartRate Plus Notice Deposit

• How the product works

  • Select your interest rate
  • Your rate is determined by your unique requirements (percentage instant access required and notice period)
  • Receive a competitive market related deposit rate, based on a fixed differential to Investec’s prime lending rate
  • When you don’t place notice on your funds, you will earn additional interest on top of your applicable interest rate: 30 days without placing notice – you will earn an additional 0.10%
  • Choose between having your monthly interest compounded or paid away

   

  • Choose your percentage of instant access
  • Service your cash flow needs by choosing your desired level of access, from 0% to 50%, in 10% increments. Once selected, these funds are available at any time.

   

  • Weigh up your notice period
  • Meet your savings objectives by selecting the notice period you require, between 32, 45, 60, 90 and 120 days
  • You may place notice on your funds at any time

   

  • Decide on your deposit amount
  • The minimum deposit amount is R100,000
  • You are able to make additional deposits into your account after your initial deposit
    

• Benefits

  • Tailor make the account that works for you
  • Earn an additional 0.10% on top of your applicable interest rate when you don’t place notice for 30 days
  • No fees are applicable on this product*
  • Dedicated service
  • Free online banking

• Minimum & maximum deposit

  • Save from R100,000 

See what your returns could be:

• Future value calculator

  Investment Amount *

  R

  Term *

  {[calculator.data.terms]}

   month

  {[calculator.data.terms]}

   months

  Interest Rate *

  {[calculator.data.rate]}

   %

  100

   %

  * indicates required field.

  R {[futureValForm]}

  Future Value (Interest compounded)*

  R {[interestPaidForm]}

  Interest Paid at Maturity*

  {[rate]} %

  Nominal Rate (NACM)

  R {[InterestPaidMonthlyForm]}

  Interest Paid Monthly (Approximately)*

  {[periodEffectiveYieldForm]} %

  Period Effective Yield