Someone should be paying your business some real interest.
That someone is us.
Our Investec Business High 5 Account always pays you the average of the five highest savings rates as supplied by Moneyfacts Group plc2. No more shopping around or moving your money – just one top-5 rate for everyone.
- A unique, market-leading savings product
- Interest rate paid is set independently, updated weekly and is the average of the top 5 gross rates published in the best buy tables on the Moneyfacts2 website
- Gives you the confidence of knowing you will always receive a consistently competitive rate
- Simple account opening process and you will be assigned your own client manager
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Investec Business High 5 Account: Overview
| Rate as at 28 July 2010 | |
| Interest rate | 1.96% gross AER |
| Interest paid | Monthly or annually |
| Tax status | Interest is paid net or gross, subject to the accout holder's tax status, and may be subject to change |
| Minimum deposit | £50,000 |
| 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 |
Some more information on the Investec Business High 5 Account
- Interest on qualifying balances will be calculated daily and credited to your account monthly or annually. We can also remit your interest to another account in your business name with any UK bank or building society without charge
- The account is available to limited companies, partnerships, sole traders, charities, clubs, societies, associations and limited liability partnerships
- For previous rates for the Investec Business High 5 Account, or to find out how we calculate the rate, click on the How it works tab
About us
- Visit our main website to find out more about us
- See all our deposit products
Please note: as of 22 March 2010, when an account is opened we will no longer pay a referral fee to new clients and clients making a referral, as this campaign has now come to an end.
Looking ahead our focus is going to be about ensuring we deliver the best possible experience to our clients. We hope your experience with us continues to be a positive one and that you will still recommend us to your friends and family.
Downloads
- Terms & conditions and charges for the Investec Business High 5 Account
- Factsheet for the Investec Business High 5 Account
- Information on the Financial Services Compensation Scheme and our regulators
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Find out what's happening in our world, and get in touch with us:
How it works
Calculating the rate
Each week the independent financial product research company Moneyfacts will take the five highest savings rates in the business savings market across the categories of no notice, 7, 30, 60, 90 and 90+ day notice accounts, find their mid-point and use this to set the rate for the Investec Business High 5 Account. As well as being assured one of the best rates available it also has the added benefit that the rate is set independently.
Paying your interest
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
Keeping a minimum balance
You must maintain a minimum balance of £50,000 to earn interest.
Paying in funds
Deposits can be made by cheque, BACS transfer or CHAPS transfer.
By cheque: Complete your account number on the reverse of the cheque(s) and send it to the Bank.
By direct credit (BACS): Please quote sort code 08 60 68 and your eight-digit account number.
Electronically (CHAPS): Please pay to Citibank, London, sort code 18 50 08 for account of Investec Bank plc Account number 00562785 for further credit to your ‘account name and eight digit account number’.
Withdrawing funds
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
Downloads
- Terms & conditions and charges for the Investec Business High 5 Account
- Factsheet for the Investec Business High 5 Account
- Information on the Financial Services Compensation Scheme and our regulators
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Find out what's happening in our world, and get in touch with us:
How we compare
A market-leading rate
The Investec Business High 5 Account was the first of its kind in the UK. Other savings accounts offer attractive rates to new customers but often drop their rates after an introductory period. The Business High 5 Account will always have one of the leading rates in the market.
| Moneyfacts' current highest savings rates as at 28 July 2010 | ||
| Financial Institution | Account | Gross AER |
| Stafford Railway Building Society | Pullman | 2.25% |
| Bath Building Society | Business Direct 6 Month Tracker | 2.05% |
| Market Harborough Building Society | Corporate Deposit 7 Day | 2.00% |
| Butterfield Private Bank | 90 Day Notice | 2.00% |
| Investec Bank | Business High 5 | 1.96% |
| Cambridge Building Society | Notice Saver | 1.50% |
The Investec Business High 5's rate history
See the rate history for the Investec Business High 5 Account, and how this compares to other leading savings accounts.
Downloads
- Terms & conditions and charges for the Investec Business High 5 Account
- Factsheet for the Investec Business High 5 Account
- Information on the Financial Services Compensation Scheme and our regulators
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Find out what's happening in our world, and get in touch with us:
In the press
Huge drop in subscriptions could result in hundreds of clubs and societies closing
14 April 2010
- Subscriptions to clubs and societies will fall by almost 8% in 2010, equivalent to a loss of almost £362 million
- Almost a third of cash deposit accounts targeted at clubs and associations paying interest of 0.1% Gross AER or less2
- The Investec Business High 5 Account always pays the average of the five highest savings business accounts.3 Its current rate is 2.19%3 Gross AER4
Two thirds of small businesses don’t know the rate of interest on their deposit savings accounts
15 February 2010
New research from Investec Private Bank reveals that 65% of small businesses with a savings deposit account - some 831,000 organisations – don’t know what rate of interest they are receiving. Investec estimates that they could have over £30 billion in savings accounts.
Research reveals £362 million drop in subscriptions to clubs and societies this year
8 February 2010
New research from Investec Private Bank reveals that UK adults plan to spend £4.29 billion on membership subscriptions to clubs and societies during 2010, down £362 million on 2009.
10% drop in donations to charities last year
13 January 2010
New research from Investec Private Bank reveals that UK adults donated £5.32 billion to charities during 2009, which was £574 million (or 9.7%) less than in 2008. The average amount people donated to charities last year was £110.20 per person. In total, 71% of the adult population – some 34.1 million people – gave money to charities.
Investec Private Bank reveals lack of competition in best-buy business savings accounts
09 November 2009
New research from Investec Private Bank demonstrates how few banks and building societies offer consistently competitive rates for business savers.
Investec Business High 5 savings account rate now 2.50% gross AER
30 October 2009
Investec Private Bank’s Business High 5 Account has paid a consistently high rate since its launch in July 2009. Indeed, the rate has never fallen below 2.31% gross AER and is currently 2.50% gross AER, 2% above the Bank of England base rate.
Investec Private Bank research highlights poor rates from business savings accounts
19 August 2009
The new Investec Business High 5 Account will pay the average of the five highest business savings accounts. Its current rate is 2.41% Gross AER. For balances of £50,000, 17% of business savings accounts pay 0.05% Gross or less.
Downloads
- Terms & conditions and charges for the Investec Business High 5 Account
- Factsheet for the Investec Business High 5 Account
- Information on the Financial Services Compensation Scheme and our regulators
Follow us on Twitter
Find out what's happening in our world, and get in touch with us:
Apply now
The whole process shouldn't take more than 5-10 minutes. Simply download the application form, print it, fill it out and return it to us at:
Investec Bank plc, Banking Operations, FREEPOST KE7080, LONDON, EC2B 2AL
As soon as we receive it we’ll process your application and get in touch within 5 working days.
Once your account is open you can transfer your business' money into it straight away and start saving.
1 Rate correct as at 28 July 2010. 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 based on the average of the top 5 savings rates in the business savings market published in the best buy tables on the Moneyfacts website www.moneyfacts.co.uk across the categories of no notice, 7, 30, 60, 90 and 90+ day notice accounts. No more than one product from any bank, building society or financial institution is taken into account when calculating the AER.
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.
