Investec: 12 months Fixed Term Deposit

The interest rate applicable to your savings account is fixed once your application is approved and you fund your account. The rate will stay the same throughout the duration of the fixed term. Should the bank amend the rate advertised before you have fully transferred funds and the rate is lower than the rate you originally ordered, we will automatically cancel your order. We will contact you if this occurs.

At current interest rates: A deposit of £1,000.00 would earn £42.80 after 12 months, for a final balance of £1,042.80. A deposit of £5,000.00 would earn £214.00 after 12 months, for a final balance of £5,214.00. These are illustrative examples and are not based on your individual circumstances.You are required to keep the full amount deposited in the account until the end of the agreed fixed term.

To open this savings account, you must apply online through Aviva plc. Savings accounts at Aviva plc are only available through this online application process, and to be eligible to apply, you must ● Be a UK resident who is aged 18 or over ● Hold a UK bank or building society account from which you will fund your application ● Have a valid mobile phone number and email address ● Have a UK National Insurance Number Your application acceptance will be subject to the successful completion of an Anti-Money Laundering/Know Your Customer (AML/KYC) checks. The minimum amount you can deposit is £1000.00 and the maximum amount you can deposit is £85000 (per product and banking institution). Please ensure you have read and understood all sets of Terms and Conditions before applying for this product. You can manage your savings account through Aviva plc by logging into your Aviva plc Account. You can contact Aviva plc by telephone, by email or in writing by using the contact details provided in the Aviva plc Terms and Conditions.

Because this savings account is a fixed term deposit, withdrawals are not permitted before the maturity date, except if an account holder dies, becomes mentally incapacitated or bankrupt, or in any other exceptional circumstances agreed to by Investec in its absolute discretion. This savings account does NOT operate on the basis that you can end the fixed term of your savings account prematurely and pay a fee to withdraw your funds sooner. Your savings account will not automatically renew at the end of the fixed term for a further fixed term.

The information provided in this summary box is a summary of the key features of this product and should be read in conjunction with our Product Sheet. Raisin Platforms Limited (RPL) will administer the deposit on your behalf and act as Bare Trustee. Funds will appear in Raisin Trust's account by the following business day from funding your application at the latest. Funds will be remitted to Investec by Raisin Trust on the next business day after arriving in the Raisin Trust account. It can therefore take up to 2 business days for an ordered product to be set up and start earning interest. All cash in transit and deposits once established, will be administered and held by RPL, in trust for you under FCA client money and asset rules. AER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once a year. Interest will be paid gross. Gross interest does not take into account any tax payable. Depending on your individual circumstances, you might have to pay tax on any interest you earn. If you have any specific tax questions you should seek professional tax advice. Alternatively, further guidance can be found on the HMRC website, for further information please go to: https://www.gov.uk/apply-tax-free-interest-on-savings. Please note that your tax treatment may be subject to change in the future. You are protected by FSCS up to a maximum of £85k across all of your eligible Investec accounts. Therefore, this maximum is the total protection for this deposit and any others you may hold with Investec directly. For all the information you need on FSCS please go to https:// www.fscs.org.uk/Placing funds via Aviva Save will impact how quickly FSCS can return your deposit to you if Investec Bank should fail. For all information you need on the FSCS repayment timelines please go to https://www.fscs.org.uk/what-we-cover/banks-building-societies/

The FSCS is the United Kingdom’s statutory deposit guarantee scheme. If an FSCS-protected bank fails or is unable to meet its financial obligations, the FSCS can provide compensation for eligible customer deposits up to a limit of £85,000 per person, per bank. The FSCS’ £85,000 protection limit applies to all deposits held with a bank (including current and savings accounts), as well as any deposits held with intermediaries of the same bank (for example, where a bank operates multiple banks under different trading names). Read our dedicated FAQ page to learn more about the FSCS.