Daily Interest Rates on all our savings accounts

*The rates are indicative rates only and will be confirmed at the time of dealing and are subject to change. The nominal rate is the interest rate on deposits which is unadjusted for compounding interest. The effective rate is the interest rate earned on a deposit account, taking into account the effect of compounding interest.

Last Updated: 25 April 2024

Fixed Deposits 

Fixed Deposits - Prime Linked Rate:

Fixed Deposits - Tax Free Fixed Rate:

Clients who have an Investec Private Bank account* will need a minimum deposit of R1 000. Clients who do not have an Investec Private Bank account* will need a minimum deposit of R100 000.* An Investec Private Bank account includes an: Investec Private Bank Account; Investec Private Business Account; and an Investec Youth Account.

Variable rate linked to the average of the top five qualifying Money Market Funds. The minimum balance requirement for the Investec Top5 Optimiser is R100 000 for Private Banking account holders and R250 000 for non Private Banking clients. Savings account balances above R250 000 will earn the rate above. Balances below R250 000 will earn a tiered interest rate.

40-day notice variable rate. The minimum balance requirement for the Private Select Fund is R1 000 000. Balances below R1 000 000 will earn the above rate less 1.25%.

SmartRate Plus Notice Deposit

Personalise your notice account to meet your savings goals

Minimum Opening Deposit:  R100 000

*Rates applicable to accounts opened from 30 September 2009. Rates for Private Money Fund, Private Select Fund and Investec Top5 accounts opened prior to 21 September 2009 are available upon request.

The rates are indicative rates only and will be confirmed at the time of dealing and are subject to change. The nominal rate is the interest rate on deposits which is unadjusted for compounding interest. The effective rate is the interest rate earned on a deposit account, taking into account the effect of compounding interest. Terms and conditions apply.

Disclaimer

All rates are quoted on a nominal annual compounded monthly basis for the relevant period. The rates can only be confirmed at the time of dealing. No representation or warranty is made that any return indicated will be achieved in the future. This document is not an official confirmation of terms, and any transaction that may be concluded pursuant to this document shall be in terms of and confirmed by the signing of appropriate documentation, on terms to be agreed between the parties. The information in this document is subject to change without notice. Prospective investors should obtain independent advice in respect of any product detailed in this document, as Investec does not provide investment, tax or legal advice and makes no representation or warranty about the suitability of a product for a particular client or circumstance. Investec will only provide investment advice if specifically agreed to by Investec in appropriate documentation, signed by Investec. This information is to be used at your own risk, and Investec makes no representation with regards to the correctness of the information contained herein.

Investec Private Bank. A division of Investec Bank Limited registration number 1969/004763/06. Investec Private Bank is committed to the Code of Banking Practice as regulated by the Ombudsman for Banking Services. Copies of the Code and Ombudsman’s details are available on request or visit www.investecprivatebank.co.za. An authorised financial services provider. Registered credit provider NCRCP9.

Minimum Opening Deposit:  R100 000

Notice Days

* The premium rate applies to balances up to R25 million. Any funds in excess of R25 million will earn the next tiered rate deriving a blended rate for the overall balance deposited.

*Variable rate approximates the average of the top qualifying¹ money market funds’ published daily rates. The minimum balance requirement for the MoneyFund Tracker is R100 000 for Private Bank clients and R250 000 for non Private Bank clients. Balances above R250 000 will earn the rate above. Balances below R250 000 will earn a tiered interest rate.

FCA accounts are limited to individuals who hold an Investec Private Bank Account only

Rates applicable for FCA accounts opened from 01 September 2017

Rates are subject to change based on daily market fluctuations. Terms and conditions apply.

Disclaimer

All rates are quoted on a nominal annual compounded monthly basis for the relevant period. The rates can only be confirmed at the time of dealing. No representation or warranty is made that any return indicated will be achieved in the future. This document is not an official confirmation of terms, and any transaction that may be concluded pursuant to this document shall be in terms of and confirmed by the signing of appropriate documentation, on terms to be agreed between the parties. The information in this document is subject to change without notice. Prospective investors should obtain independent advice in respect of any product detailed in this document, as Investec does not provide investment, tax or legal advice and makes no representation or warranty about the suitability of a product for a particular client or circumstance. Investec will only provide investment advice if specifically agreed to by Investec in appropriate documentation, signed by Investec. This information is to be used at your own risk, and Investec makes no representation with regards to the correctness of the information contained herein.