Investec Corporate Cash Manager Current Call Rates
The interest rate earned is linked to the Prime Overdraft Rate, and therefore remains relatively stable. Interest accrues and is compounded monthly.
| Legacy earns | 3.65% per annum |
| Effective Rate | 3.71% per annum* |
| Repo Rate | 3.75% per annum |
| Prime Rate | 7.25% per annum |
Investec Corporate Cash Manager Prime Money Rates
The interest rate earned is linked to the Prime Overdraft Rate, and therefore remains relatively stable. Interest accrues and is compounded monthly.
| Legacy Earns | 4.55% per annum |
| Effective Rate | 4.65% per annum* |
| Repo Rate | 3.75% per annum |
| Prime Rate | 7.25% per annum |
* Current Annual Effective Interest Rate
Nedbank Corporate Saver Current Call Rates
The interest rate earned is NOT linked to the Prime Overdraft Rate, but is calculated as follows:
| Legacy earns | 3.30% per annum |
| Effective Rate | 3.35% per annum* |
| Potential Bonus | 0.20% per annum** |
| Repo Rate | 3.75% per annum |
| Prime Rate | 7.25% per annum |
* Current Annual Effective Interest Rate
** The current gross rate is 3.30%. However, if 85% or more of your funds (on average) remain in your account for the month, an additional bonus rate will be paid. This system allows for a potential gross interest rate (currently) of 3.50%.
Our clients are charged an administration fee (plus VAT) as a percentage of the actual interest earned, whilst still ensuring a competitive advantage. The percentage charged is dependent on the quantum of the funds invested.
