Investec Bank Tax Free Savings
Tax-Free 12 Month Fixed Deposit
A 12 month fixed cash investment
• Fixed premium cash deposit rate
• 100% of investment returns are exempt from tax
• 100% capital guarantee on the investment
• Minimum initial contribution of R30 000
• Maximum contribution of R36 000 per tax year
• Maximum lifetime contribution of R500 000
• Single Investment Deposit with no capital additions allowed over the investment term
How the product works
The Investec Tax-Free Deposit is available to individuals only
• The fixed rate is set at the date of investment. Interest is calculated daily and paid monthly on the capital balance
in the account
• Early withdrawal of funds will be made available within 32 business days of the request, however early withdrawal requests may be subject to a penalty
What are the advantages of Investing in Investec’s Tax-Free Fixed Deposit?
The Tax-Free Fixed Deposit provides investors with the opportunity to take advantage of guaranteed, premium returns that are
tax-exempt during the term of the investment.
This tax-free product provides 100% capital guarantee throughout the term of the fixed deposit. Investors will also have the ability to redeem or roll the investment at the end of each 12 month period.
Should the need for liquidity arise during the term of the investment, the deposit can be unwound and made available within 32
business days of notice of early withdrawal, subject to early withdrawal conditions set out above.