New Investec deal attracts international investment

Investec Bank has launched a dollar and euro 90-day notice savings account that will pay investors an interest rate 0.25% higher than the Fed and ECB base rates. The dollar rate for Horizon is currently 3.25% gross (AER 3.28%) against a Fed rate of 3% while the EUR Horizon account is currently paying 2.25% gross (AER 2.26%) against an ECB rate of 2%. The offer is only available for investors who have a minimum of $50,000 or euro equivalent. Interest will be paid at the end of the 90 days. Clients of the account can also undertake foreign exchange transactions. Investec will offer corpor...