Investec Bank increases rates on dollar account

This makes the account 20 basis points above the Federal Reserve rate of 5.25%. The product is available to savers with $50,000, €50,000, £25,000 or above to deposit. The interest rate on this 90 day notice account is variable but will never fall below the Fed, European Central Bank or Bank of England base rates. Interest is paid quarterly and can be paid away to a nominated account free of charge. Clients can make withdrawals in over eight currencies by electronic fund transfers and cheques can be issued in dollars, euros and sterling. The rise follows recent increases on the Euro Invest...