Investec Interest Rate Review for December 2024

Last updated 2nd December 2024 by Walter

Introduction

This page gives you an overview of Investec interest rates for December 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
Investec PrimeSaver Account	R100k - 25m	7.45 - 7.55%
Investec MoneyFund Tracker	R250k	7.63%
Notice accounts
Investec Top5 Optimiser 45 day notice	R100k	8.17%
Smart Rate Plus Notice Deposit 15 day notice	R100k	8.2%
Investec Private Select Fund 40 day notice	R1m	8.2%
Smart Rate Plus Notice Deposit 32 day notice	R100k	8.25%
Smart Rate Plus Notice Deposit 45 day notice	R100k	8.28%
Smart Rate Plus Notice Deposit 60 day notice	R100k	8.3%
Investec Top5 Optimiser 90 day notice	R100k	8.32%
Smart Rate Plus Notice Deposit 90 day notice	R100k	8.4%
Smart Rate Plus Notice Deposit 120 day notice	R100k	8.45%
Fixed deposits
3 month	R100k - 1m	7.18%- 7.63%
6 month	R100k	7.77%- 7.92%
24 month	R100k	8%- 8.15%
12 month	R100k	8.45%- 8.65%
60 month	R100k	8.56%- 8.71%
Check out the full Investec fixed deposit review for December 2024

Savings

Investec offers two types of savings accounts.

Investec PrimeSaver Account starts with a minimum deposit of R100,000 and pays interest of 7.45%. The highest rate you can achieve with the Investec PrimeSaver Account is 7.55% for savings balances over R25,000,000.
Investec MoneyFund Tracker requires a mininum deposit of R250,000 and pays an interest rate of 8%.

Remember the primary benefit of a savings account is easy and quick access to your money.

Notice accounts

Investec offers nine types of notice accounts.

Investec Investec Top5 Optimiser 45 day notice pays an interest rate of 8.17% for balances over R100.0k
Investec Smart Rate Plus Notice Deposit 15 day notice pays an interest rate of 8.2% for balances over R100.0k
Investec Investec Private Select Fund 40 day notice pays an interest rate of 8.2% for balances over R1.0m
Investec Smart Rate Plus Notice Deposit 32 day notice pays an interest rate of 8.25% for balances over R100.0k
Investec Smart Rate Plus Notice Deposit 45 day notice pays an interest rate of 8.28% for balances over R100.0k
Investec Smart Rate Plus Notice Deposit 60 day notice pays an interest rate of 8.3% for balances over R100.0k
Investec Investec Top5 Optimiser 90 day notice pays an interest rate of 8.32% for balances over R100.0k
Investec Smart Rate Plus Notice Deposit 90 day notice pays an interest rate of 8.4% for balances over R100.0k
Investec Smart Rate Plus Notice Deposit 120 day notice pays an interest rate of 8.45% for balances over R100.0k

Notice accounts pay better interest rates than savings, however, you will need to give notice to the bank before you get access to your money.

Fixed deposits

Investec 3 month fixed deposit pays interest from 7.18% and up to 7.63% - for balances over R1.0m
Investec 6 month fixed deposit pays interest from 7.77% and up to 7.92% - for balances over R100.0k
Investec 24 month fixed deposit pays interest from 8% and up to 8.15% - for balances over R100.0k
Investec 12 month fixed deposit pays interest from 8.45% and up to 8.65% - for balances over R100.0k
Investec 60 month fixed deposit pays interest from 8.56% and up to 8.71% - for balances over R100.0k

Fixed deposits typically pay better rates than savings and notice accounts. Your rate is fixed throughout the term.

PS. Check out my Investec fixed deposit calculator to find out how much interest you can earn compared to other banks for your investment amount.