Investec Interest Rate Review for May 2024
Introduction
This page gives you an overview of Investec interest rates for May 2024. Investec offers:
- Savings accounts. Saving accounts give you quick and easy access to your money.
- Notice accounts. You will need to give Investec notice before you get access to your money. Interest rates typically higher than your savings account.
- Fixed deposits. The interest rate for a fixed deposit investment does not fluctuate and is instead fixed throughout your investment period.
The main difference between these three options is ease of access to your money. Savings accounts will provide you with near instant access, but in return you get a lower rate of interest . Notice accounts will provide better interest rates, but you will need to give Investec notice before getting access to your money. Fixed deposits generally pay the best interest, but you commit your money for a fixed term. In case you do need to withdraw, you can still get access before your term is over but will have to pay a penalty.
Investec interest rate overview for savings, notice accounts and fixed deposits
Here is a table of interest rates available at Investec. It shows the type of account, deposit and interest rate you can get.
Name | Deposit | Nominal rate |
Savings | ||
R100k - 25m | 7.95 - 8.15% | |
R250k | 8.45% | |
Notice accounts | ||
45 day notice | R100k | 8.47% |
40 day notice | R1m | 8.51% |
90 day notice | R100k | 8.62% |
15 day notice | R100k | 8.7% |
32 day notice | R100k | 8.75% |
45 day notice | R100k | 8.78% |
60 day notice | R100k | 8.8% |
90 day notice | R100k | 8.9% |
120 day notice | R100k | 8.95% |
Fixed deposits | ||
6 month | R100k | 8.45%- 8.6% |
24 month | R100k | 9.05%- 9.2% |
12 month | R100k | 9.05%- 9.3% |
60 month | R100k | 9.78%- 9.93% |
Check out the full Investec fixed deposit review for May 2024 |
Investec offers two types of savings accounts.
- Investec PrimeSaver Account starts with a minimum deposit of R100,000 and pays interest of 7.95%. The highest rate you can achieve with the Investec PrimeSaver Account is 8.15% for savings balances over R25,000,000.
- Investec MoneyFund Tracker requires a mininum deposit of R250,000 and pays an interest rate of 8%.
Investec offers nine types of notice accounts.
- Investec 45 day notice pays an interest rate of 8.47% for balances over R100.0k
- Investec 40 day notice pays an interest rate of 8.51% for balances over R1.0m
- Investec 90 day notice pays an interest rate of 8.62% for balances over R100.0k
- Investec 15 day notice pays an interest rate of 8.7% for balances over R100.0k
- Investec 32 day notice pays an interest rate of 8.75% for balances over R100.0k
- Investec 45 day notice pays an interest rate of 8.78% for balances over R100.0k
- Investec 60 day notice pays an interest rate of 8.8% for balances over R100.0k
- Investec 90 day notice pays an interest rate of 8.9% for balances over R100.0k
- Investec 120 day notice pays an interest rate of 8.95% for balances over R100.0k
- Investec 6 month fixed deposit pays interest from 8.45% and up to 8.6% - for balances over R100.0k
- Investec 24 month fixed deposit pays interest from 9.05% and up to 9.2% - for balances over R100.0k
- Investec 12 month fixed deposit pays interest from 9.05% and up to 9.3% - for balances over R100.0k
- Investec 60 month fixed deposit pays interest from 9.78% and up to 9.93% - for balances over R100.0k