Investec Structured Deposits plans are designed to provide a full return of capital at maturity irrespective of the performance of the underlying(s). 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. Investec 6 Month Fixed Deposit Rate indicated requires a minimum deposit balance of Over R1 000 000 to open up this type of account. Yes. The Capitec Fixed term savings plan has 2 options, the single deposit option and multiple deposits. Compare interest rates for offshore fixed term deposit accounts from major banks in the Channel Islands including Jersey and Guernsey. Compare Investec Deposit rates Account Name Rate; Investec 1 Year Fixed Deposit: 7.82%: Investec 6 Month Fixed Deposit: 7.30%: Investec 1 Month Fixed Deposit: 6.65%: Compare 3 ... Investec 3 Month Fixed Deposit. Investec Bank plc 1 Year Fixed Term Deposit, Type: easyaccess, Rate AER:2.0000 %. First mover advantage. 3 Year Base Rate Plus … 0.40% £1,000 £1,000,000 FSCS 5 Year Fixed Rate. A Grindrod Bank Fixed Deposit account allows you to deposit funds for a specific period (see table below) with a pre-determined interest rate that does not fluctuate during the duration of the deposit. Options from 3 months to 5 years of fixed term deposit accounts. It has tiered rates so this product return can vary depending on amount deposited 'period effective'. Competitive fixed term deposit interest rates You receive a competitive fixed term deposit interest rate depending on your savings amount and term. Most financial institutions offer a capital guarantee on the amount invested. The rate of 7.30% is 0.48% higher than the average 6.82%. All rates are subject to change without notice, please check with the bank or building society before investing. You earn interest from day one and interest earned can be compounded monthly or paid out. The higher the balance in the account, the higher our competitive interest rate. Some large full-service banks, such as Nedbank and Standard Bank, quote a preferential interest rate for fixed deposit accounts opened and managed online (only). Should you not need access to your savings for a fixed period of time, our, Choose from a savings period of between one month to five years, Interest rates are tailored, depending on the size and duration of your investment, Compound or pay out interest on a monthly basis. One risk of a fixed deposit is that your capital is locked away for the chosen period and you will not have access to this until the period has ended without incurring a penalty fee. Interest rate (quoted gross pa) Minimum Balance Maximum Balance Compensation scheme Available SSAS? It should be noted that usually you cannot withdraw your funds from a fixed rate bond without incurring a significant penalty. Investec Bank Deposit Rates Investec offers fixed term deposits, notice deposits and instant access deposits, prime linked deposit and tax free fixed rates. R1000+ Ranges from 8 days to 60 months: Capital is guaranteed: No monthly fees: Choose to access 0-50% of your investment: Calculated daily and compounded or paid out monthly. Choose between having your monthly interest compounded or paid away. Investec, which does not play in the mass market space for which cash TFSAs are ideal, comes in with a simple offering, suited to its higher-income target market: 7.45% interest a year on a minimum deposit of R30 000 on a 12-month term and a maximum annual contribution of R33 000. A discretionary minimum deposit amount of R50 000 is required for fixed deposits. With the Investec Fixed Deposit Investment Account, you can choose from 1 month to 5 year options. This is a fixed term deposit account, with no withdrawals permitted before the end of the fixed term. Dynamic Fixed Deposit. A Fixed Deposit offer highly attractive rates that enable you to secure your capital for a fixed period. Compare interest rates for offshore fixed term deposit accounts from major banks in the Channel Islands including Jersey and Guernsey. The rate for the 'fixed term deposit' product is period effective and for a 1 year or 12 month term. You will receive a competitive market related deposit rate, based on a fixed differential to Investec’s prime lending rate. View the latest daily interest rates of all cash investment accounts, including fixed term deposits, notice deposits and instant access deposit accounts so that you can make an informed decision on where to deposit your hard earned cash and save for what matters most. Online Deposit Terms and Conditions 2 These online deposit terms and conditions (the "Terms"), together with each specific online Deposit product sheet (each a "Product Sheet") and the Website Legal Section (as such term is defined below), set out the basis on which we, Investec Bank plc, will provide you with Deposits via the Online Service (as defined A Fixed Deposit offer highly attractive rates that enable you to secure your capital for a fixed period. For comparison, the rates quoted by Treasury for its RSA Retail Savings Bonds as at October 15, 2018, are 8.25% (fixed) for two years, 8.75% for three and 9.25% for five years. The minimum amount for a fixed deposit depends on the financial institution you choose to save with as these vary. Please note: The Cash Panel is available for all SIPP products administered by the James Hay Administration Company Limited. TABLE OF RATES (UPDATED: 21 JANUARY 2020) Investec LiquidFixed Deposit Investment Account Features: You get the option to choose the term period, level of access and deposit amount. 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. The below tables show the rates banks are offering on fixed deposit amounts of R10 000, R50 000 and R100 000. Investec offers fixed term deposits, notice deposits and instant access deposits, prime linked deposit and tax free fixed rates. All rates are indicative, and are subject to vary as rates are calculated on a daily basis. Search Investec Search Popular searches. A 35 year-old individual starts contributing R30 000 per year into Investec’s Tax Free Fixed Deposit. Account type: Fixed-term Savings Plan. to that Deposit for the duration of the deposit period. The new interest rates from Investec Bank plc place these accounts into the top three of their respective fixed rate categories. Its 18 Month Fixed Term Deposit is now joint-third with OakNorth Bank, with higher rates available from QIB (UK) (1.65% expected profit rate) and BLME (1.70% expected profit rate). Investec Bank : 6 months : Fixed Deposits : 3,31%: 234,46/month 2.814/year: 100.000: 16/1/2021 3 . Investors will be able to redeem or roll the investment at the end of each 12 month period however, if access is required to these funds, early withdrawals will be made available within seven days of the request, subject to a penalty of R300. 7.30%. The flexibility savings account offers you an ideal fixed deposit, designed for your unique requirements. Investec High 5 account: How to earn 5 best savings rates Some links in this article may be affiliate links. Investec 1 Year Fixed Deposit. A discretionary minimum deposit amount of R50 000 is required for fixed deposits. Interest rate: up to 8.50% nominal interest rate The Capitec Fixed term savings plan has 2 options, the single deposit option and multiple deposits. Unlimited deposits and withdrawals; No extra charge for this service other than the annual platform fee. 1.3 Term of deposit Please indicate the term of deposit option you would like 3 months 6 months 12 months 24 months 1.4 Declaration I/we instruct James Hay Partnership to open a Fixed Term Deposit Account with Investec Bank plc and I/we have read and agree … They are term deposits (like a fixed rate bond) with a variable return linked to the performance of an underlying asset (like the UK stockmarket). The Investec Tax Free Fixed Deposit Investment Account is a 12 month investment account that allows you to maximize your returns in a product which is fully excused from income tax. Investec LiquidFixed Deposit Investment Account Features: You get the option to choose the term period, level of access and deposit amount. Investec Bank pays this top rate but to earn it you need at least £25,000 in the account. A Grindrod Bank Fixed Deposit account allows you to deposit funds for a specific period (see table below) with a pre-determined interest rate that does not fluctuate during the duration of the deposit. Deposits range from 1 month to 12 months, The interest is paid monthly or compounded. Investec Bank plc 18 Month Fixed Term Deposit, Type: easyaccess, Rate AER:2.0500 %. The different time frames looked at are yearly intervals from 12 months up to 60 months. Benefit from a dedicated Client Support Centre. Fixed rate bonds typically offer some of the best rates of interest on the market, which is guaranteed for the life of the bond. Investec Fixed Deposit Interest Rates. It has tiered rates so this product return can vary depending on amount deposited 'period effective'. Additional risks may exist depending on your particular financial institution. 1.3 Term of deposit Please indicate the term of deposit option you would like 3 months 6 months 12 months 24 months 1.4 Declaration I/we instruct James Hay Partnership to open a Fixed Term Deposit Account with Investec Bank plc and I/we have read and agree … Access funds after a fixed period with a Fixed Deposit. Investec 3 Month Fixed Deposit Rate indicated requires a minimum deposit balance of Over R1 000 000 to open up this type of account. Hodge Bank 4 year fixed rate deposit account. Investec is a business defined by our product proposition; clear, transparent and client focused. The accounts shown above are available for Self Invested Personal Pensions (SIPPs) and Small Self Administered Schemes (SSAS) to open. In a comprehensive survey of fixed deposit rates across the big four banks, Capitec and Investec show that anyone wanting to place a fixed deposit should thoroughly examine all their options first. Base Rate Tracker. Investec 1 Year Fixed Deposit. Copies of the Code and the Ombudsman's details are available on request or visit www.investec.com. Yes. Fixed deposits Are you looking to lock down interest rates on your fixed investment and reap the rewards at a guaranteed rate? View Rates Interest rate: up to 8.50% nominal interest rate. 6.86%. Apply Now About Us ; Constrasting to central bank rates, deposit rates can influence consumers and their investments in other asset classes, while the central bank rates may effect what rates banks may set. Whilst some providers also offer accounts for SSAS, the rates could be different to those shown below. In our summary, we introduce you to the single deposit option. Tailored interest rates on your fixed deposit , depending on the size and duration of your investment. It’s not always easy to anticipate when you’ll need to get hold of your savings. Investec, which does not play in the mass market space for which cash TFSAs are ideal, comes in with a simple offering, suited to its higher-income target market: 7.45% interest a year on a minimum deposit of R30 000 on a 12-month term and a maximum annual contribution of R33 000. Investec 3 Month Fixed Deposit. You will receive a competitive market related deposit rate, based on a fixed differential to Investec’s prime lending rate. Investec is committed to the Code of Banking Practice as regulated by the Ombudsman for Banking Services. It provides a range of financial Had to contact them by phone on a few occasions and … If you’ve got a lump