Private Investment Accounts
We offer private individuals two types of investment account facilities:
1.Private Investment Account We can offer you a Private Investment Account facility, by opening an Allan Gray investment account and investing in Allan Gray Money Market Fund. Minimum starting balance R100,000 You can view account online, add or withdraw at any time, takes 3 to 4 business days for money to be back in your personal bank account. Current interest rate 7.7% Interest is paid monthly. Our advice fee is 0.23% (including VAT) for the first R5,000,000, then 0% for amount above R5,000,000. Click here to download an illustrative investment overview
2.Enhanced Private Investment Account An Enhanced Private Investment Account offers a higher yield, by investing in a portfolio of income and fixed interest funds in an Allan Gray Investment Platform account. Minimum starting balance R100,000 Recommended minimum investment term: 12 months You can view account online, add or withdraw at any time, takes 3 to 4 business days for money to be back in your personal bank account Current interest rate 8.70% Interest is paid monthly. Some income funds in the portfolio pay interest quarterly. Our fee is 0.23% (including VAT) for the first R5,000,000, then 0% for amount above R5,000,000. The net effective interest rate is as follows: Click here to download an illustrative investment overview. If you would like to apply for a private investment account, please contact our Life & Invest Department on 011-658 1333, email invest@daberistic.com. |
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