Investec High 5 Account

G_M

Hi KTF

PM sent with referral details.

boywonder_1978

Would everyone recommend this account, or is it too good to be true? I have around £30k that I need to reinvest, this seems ideal.

Is the referral scheme still on?

kiboy6

I would highly recommend it - very efficient and easy to deal with. Plus they always answer the phone right away which is a very welcome change!

The referral scheme is still going too. In fact I just sent you a PM if you would like to use me as your referrer

celsworth

Just filling in the form to open one of these and specifically signed up to see if anyone would like to earn themselves (and me) £50

martyn4764

Hi Celsworth

PM sent

Thanks.

Reaper

Remember the only place we are allowed to ask for or offer referrals is on the Referral forum. Here's the Investec thread:
http://forums.moneysavingexpert.com/showthread.html?t=1469637

moonshine

rate on this dropping to 3.11% on 5th August https://www.emoneyfacts.co.uk/news/savings-news.aspx?newsarticleid=188075

Gymgenius

Evening all. I've recently learnt about this seemingly amazing account from these forums.

Now, I like to think I'm not thick - but surely my calculations are not right? Can anyone confirm my calculations are correct please? ;-)

I've read on Investec's website that you can get paid interest monthly. Looking at their current monthly rate of 3.07% gross (2.45%) net....does that mean that one would receive gross interest of £767 in the first month? ...and obviously more next month - if it was compounded?

This astounding account has opened my eyes, and I'm now trying to get together the £25,000 required to open the account.

agsnu

Gymgenius wrote: »

I've read on Investec's website that you can get paid interest monthly. Looking at their current monthly rate of 3.07% gross (2.45%) net....does that mean that one would receive gross interest of £767 in the first month? ...and obviously more next month - if it was compounded?

No. £767 in the first month would be an interest rate of 36.8% on £25,000.

Alternatively, you would need £300,000 to achieve that amount of gross interest at a rate of 3.07%.

Gymgenius

agsnu wrote: »

No. £767 in the first month would be an interest rate of 36.8% on £25,000.

Alternatively, you would need £300,000 to achieve that amount of gross interest at a rate of 3.07%.

Drat! Anyone know how much the interest would be then? I'm soo confused now!
...and perhaps a bit thicker than I thought I was :rotfl: