Investec High 5 - breaking notice period

simonfitba

Hello,

I have an Investec High 5 (issue 1) account and need to break the 90-day notice period for a house purchase.

I thought the penalty was 0.5% of the balance (which would be fine) but can't find any mention of this now on their website.

Does anyone here know, or have they done this before?

Ark_Welder

http://www.investec.co.uk/content/dam/investec/investec.co.uk/Files/BankingServices/Termsandconditions.pdf

Restrictions on making payments out of your account

4.18 Withdrawal restrictions apply to payments out of your account, as follows:

(a) Notice Accounts: you can only make payments to an account in your name. You must give us the required notice to withdraw funds as set out in the additional conditions for your account. We will only consider whether to allow an early withdrawal in cases of extreme emergency, but we do not have to agree to this.

High 5 specific T&Cs starting on page 23:

5 Payments out of your account

You must give us three months’ notice to withdraw funds from the account.

simonfitba

Cheers.

Looks like I'm scuppered.