Investment Accounts - Investec Tax Free Fixed Deposit Investment Account

Investec Tax Free Fixed Deposit Investment Account

 
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Investec Tax Free Fixed Deposit Investment Account

The Investec Tax Free Fixed Deposit Investment Account is a 12 month investment account that allows…

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Investec Tax Free Fixed Deposit Investment Account

The Investec Tax Free Fixed Deposit Investment Account is a 12 month investment account that allows you to maximize your returns in a product which is fully excused from income tax. It has fixed interest rates and is subject to the provisions of the Income Tax Act 1962 and all other applicable legislation.

Investec Tax Free Fixed Deposit Investment Account Features:

  • 12 month fixed cash investment.
  • Fixed premium cash deposit rate.
  • 100% of investment returns exempt from tax.
  • There are no monthly fee charges.
  • You will reticence a dedicated Client Support Centre.
  • There is no access to your funds until they mature to ensure maximum returns.
  • Minimum investment of R30 000 per tax year.
  • Maximum investment of R30 000 per tax year.
  • Maximum lifetime contribution of R500 000.
  • A premium fixed deposit rate is earned for the duration of the investment.
  • Interest is earned from day one.
  • Interest is paid monthly or compounded.

The interest rate of the Investec Tax Free Fixed Deposit Investment Account is calculated on the accounts capital balance and is fixed for the period of the investment. Interest earned can be compounded monthly or transferred to a designated bank account if the interest transferred to a designated bank account is done so on the first business day of the month.

 

Investec contact details:

Address: 100 Grayston Dr,
Sandton, Johannesburg 2196

Tel: 011 286 7000
Email: [email protected]
Website: www.investec.co.za

Account Details

Highest Interest Rate 7.59%
Min Investment Amount 30000.00
Investment Period 12 months

Interest Rates

R1,000 - R10,000 NA
R10,000 - R25,000 NA
R25,000 - R50,000 7.59%
R50,000 - R75,000 7.59%
Interest R75,000 - R100,000 7.59%
Interest R100,000 - R500,000 7.59%
R500,000 - R1,000,000 NA
R1,000,000 - R5,000,000 NA
R5,000,000 + 7.59%


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