Investec Bank in the Channel Islands has launched a new savings account, which is aimed at the global wealthy. The Investec Horizon Acco...

Investec Bank in the Channel Islands has launched a new savings account, which is aimed at the global wealthy. The Investec Horizon Account is designed for offshore savers and has the attraction of offering high interest rates that will never fall below either the Federal Reserve effective rate or the European Central Bank refinancing rate for savers. “The new savings product has the benefit of Investec’s own treasury trading room behind it,” Anna Malcolm, a manager for Investec in the Channel Islands, told WealthBriefing. Ms Malcolm added said the new account was unique in that it also provided a private bank-style, relationship-driven service, through a client manager, to savers with interest being paid quarterly rather than the traditional annual payment. The minimum investment for the Horizon account is $50,000 or €50,000.