As a result, the One Account product now features a high interest savings account, an optional overdraft facility up to AU$30,000, a debit card, online and mobile banking functionality.
To support the launch of its debit card, Investec also announced an introductory rate of 3.75 per cent, which is a 1.5 per cent bonus on top of the current 2.25 per cent standard variable rate for the first six months for balances up to $250,000. The offer, which stands until 31 March 2014, is for clients that activate the debit card and deposit at least $1,000 per month over the six-month period.
Investec has more than 20,000 private banking clients across Australia predominantly in the medical, dental and accounting professions.