Investec savings rates — compare every account, plus switch offers and guides

Who they are

Investec is an Anglo-South African international banking and wealth management group. It was founded in 1974 in Johannesburg as a small leasing and financing company. Investec entered the UK market in 1992 by acquiring London-based Allied Trust Bank Limited, its first international acquisition. Today it operates as a fully licensed UK bank - authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Most people will know Investec from its private and corporate banking work, but it also runs Investec Save, a simple and easy-to-use online savings solution aimed squarely at everyday savers.

Savings accounts

Investec Save covers four main account types. The Online Flexi Saver is the flexible option - a variable-rate easy access account with unlimited deposits and withdrawals, currently paying 3.79% AER, with a £5,000 minimum. The 90-Day Notice Saver pays 4.00% AER and sits in the middle for savers who can plan withdrawals in advance, again with a £5,000 minimum.

The fixed-rate range is where Investec tends to stand out. The 1-Year Fixed Rate Saver currently pays 4.70% AER, the 2-Year pays 4.95% AER, and the 3-Year pays 5.00% AER - all with a £5,000 minimum and no access until maturity. There is also a Fixed Rate Cash ISA paying 4.60% AER, which has a slightly lower minimum of £1,000. None of these accounts carry a bonus rate - what you see is what you earn from day one.

FSCS protection - a useful detail

Your eligible deposits at Investec Bank plc are protected up to £120,000 by the FSCS - higher than the standard £85,000 limit that applies at most banks. If you save across multiple Investec accounts, the £120,000 cap covers your total combined balance. Worth keeping in mind if you are holding a larger sum.

Is it right for you?

Investec Save suits savers who have at least £5,000 set aside and want competitive rates without needing a high-street branch. The fixed-rate accounts are the main draw - particularly for anyone comfortable locking money away for one to three years. The Flexi Saver and notice account add flexibility if your plans might change. There are no current account switch offers to factor in here.

Investec Save does not have a dedicated mobile app, but its website and online dashboard are fully optimised for mobile use.

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