Investec Cash Management Account
Product Rules
Investec Specialist Bank
These product rules form part of, and are deemed to be incorporated in, the Terms and Conditions applicable to
Investec Cash Investments ("Terms and Conditions"). Words and expressions used in these product rules shall
have the meaning ascribed to them in the Terms and Conditions. If there is any conflict between the Terms and
Conditions and these product rules, these product rules will apply.
Product description
The Investec Cash Management Account is a call deposit with a prime-linked interest rate, which provides
immediate access to funds.
Definitions
• "account balance" means the total capital invested in the account at any given time, and constitutes the
balance on which interest is earned
• "available balance" means the funds that are available immediately in the account subject to
encumbrances
• "encumbrance" means a hold placed on funds that have been reserved or have not yet cleared
• "prime rate" means the prime lending rate of interest of Investec Specialist Bank in South Africa from time
to time
General
The Investec Cash Management Account is linked to your Investec Private Bank Account, offering a prime-
linked interest rate, with immediate access to your funds.
06/2017
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Interest rates
• The interest rate is tiered and is calculated on the account balance
Rates applicable to individuals
Account balance Interest earned (NACM)*
< R250 000 prime rate less 5.50%
R250 000 – R999 999.99 prime rate less 5.00%
≥ R1 000 000 prime rate less 4.50%
Rates applicable to legal entities
Account balance Interest earned (NACM)*
< R250 000 prime rate less 6.00%
R250 000 – R999 999.99 prime rate less 5.50%
≥ R1 000 000 prime rate less 5.00%
* All rates are quoted on a nominal annual compounded monthly basis
• Interest accrues daily and can either be compounded monthly or transferred to a designated bank account
• If interest is transferred to a designated bank account, it is done so on the first business day of the
following month
• The interest rate earned is based on a fixed differential to the prime rate and will accordingly fluctuate
automatically in line with fluctuations in the prime rate without prior notice to you
• Investec reserves the right to amend the variance to the prime rate on your account with notice to you 1
Deposits
• No minimum deposit is required
• Additional deposits can be made at any time
• Additional deposits will immediately increase the account balance but may not necessarily increase the
available balance
1
Refer to the Terms and Conditions, available on [Link], for further details
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Withdrawals
• The available balance may be withdrawn immediately
Online banking functionality
You will be able to:
• View statements
• View transactional history
• Process payments to a preloaded beneficiary2
• View and print statements and IT3(b) income tax certificates
Fees
• No monthly management or administration fees apply to the Investec Cash Management Account
• Investec is entitled to charge and recover fees in respect of transactions. Refer to
[Link]/ci-fees for the applicable transaction fees
Account closure
• No account can be closed if there is an encumbrance over the account
• No additional deposits can be made into the account once Investec has received an instruction to close the
account
• Accrued interest will be capitalised on the closure date and included in the amount transferred when the
closing instruction is actioned
• Refer to the Terms and Conditions, available on [Link], for further details regarding account
closure
Product restrictions
• No debit orders and/or manual scheduled payments are permitted
• The Investec Cash Management Account is not intended for use as a transactional banking account
2
Beneficiary payments:
• Clients with a transactional bank account are able to transfer funds to their current account from which transactions can be
processed in accordance with their transactional banking functionality
• Clients who do not have a transactional bank account will be able to make limited transactions to a preloaded beneficiary
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Complaints
Should you have any complaints, contact your banker or the Global Client Support Centre on +27 11 286 9663.
Disclaimers
• Investec is entitled to amend these product rules and/or to withdraw the product at any time, in accordance
with the Terms and Conditions. All amendments are published on [Link]
• These product rules (as amended from time to time) apply to any Investec Cash Management Account you
may open with Investec. It is your responsibility to ensure that you have read and understood the product
rules and any amendments to them
• Please refer to [Link] for additional information on the product or to review the Terms and
Conditions
Instant Access | Notice Accounts | Fixed Deposits
Investec Specialist Bank, a division of Investec Bank Limited registration number 1969/004763/06. Investec Specialist Bank is committed
to the Code of Banking Practice as regulated by the Ombudsman for Banking Services. A registered credit provider registration number
NCRCP9.