Notice Accounts
A range of corporate deposit accounts with a variety of different notice periods
In this section
An Investec Notice Account allows you to access your company's cash without losing a favourable rate of interest. Notice Accounts have no annual fees or charges.
Why a Notice Account could be right for your company
Your company would like to maximise the interest return on its deposited cash but needs the flexibility of accessing funds after a specific notice period. Investec’s range of deposit accounts provide a variety of notice periods that pay a premium over their comparable fixed term deposit rates.
Considerations
- The relevant notice periods must be adhered to in order to access the deposited funds
- The minimum deposit for Investec Notice Accounts is £250,000 or the currency equivalent
- Interest rate will fall if there is a decline in the relevant Central Bank base rate
- Early withdrawals are subject to consent and may incur a penalty equivalent to loss of interest
Interest and Statements
- Interest is calculated daily on the cleared balance in the account using the prevailing interest rate
- The initial interest rate on the account will be agreed with you and will be reviewed after a relevant Central Bank interest rate decision and at the end of each month.
- Interest on the account is capitalised on a monthly basis
- A statement of the account will be issued monthly
- Account cannot be used to make third party payments. All funds must be received from and returned to an account in the company’s own name