Investec issues Income Deposit base rate policy

Investec is offering the second issue of its Income Deposit product, available to private clients, p...

Investec is offering the second issue of its Income Deposit product, available to private clients, personal pensions and offshore bonds. Due to close to investment on 2 May, the product is available with one or two year terms and offers a minimum return linked to the UK base rate as well as full capital protection. The minimum deposit is £30,000. Offering minimum returns of 4% and 4.25% AER with the one- and two-year options, this is correlated to the UK base rate of 4.5% at the time of issue. If the base rate rises or falls before 2 May, the minimum return rates will increase or fall by...