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Investec launches high interest account for IFA clients

Investec Bank is launching a third issue of its Base Plus Account paying interest at 6 per cent gross.


The account guarantees to pay investors 0.75 per cent above its own interest base rate.


Investors are tied into the account for one year. However, a one off withdrawal is allowed after six months&#39 although this is subject to one months&#39 notice.


IFAs can receive commission of 0.5 per cent of the opening balance payable six months&#39 from when the account is opened. But this is subject to a minimum of £50 and a maximum of £100.


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