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