Banking for young professionals
Putting you ahead of the curve
If you’re young and ambitious, you want a bank that recognises your potential and puts you ahead of the curve.
As a young professional, you can partner with the award-winning bank of high net worth individuals and gain the benefit of our expertise as you start your journey to wealth creation. You have access to our full, sophisticated Private Bank Account offering – but at a reduced fee.
Why choose us?
We empower you to get – and stay – ahead of the curve. We support you at the very start of your career, and share our expertise to see you successfully navigate your journey to wealth.
What is the benefit for you?
If have a university degree and are working in your area of expertise and earning R600 000 consistently, you will benefit from our full Private Banking offering at a reduced rate until you are 30 years of age.
Terms and conditions apply
Who can bank with us?
We are the bank of choice for trainee accountants, candidate attorneys, medical interns and qualified medical specialists, engineers, established entrepreneurs – and other top careers for young professionals in South Africa.
Do you meet the criteria for Private Banking as a young professional?
| You may qualify for a reduced Private Bank Account fee for young professionals – if you are under the age of 30, consistently earning more than R600 000 a year, with a university degree and working in your area of expertise. Keep in mind, you may also qualify if you meet the criteria for the following careers and are under the age of 30. |
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| Actuary | If you are an actuary who has passed 10 of the qualifying exams, you may qualify for a Private Bank Account for young professionals at a reduced fee until you turn 30 years of age. |
| Attorney | If you are a candidate attorney, working at a recognised legal firm and earn between R300 000 and R550 00 a year, you may qualify for a Private Bank Account for young professionals at a reduced fee until you turn 30 years of age. |
| Chartered Account | If you are a trainee CA, with a CTA and working at a SAICA-approved firm, you may qualify for a Private Bank Account for young professionals at a reduced fee until you turn 30 years of age. |
| Engineer | If you are an engineer, working at a recognised and preferred engineering firm and earn R600 000 a year, you may qualify for a Private Bank Account for young professionals at a reduced fee until you turn 30 years of age. |
| Entrepreneur | If you are an established and successful entrepreneur, or own a professional practice or business and can show a three-year track record of earnings, you may qualify for a Private Bank Account for young professionals at a reduced fee until you turn 30 years of age. |
| Medical intern | If you are a medical intern or working in community service for the Department of Health and earn R600 000 a year, you may qualify for a Private Bank Account for young professionals at a reduced fee until you turn 30 years of age. |
| Medical specialist | If you are a medical specialist or registrar working towards becoming a specialist, you may qualify for a Private Bank Account for young professionals at a reduced fee until you turn 30 years of age. |
| Pilot | If you are a pilot or first officer working for SAA or Comair, and earn more than R600 000 a year, you may qualify for a Private Bank Account for young professionals at a reduced fee until you turn 30 years of age. |
| You may qualify for a reduced Private Bank Account fee for young professionals – if you are under the age of 30, consistently earning more than R600 000 a year, with a university degree and working in your area of expertise. Keep in mind, you may also qualify if you meet the criteria for the following careers and are under the age of 30. |
|
| Actuary | If you are an actuary who has passed 10 of the qualifying exams, you may qualify for a Private Bank Account for young professionals at a reduced fee until you turn 30 years of age. |
| Attorney | If you are a candidate attorney, working at a recognised legal firm and earn between R300 000 and R550 00 a year, you may qualify for a Private Bank Account for young professionals at a reduced fee until you turn 30 years of age. |
| Chartered Account | If you are a trainee CA, with a CTA and working at a SAICA-approved firm, you may qualify for a Private Bank Account for young professionals at a reduced fee until you turn 30 years of age. |
| Engineer | If you are an engineer, working at a recognised and preferred engineering firm and earn R600 000 a year, you may qualify for a Private Bank Account for young professionals at a reduced fee until you turn 30 years of age. |
| Entrepreneur | If you are an established and successful entrepreneur, or own a professional practice or business and can show a three-year track record of earnings, you may qualify for a Private Bank Account for young professionals at a reduced fee until you turn 30 years of age. |
| Medical intern | If you are a medical intern or working in community service for the Department of Health and earn R600 000 a year, you may qualify for a Private Bank Account for young professionals at a reduced fee until you turn 30 years of age. |
| Medical specialist | If you are a medical specialist or registrar working towards becoming a specialist, you may qualify for a Private Bank Account for young professionals at a reduced fee until you turn 30 years of age. |
| Pilot | If you are a pilot or first officer working for SAA or Comair, and earn more than R600 000 a year, you may qualify for a Private Bank Account for young professionals at a reduced fee until you turn 30 years of age. |
Apply now
Tell us more about your banking needs, so we can better serve you.
Ahead of the curve
Our website for young professionals aims to empower you for the future
Ahead of the curve is a content portal with insights into saving, investing and wealth creation. It delivers insight into lifestyle trends and inspires your travel dreams.
You can find relevant, entertaining articles, podcasts and videos on the website. Subscribe to the newsletter and get all the latest news delivered straight to your inbox.
You can find relevant, entertaining articles, podcasts and videos on the website. Subscribe to the newsletter and get all the latest news delivered straight to your inbox.
Highlights of the offering
Private Banking for young professionals
You have access to your own dedicated Private Banker and our 24/7 global Client Support Centre.
