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Investment Options

Through Investec CCM, Action iT (Pty) Ltd offers the following 4 investment options:

Call Deposits

A Call Deposit account is an investment account which allows investors immediate access to the funds in their account whilst offering good interest. Withdrawals and deposits can be made with no minimum deposit amount and a premium prime-linked call rate.

The features of the Call Deposit investment choice include:

  • Immediate access to funds
  • Competitive rates (prime linked call rate)
  • Requires a daily minimum balance of R 5 000
  • Clients have limited free transactions per investment per month depending on the value of the investment

Prime Saver Call Deposits

A Prime Saver Call Deposit account is an investment account which allows natural persons access to the funds in their account whilst offering good interest. Withdrawals and deposits can be made with no minimum deposit and a premium prime-linked call rate.

The features of the Prime Saver Call Deposit investment choice include:

  • Immediate access to funds
  • Competitive rates (prime linked call rate)
  • Requires a daily minimum balance of R 1 000
  • Allows for a maximum balance of R 5 000 000
  • Limited to 4 (four) transactions per month
  • Available to natural persons only
  • Guarantees cannot be issued against the funds
  • Account may not be used for transactional purposes
  • No debit orders and/or scheduled payments are permitted
  • Maximum number of 5 Prime Saver accounts may be opened per natural person
  • To earn the premium rate, the aggregate of the funds held in the accounts should not exceed R 5 000 000.

Term Deposits

Term Deposits are also known as fixed deposits. Term Deposits are those investments that are held at a financial institution over a fixed term, anywhere from 3 days to 365 days. These are generally short-term with maturities ranging anywhere from a month to a few years that offer competitive rates. For these types of investments we have the ability to negotiate a better rate with the Investec Specialist Bank Ltd treasury when it comes to large deposits.

The features of the Term Deposit investment choice include:

  • Ability to fix the interest rate from 3 to 365 days
  • Competitive interest rates
  • Ability to negotiate with Investec Treasury for large deposits
  • Requires a daily minimum balance of R 5 000
  • Penalty will be charged for early withdrawal i.e. (0.5% x (Period to go)/365 x Capital amount); with a minimum penalty of R 750.00

Notice Deposits

Notice Deposits are suited to those investors who do not require immediate access to their funds and they can therefore earn a higher rate than that of Call Accounts. Notice Deposits combine competitive interest rates with predictable returns and clients can customise a notice deposit according to their unique investment needs.

Your personalised notice deposit = Your selected notice period + Your selected Percentage (%) access to funds + Your deposit amount

The features of the Notice Deposit investment choice include:

  • The investor can customise a notice deposit according to their own unique investment needs
  • The investor can select notice periods that range from: 15, 32, 45, 60, 75 or 90 days
  • Requires a minimum deposit of R50 000
  • Interest rates are linked to the prime interest rate
  • Interest rate is determined by the combination of the notice period and the level of access (liquidity) selected
  • Allows the investor to select a desired level of access (liquidity), choosing from 10%, 20%, 30%, 40% or 50%

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