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    More NewsInvestec Launches Offshore Fixed Reserve Account

    Investec Launches Offshore Fixed Reserve Account

    Author Date published July 1, 2009 Categories

    Investec Bank (Channel Islands) has announced the launch of its fixed reserve account, which it says offers a highly competitive interest rate of 3.00% AER/gross for individual investors with £50,000 or more.

    Benefits of the account include a guaranteed fixed interest rate for the life of the deposit, which matures on 31 August 2010, and the flexibility of receiving interest monthly that can be paid away to a nominated account free of charge.

    As Investec is a participant in the Guernsey Banking Deposit Compensation Scheme, all individual private clients held in Guernsey are covered by the scheme up to a maximum of £50,000. In order to secure this interest rate, clients must deposit funds before 28 August 2009.

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