Private Bank Account fees
You pay one transparent fee of R295 until you turn 30 years of age – which is subject to annual increases (however, you will not pay the full Private Bank Account fee until you turn 30).
Investec Visa Platinum card
We consolidate all your daily transactional banking into one account with one Visa platinum credit card and a single transparent monthly fee. No annual or credit facility fees apply.
Banking home loans
A flexible, tailored home loan at competitive rates and up to 100% financing – with a personal payment plan.
Vehicle finance
Get a loan for your car at up to prime minus 1% on any new vehicle.
Plus, we waive the lending admin fee if you service the loan from your Private Bank Account.
Investec Online and the App
You can do so much more than just make a payment or check a balance – buy airtime and electricity, and get organised with our finance and personal management tools.
Bank
Your daily, transactional banking is simple and convenient.
For one transparent monthly fee, your Private Bank Account gives you access to:
- A credit card with current account functionality in one account – no annual card or credit facility fees apply
- Unlimited debit orders, online payments and ATM withdrawals* locally and internationally
- A competitive debit rate of prime and up to 45 interest free days on card transactions
- A fully transactional Investec Youth Account for your children – with no monthly account fee
- An extra card linked to your account at no extra cost or a stand-alone Private Bank Account at a reduced monthly fee for your spouse or life partner
*It excludes fees levied by other international banks and international currency conversion fees.
Rewards and travel benefits
We open doors to great savings with special offers at a variety of travel, shopping, financial and lifestyle partners.
- Investec Rewards where you earn unlimited Rewards points on all your in-store and online purchases – no status levels, earnings caps or complicated conditions apply
- Travel by Investec that offers great travel savings and can tailor your trip to suit your needs, including flights, accommodation, car hire, cruises, rail tours, and holiday packages. You can use your Rewards points to pay for all, or part, of your next local or international trip
- Complimentary access to local airport lounges as often as you like - we don’t limit your visits
- Complimentary travel insurance up to 90 days, that covers medical emergencies and personal accidents. Just use your Investec Visa card to buy your international travel tickets
Borrow
Through individual affordability assessment, we enable you to fund your lifestyle at competitive interest rates. This includes flexible finance for your home, motor vehicle, lifestyle assets, professional practice or to grow your investment portfolio.
- Get up to 100% financing with a personalised payment plan structured around your cash flow requirements
- Pay no monthly administration fee (lending administration fee) if you service the finance for your home, vehicle or other assets from your Private Bank Account
- Save on interest with an access facility that allows you to deposit excess funds
Save
Capital preservation, security and exceptional returns…
For no additional fees, you can open one of our Cash Investment Accounts to save your money and watch it grow. This includes Fixed and Fixed Tax-Free Deposits, Instant Access, or flexible Notice Accounts at competitive interest rates.
- A sterling-based UK transactional account with a debit card for a single monthly fee of £10
- An Online Share Trading account with Investec Wealth & Investment for no monthly administration fees and reduced non-tiered brokerage (minimum brokerage per transaction applies).
1. Investec Life
As a private client, Investec Life gives you an exclusive opportunity to protect your life, lifestyle, family, and wealth – all in One Place™.
Investec Life offers you a more efficient way to protect your life, with cover that can adapt as your needs change. You are able to apply for, and adjust, your life cover either through Investec Online or through our team of specialist Investec Life advisers.
Investec Life offers the following products:
- Life Cover
- Mortgage Protection Cover
- Income Protection Cover
- Severe Illness Cover
- Disability Cover
If you have any questions, simply call Investec Life on +27 11 291 3934 or 0860 443 443 or email our specialist team of Investec Life advisers.
2. Aon insurance offering
Bespoke insurance and risk solutions with Aon South Africa.
Aon South Africa is an approved insurance broker to Investec. As a leading provider of private insurance broking, Aon has unparalleled expertise in dealing with individuals with significant and often complex asset portfolios.
They offer seamless, tailor-made insurance, and risk solutions to more than 25% of the top 200 South African public companies, thousands of privately owned businesses, and private individuals.
Some of the benefits include:
- Assets all risk cover - A portion of the household contents sum insured extends to all-risk cover. It is very convenient as you no longer need to specify personal belongings like cell phones, tablets, jewellery, etc.
- Waiver of the average condition on homeowners (building) cover - Through Aon, Investec bonded buildings will never be subject to under insurance.
- Specialist insurance products – Aon has access to various specialist insurance products catering for anything from high-value vehicles to art, antiques, and jewellery.
- For more information, please contact Aon South Africa on 0860 746 466 or email [email protected].
Online & in touch 24/7
In addition to our 24/7 global Client Support Centre and your specialist Private Banker, with Investec Online and the App, you get a consolidated view of your banking and investment accounts, locally and internationally, with one login, on one platform.
Access features such as:
- Easy, daily transactional banking - make payments, add beneficiaries, check balances, transfer funds, redeem Investec Rewards points and buy airtime, data or prepaid electricity
- Our Manage my finances tool that gives you a complete picture of everything you own, including your Investec and external accounts, investments and rewards. You can easily analyse your income and spend
- An international payments functionality that enables you to accept real-time competitive rates or easily receive money from abroad
- My Briefcase where you can upload and save digital copies of your important documents and access these anywhere, any time
- Get documents online, such as visa letters, stamped bank statements and tax certificates
Apply now
Tell us more about your banking needs, so we can better serve you.
