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.

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Investec Bank plc

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
Name Product Finder Score Account fees Funding requirement Interest (AER) Arranged overdraft Incentive Representative example Link
Voyage
Not yet rated
£500 per annum.
No minimum funding requirement
0.1% AER
£0 per charging period
tag iconFree access to Priority PassTM airport lounges for account holder and a guest.
Current account switch service guarantee badgeRepresentative example: If you use an arranged overdraft of £1,200, you'll be charged an arranged overdraft usage fee of £0 per charging period. Account fee of £500 per annum..
View details
Private Bank Account
Not yet rated
£10 per month
No minimum funding requirement
0% AER
14.09% EAR variable plus £0 per charging period
tag iconFree 24/7 emergency cash service.
Current account switch service guarantee badgeRepresentative example: If you use an arranged overdraft of £1,200, you'll be charged interest at 14.09% EAR variable plus an arranged overdraft usage fee of £0 per charging period. Account fee of £10 per month.
View details
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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

  • 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.

  • Private account

  • 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

Customer service information for Investec

Email support
Telephone support
In-app or live chat
Contact form
Branch support

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

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. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.

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