Is it safe? / Investec Bank plc
Is Investec Bank plc safe?
Yes — Investec Bank plc is FSCS-protected. Deposits up to £120,000 per person (£240,000 for joint accounts) are covered under the Investec Bank plc banking licence (Investec plc). Important: that limit is shared with Investec — money across these brands counts as one pot.
Protection
FSCS to £120,000
Licence holder
Investec Bank plc
Parent company
Investec plc
The shared-limit catch
Investec Bank plc shares its banking licence with Investec. If you hold savings with more than one of these, the £120,000 FSCS limit applies to the combined total — not per brand. Spreading large balances across different licences keeps every pound protected. Check your spread →
The fine print (verified July 2026)
Deposits placed with Investec via savings apps (e.g. Plum's savings pockets) count toward the same limit as direct Investec accounts.
Investec Bank plc's current savings rates
- Easy Access Account4.05% AER
From the daily rates scrape. Compare every provider →
Worth knowing
FSCS also covers temporary high balances (house sale, inheritance) up to £1.4m for six months (raised December 2025). Compensation is automatic if a firm fails — typically paid within seven days.