What is an Instant Access account?
An Instant Access account is a savings account that lets you keep your funds available when you need them, while still earning interest. You can add funds to your Instant Access account whenever you need to and withdraw funds immediately, subject to the account rules and available balance.
What Instant Access accounts are available?
The Instant Access accounts available on Clarity by Investec are the Investec PrimeSaver and the Investec USD Call Account.
The Investec PrimeSaver is a Rand (ZAR) savings account that enables you to have instant access to your savings while still earning a competitive prime-linked interest rate.
The Investec USD Call Account is a US Dollar savings account that allows you to have instant access to your USD funds while earning a competitive interest rate, based on a spread to Secured overnight financing rate (SOFR).
What is the Investec PrimeSaver?
The Investec PrimeSaver is an Instant Access savings account from Investec, which is available to you on Clarity by Investec. Investec PrimeSaver allows you to save in rands (ZAR), earning a Prime-linked interest rate. This savings account allows you to add funds whenever you need to, and provides immediate access to your funds, subject to the account rules and available balance. You can start saving from R1. Interest is calculated daily and capitalised monthly. You can view the latest interest rate for the Investec PrimeSaver by opening an account on Clarity by Investec.
What is the USD Call Account?
The Investec USD Call Account is a US Dollar Instant Access savings account from Investec, which is available to you on Clarity by Investec. The USD Call Account allows you to save in USD and earn interest according to the USD Call Account terms. This savings account allows you to add funds whenever you need to, and provides immediate access to your funds when you need them, subject to the account rules and available balance. You can start saving from $1. Interest is calculated daily and capitalised monthly. You can view the latest interest rate for the Investec USD Call Account by opening an account on Clarity by Investec.
Is there a minimum amount required for an Instant Access account?
Yes, the minimum deposit amounts are as follows
Investec PrimeSaver is R1.00
USD Call Account is $1.00