investec high 5 account

kjmtoday

I am thinking about putting 25k into these are they any good?

martyn4764

Good, dependable rate; 3.36% this week. Full FSCS protection.

Excellent customer service. We've been very pleased with it.

Reaper

Can't fault them. Be sure to check out the referrals board to get an introductory bonus too.
http://forums.moneysavingexpert.com/showthread.html?t=1469637

kjmtoday

Thanks for that.

I have not put in referall in box, did it wednesday and i am now waiting for password from post. Shall i start again or can i ring them with referral name etc

kjmtoday

I have telephoned them so will get deposit in once other person as deposited.

I am now in A&L online banking so do I have to send via post bankers draft or can i action them to do via bacs?

martyn4764

Hi Kerry

You can make the first deposit via BACS.

Martyn

kjmtoday

Great thanks Martyn

G_M

Hi kjm,
Be careful to use the correct BACS details. Ring Investecf to get a temp sort code/account number and put as the reference: 'new account - kjmtoday' (but your real name!')

You can contact them any time after the account is open to add a referrer's details.



For future BACS transfers once your account is open you use your actual account number.

soba

I've been looking on the Investec site and looking at the High 5 account but can't see the answer to my questions. I can see that I'd need to give three month's notice to withdraw money from the account, but what about closing the account, does the same still apply?

So it's an 'ongoing' account - no fixed term?

musehead

soba wrote: »

So it's an 'ongoing' account - no fixed term?

Exactly.

You'll need to give 3 months notice to close it, counts as a withdrawal.

Primrose

Does this account give you an option to receive interest monthly or is it only added annually? I'm fed up with looking for other options when fixed term bonds expire and wonder whether this account would work as a substitute.