Investec PrimeSaver Account Review for October 2024
Introduction
The Investec PrimeSaver Account is a savings account offered by Investec. Unlike notice or fixed deposits, savings accounts allow quick and easy access to your money.
This page summarises interest rates offered by Investec PrimeSaver Account and compares them to South Africa's savings account industry average. So you can get a good idea how the interest rates offered by Investec PrimeSaver Account compare to other banks.
Grow your savings with the Investec PrimeSaver Account, a prime-linked savings account with immediate access to your funds.
Investec PrimeSaver Account highlights
last updated 2nd October 2024 by Walter
- The Investec MoneyFund Tracker offers interest rates 7.80% and accepts investments from R250,000
Investec PrimeSaver Account
This table shows Investec PrimeSaver Account's interest rates for a R100,000 and R25,000,000 investment in Investec PrimeSaver Account versus the industry average.
| Investment amount | Nominal | Industry average1 | Earnings vs average2 |
|---|---|---|---|
| R100,000 | 7.80% #20 out of 52 | 6.59% | + R 1,288 |
| R100,000 | 7.80% #20 out of 52 | 6.59% | + R 1,288 |
| R100,000 | 7.80% #20 out of 52 | 6.59% | + R 1,288 |
| R25,000,000 | 7.70% #19 out of 48 | 6.66% | + R 278,432 |
| R25,000,000 | 7.70% #19 out of 48 | 6.66% | + R 278,432 |
| R25,000,000 | 7.70% #19 out of 48 | 6.66% | + R 278,432 |
- 1 industry average refers to the average interest rate across all other savings accounts for the given investment amount
- 2 the amount of interest you will be able earn over and above the average.
A negative amount means that the average savings account in South africa will give you more than Investec PrimeSaver Account.
| Investment amount | Nominal | Industry average1 | Earnings vs average2 |
|---|---|---|---|
| R100,000 for 18+ | 7.80% | 6.59% | + 1,288 |
| R100,000 for 18+ | 7.80% | 6.59% | + 1,288 |
| R100,000 for 18+ | 7.80% | 6.59% | + 1,288 |
| R25,000,000 for 18+ | 7.70% | 6.66% | + 278,432 |
| R25,000,000 for 18+ | 7.70% | 6.66% | + 278,432 |
| R25,000,000 for 18+ | 7.70% | 6.66% | + 278,432 |
- 1 industry average refers to the average interest rate across all other banks
- 2 the amount of interest you will be able earn over and above the average.
A negative amount means that the average savings account in South africa will give you more than Investec PrimeSaver Account.
You get a 7.7% interest rate at Investec PrimeSaver Account for a R25,000,000 investment. The industry average for a savings account with a balance of R25,000,000 is 6.66%. Over one year you will earn R278,432 more in interest at Investec PrimeSaver Account compared to the average savings account.
Here are other similar savings accounts in South Africa which require a minimum deposit between R50,000 - R100,000
| Account | Min Deposit | Rate |
|---|---|---|
| FNB Money Maximiser | R100,000 | 8.00% |
| Standard Bank MoneyMarket Select | R100,000 | 8.05% - 8.40% |
| Absa Cash Invest Tracker | R100,000 | 8.65% - 9.80% |
| Nedbank MoneyTrader | R50,000 | 7.95% |
| Investec PrimeSaver Account | R100,000 | 7.70% - 7.80% |