As of 25 March 2010 we have withdrawn the High 5 Account and it is no longer available to new clients. For new clients we have a wide range of products that cater for your savings needs, including the High 5 Issue 2 and the High 10 accounts.
For more information on our products or if you have any queries, please contact us
on 0845 366 6333.
| Interest rate | 3.22% gross AER1 |
| Interest paid | Monthly or annually |
| Tax status | Interest is paid net or gross, subject to the account holder's tax status, and may be subject to change |
| Minimum deposit | £25,000 |
| Conditions for bonus payment | Not applicable |
| Withdrawal | 3 months' notice required to make a withdrawal |
| Access | Access to account information via online banking, post, fax and phone |
Each week, we use the average of the 5 highest paying savings accounts2, as published in the best-buy tables on the independent Moneyfacts website, to calculate our rate. We look at all the highest paying accounts, including instant and notice accounts, internet-only accounts, monthly interest accounts, those with introductory bonuses and over-50s accounts. We re-calculate the rate each week.
Interest on your account is calculated daily and paid either monthly or annually, into an account of your choice, without charge*.
* Charges do not apply for BACS transfers to UK bank accounts
You must maintain a minimum balance of £25,000 to earn interest.
Deposits can be made by cheque, BACS transfer or CHAPS transfer. For deposits in non-Sterling currencies, deposits can be made by cheque or electronic transfer provided we accept deposits in that currency. Full details and clearing times are contained in section 8 of our terms and conditions.
When you make a withdrawal, we will send your money to any UK account free of charge*. You need to give 3 months' notice to make a withdrawal.
* Charges do not apply for BACS transfers to UK bank accounts
| Financial Institution | Account | Interest Rate |
| Shawbrook Bank | 120 Day Personal Savings Account Issue 2 |
3.30% |
| Investec Bank | High 5 Account | 3.22% |
| Shawbrook Bank | 95 Day Personal Savings Account Issue 2 |
3.20% |
| Aldermore | 120 Day Notice |
3.20% |
| Hanley Economic Building Society | Postal 180 Day Notice | 3.20% |
| Krbs | Internet 60 Day Notice Issue 2 | 3.20% |
The interest rates above are 'gross' rates with the exception of the Investec High 5 Account which is 'gross AER1'.
Icesave was not covered by the UK £50K guarantee scheme. Investec Bank IS … I checked extensively before opening 6 months ago.
G_M, moneysavingexpert.com
I want to praise this professional bank. What good service and what a quick turnaround for my application. They sent a professional pack of information and my own personal contact at the bank.
Kittie, moneysavingexpert.com
A bank's security, and ensuring my account is safe is very important, and I believe that Investec have got this right, along with keeping with as good as possible rate of interest.
Client experience survey, 1 May 2009
Excellent, all round service to date compared with other banks I have dealt with in the past...
Client experience survey, 16 June 2009
To see the rate history for the Investec High 5 Account, please visit our High 5 rate history page on the Investec website.
With the High 5 Issue 2 Account, we shop around to make sure you receive a consistently competitive rate. 6 months notice required. £25000 minimum deposit.
Think of us as your personal rate shoppers. 3 months notice required. £25000 minimum deposit.
Terms and conditions and charges for the Investec High 5 Account
1 Rate correct as at 16 May 2012. AER stands for the Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once a year. ‘Gross’ is the interest rate paid before the deduction of tax. Interest rates are variable and subject to change.
2 Moneyfacts Group plc of Moneyfacts House. 66-70 Thorpe Road, Norwich, Norfolk, NRI IBJ is entirely an independent and impartial source of information and their selection charts can be seen throughout the UK national press and media. The rate is set weekly based on the average of the top 5 savings rates published on the Moneyfacts website www.moneyfacts.co.uk across the categories of no notice accounts, notice accounts, internet accounts, monthly interest accounts, accounts for the over 50s and accounts with an introductory bonus.
Investec Bank plc (Reg. no. 489604) is authorised and regulated by the Financial Services Authority and is a member of the London Stock Exchange. Registered Office: 2 Gresham Street, London EC2V 7QP. For your security, telephone calls to Investec Bank plc may be recorded. By telephoning the above phone number, your call will be routed to Investec Limited in South Africa. Similarly, data provided to the above e-mail address will be sent to Investec Limited in South Africa. Data will not be disclosed outside the Investec group of companies and will be treated with full regard to the United Kingdom's Data Protection legislation. Please refer to Investec Bank plc's privacy policy for further information.
You may cancel the account by writing to us within fourteen days of the date of our notification to you confirming that the account has been opened, without giving any reason and without paying any charges.
Deposits can be made by cheque, BACS transfer or CHAPS transfer. For deposits in non-Sterling currencies, deposits can be made by cheque or electronic transfer provided we accept deposits in that currency. Full details and clearing times are contained in paragraph 8 of our terms and conditions.