We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.
Investec current accounts review
If you’re looking for a private bank account with exclusive benefits, find out whether Investec’s current accounts could suit you.
No reviews yet.
Write a review
Financial firm Investec offers a range of exclusive financial products for high net worth individuals. To qualify you will need to meet strict eligibility criteria.
Compare Cater Allen’s current accounts
1 - 2 of 2
Types of current accounts from Investec
Investec has 2 private bank accounts and both require that you have a minimum annual salary of £300,000 and a net worth of £3 million.
Voyage account
Private account
This account pays interest on balances up to £250,000, offers a flexible arranged overdraft facility and won’t charge you for sending or receiving money from in or outside the UK. You’ll have your own dedicated private banker to help manage your individual banking needs and exclusive access to Private Bank Deposit accounts. The account also offers unlimited lounge access for you and a guest at 1,200 airport lounges and global family travel insurance. There are no fees for using your debit card abroad in certain countries. The account has a £500 annual fee.
With this account you can talk to a team of specialists 24/7 for all your banking needs, get emergency assistance whether you’re home or abroad, and access online and mobile banking. There are also no fees for using your debit card abroad in certain countries. The account has a £10 monthly fee.
Benefits of opening an account with Investec
- No foreign transaction fees. When you use your debit card in certain countries, these fees will be waived.
- Interest paid on balances. The Voyage account pays interest on balances up to £250,000.
- Specialist support. You’ll have access to a dedicated private banker or team of specialists for all your banking needs.
- Extra perks. The Voyage account offers benefits such as travel insurance and airport lounge access.
- Emergency assistance. You can get help at home or abroad for emergencies such as a lost or stolen card.
How to open an account
To open an Investec account you will need to fill in an online form and provide details including your name, phone number, email address, profession and total income. A private banker will then get in touch with you to discuss your requirements and establish a private banking service designed to suit your needs.
You will need to supply proof of ID, such as a passport or driving licence, and proof of address, such as utility bill or mortgage statement.
Is Investec safe?
Yes, if you bank with Investec, eligible deposits will be protected under the Financial Services Compensation Scheme (FSCS). This means up to £85,000 per person per financial institution is protected in the event the bank goes bust.
Pros and cons
Pros
- Exclusive banking benefits
- No foreign transaction fees in certain countries
- Emergency assistance
- FSCS protection
Cons
- For high net worth individuals only
- Monthly or annual account fees
Our verdict
If you earn enough and you’re looking for an exclusive bank account with benefits tailored to you, the accounts on offer from Investec could be well worth considering.
However, if you don’t qualify or you’re after a more straightforward account with no monthly or annual fees, you’ll need to look elsewhere.
Frequently asked questions
More guides on Finder
-
How to buy OpenAI shares when it goes public
Everything we know about the OpenAI IPO, plus information on how to buy shares.
-
7 simple ways to boost your savings
Many households in the UK are struggling to save, so Finder’s experts have put together these tips to help you boost your savings.
-
Autumn Statement 2023: What it means for you
Finder’s experts explain the impact of the changes your finances.
-
How to open a business bank account in the UK
Discover how to open a business bank account in the UK. From the documents you’ll need to whether you’re eligible for a business bank account, we’ve got it covered.
-
Global savings: Comparing interest rates across countries
We looked at how global savings interest rates fared against the UK base rate in 10 countries around the world.
-
Your survival guide to the Black Friday sales 2023
Learn Finder’s 7 tips for how to play the sales and win. Plus, our video reveals the discounts we expect to see from top brands this year.
-
How to invest in mutual funds
Looking to diversify your investment portfolio? Mutual funds could be a good addition. Here’s how they work.
-
Financial stress and mental health statistics UK
7 in 10 Brits (70%) have experienced financial stress, so we look at the latest statistics to see the impact money has on our mental health.