Savings Interest Rates, Switch Offers and Guides for Investec

Who they are

Investec is an Anglo-South African international banking and wealth management group, founded in Johannesburg, South Africa. It was started as a small leasing and financing company in 1974 by Larry Nestadt, Errol Grolman and Ian Kantor, and has grown considerably since. It entered the UK market in 1992 by acquiring London-based Allied Trust Bank Limited, its first international acquisition. Investec Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. It is dual-listed on the London Stock Exchange and the Johannesburg Stock Exchange, and is a constituent of the FTSE 100 index. For everyday savers, the relevant arm is Investec Save, its dedicated online savings platform - a simpler, more accessible side of a bank that is better known for private and corporate clients.

Savings accounts

Investec Save's range covers most savings needs. The Fixed Rate Saver comes in one, two and three-year terms, with minimum deposits of £5,000 and no access until maturity - so these suit money you are confident you will not need to touch. There is also a 90-Day Notice Saver, again with a £5,000 minimum, which offers a variable rate and suits savers who can plan their withdrawals ahead of time. For those who want full flexibility, the Online Flexi Saver offers unlimited deposits and withdrawals on a variable rate, also from £5,000. There is additionally a 1-Year Fixed Rate Cash ISA available from £1,000, which is the lower entry point in the range. All products carry FSCS protection - deposits up to £120,000 are covered by the UK's deposit guarantee scheme at Investec Bank plc. This is higher than the standard £85,000 limit that applies at most banks, which is worth noting if you hold a larger sum - though if you save across multiple Investec accounts, the £120,000 cap covers your total balance combined.

Is it right for you?

Investec Save tends to suit savers who have at least £5,000 to put away and want genuinely competitive rates without the frills of a high-street branch network. There is no switch offer or bonus rate to factor in here - the headline rate is what you get from day one. Investec Save does not have a dedicated mobile app, but its website and online dashboard are fully optimised for mobile use. If you are comfortable managing savings entirely online and can meet the minimum balance requirements, it is a straightforward, no-nonsense option.

Rates change regularly, so use the live figures shown on this page to see exactly what Investec is paying right now before you decide.