Investec

Who they are

Investec began as a small finance company in Johannesburg, South Africa, in 1974 , before entering the UK market in 1992 by acquiring London-based Allied Trust Bank. Today it operates as a leading international bank and wealth manager, offering private, corporate and investment banking alongside savings products under the Investec Save brand.

For UK savers, Investec Save is a distinct, separate proposition from its private banking arm - a straightforward, online-only savings platform. Accounts are easy to open and manage online, with no surprise fees or conditions in the small print, and live chat support if you need it. Worth knowing: there is no mobile app for Investec Save accounts, but the website and online dashboard are fully optimised for mobile use. Trustpilot reviews are broadly positive, with customers frequently mentioning that setting up new accounts is a straightforward, swift process, complemented by attractive interest rates and clear information.

Savings accounts

Investec Save offers six products across different access levels. The fixed-rate range is where the bank tends to stand out - check the live rates on this page for the current figures on the 1-Year, 2-Year and 3-Year Fixed Rate Savers, all of which require a £5,000 minimum. If you need flexibility, the Online Flexi Saver gives unlimited deposits and withdrawals and requires a minimum of £5,000. There is also a 90-Day Notice Saver at £5,000 minimum for those who want a middle ground, and a Fixed Rate Cash ISA with a lower £1,000 minimum entry point. None of the accounts carry bonus rates that expire, which keeps things simpler.

All accounts are deposits held with Investec Bank plc (FCA reference 172330, authorised and regulated), and your eligible savings are protected up to £120,000 per person by the FSCS. Investec Bank plc holds its own banking licence with no shared-licence brands, so your full £120,000 allowance sits here alone. Joint accounts receive £240,000 of cover.

Is it right for you?

Investec Save suits savers who are comfortable doing everything online and want competitive fixed rates without any bonus-rate complexity. The £5,000 minimum on most accounts is a real threshold - it rules out those just starting out. If you can meet it and you are happy locking money away for one to three years, Investec regularly appears near the top of the fixed-rate tables. The easy access and notice accounts are more modest on rate, so compare them carefully against the wider market before committing.

There are no current account switch offers from Investec, so this is purely a savings destination rather than a full banking switch.

Use the live rates shown on this page to compare exactly where Investec sits right now before you decide.