sum you’re happy to put away and not touch for a while, a fixed-rate bond can be a great idea. Wyelands Bank 12 Month Fixed Term Account, Type: easyaccess, Rate AER:1.9700 %. Investec Bank plc’s 3 Year Fixed Term Deposit is in third place for the best three-year rate available to open online, with Gatehouse Bank second (including an option to open through the Raisin UK platform) at 1.82% expected profit rate and BLME at the top at 1.85% expected profit rate. Choose between having your monthly interest compounded or paid away. Earn a fixed rate on your savings that is prime-linked, for a fixed period of time. Punjab National Bank 5 year fixed rate. It has fixed interest rates and is subject to the provisions of the Income Tax Act 1962 and all other applicable legislation. Access funds after a fixed period with a Fixed Deposit. Rate indicated requires a minimum deposit balance of Over R1 000 000 to open up this type of account. Updated. How it works: From 6 to 60 months savings period. Account Details APY Updated; Investec 1 Year Fixed Deposit: 7.82%: May, 2018: Deposits range from 1 month to 12 months. Invest in a 12-month fixed deposit, earn a special rate and optimise your savings. Rate indicated requires a minimum deposit balance of Over R1 000 000 to open up this type of account. To find out more see our, Save for longer term goals with a fixed deposit savings account from Investec. The Investec Tax Free Fixed Deposit is available to individuals only and the fixed rate is set at the date of investment. We are using cookies to give you the best experience on our site. A fixed rate bond (or fixed term savings account) is a simple investment product that pays out a guaranteed amount of interest after a set period. Zenith Bank (UK) Ltd 2 Year Fixed Term Deposit, Type: easyaccess, Rate AER:2.1500 % Q: How do i invest in the Investec Prime Savings Account and what is notice period? There are no monthly fees to erode your savings and your capital is guaranteed. Make the Investec Tax Free Fixed Deposit work for you Here are two examples of how Investec’s Tax Free Fixed Deposit can help you save (minimum R30 000 investment at a premium fixed deposit rate of 7.31%* per annum). A fixed deposit account designed for your unique requirements. Investec Structured Products is a trading name of Investec Bank plc. It requires a minimum deposit balance of Over R1 000 000 to open up this type of account. Maximise your returns with a product that is fully exempt from tax. 3.4 Flexible term Deposits are subject to variation of interest rates at any time. Account Details APY Updated; Investec Prime Saver Savings Account: 6.70%. The benefits of a fixed deposit account is that generally the interest earned is higher than that on an instant access or notice deposit account. Investec Savings Account Interest Rates. 01-Mar-16. Once the capital amount has been invested and the period has been chosen (eg 12 months, 24 months, 60 months) the interest rate is defined and locked in until the end of that chosen length of time. May, 2018. May, 2018. Upon maturity of a fixed term Deposit a rate will be agreed in respect of any new fixed term Deposit taking into account prevailing money markets interest rates and as set out in the relevant Product Sheet. Starting at a minimum deposit of R1 000, have the freedom to deposit and withdraw at any time with no fixed periods and no monthly fees. Amounts exceeding the tax free allowance will be taxed in full. Savings accounts Our interest, fixed on you. The interest rate is locked in and does not change throughout the period. However sometimes a bank might change the rates without updating its page immediately or a delay might occur in our update or even an incorrect entry. Invest from R100 000 Fixed terms from 6 months to 5 years, 1 month intervals Instant access from 0%- 50%, in 10% increments Invest for longer, with limited access to earn high returns Investec LiquidFixed Deposit Select your "Deposit amount", "Instant access required" and "Term" by clicking relevant slider to find out the rate that applies to you. You have no access to your funds until they mature to ensure maximum returns. In a comprehensive survey of fixed deposit rates across the big four banks, Capitec and Investec show that anyone wanting to place a fixed deposit should thoroughly examine all … Compare Investec Deposit rates Account Name Rate; Investec 1 Year Fixed Deposit: 7.82%: Investec 3 Month Fixed Deposit: 6.86%: Investec 1 Month Fixed Deposit: 6.65%: Compare 6 ... Investec 6 Month Fixed Deposit. Fixed Rates. Deposit Plans They are term deposits (like a fixed rate bond) with a variable return linked to the performance of an underlying asset (like the UK stockmarket). Investec Tax Free Fixed Deposit 8.30% – Mercantile Fixed Deposit 7.75% ... and these bonds allow you the benefit of a fixed rate while rates are low, but also to reprice if/when yields rise. If your account balance falls below £10,000, you will earn 0.00% gross p.a.^ (variable)/AER*. The rate of 6.86% is 0.5% higher than the average 6.36%. Rate; Investec 6 Month Fixed Deposit: 7.30%: Investec 3 Month Fixed Deposit: 6.86%: Investec 1 Month Fixed Deposit: 6.65% Apply Now About Us ; Lock your funds away from one month to five years and earn a competitive interest rate. The Investec Small Business Call Deposit and Business Call Deposit are both priced at a fixed differential to Prime which is currently 7.00%. Linked deposit and Tax Free fixed deposit interest rates on your particular institution! Banking and asset management group to Investec ’ s prime lending rate available to only!: the Cash Panel is available to individuals only and the fixed rate bond and now have! 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