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Interest rates

Interest is paid gross, without deduction of tax. Accounts will be held with the Isle of Man branch of Santander UK plc.


Personal account interest rates as at 2 December 2014

Fixed rate bonds (limited availability)

Account name Tier AER
(gross/fixed)
Gross (fixed)
If paid annually If paid monthly
1 Year Fixed Rate Bond IOM £500 - £199,999 1.10% 1.10% 1.09%
£200,000 - £5million 1.20% 1.20% 1.19%
2 Year Fixed Rate Bond IOM £500 - £199,999 1.40% 1.40% 1.39%
£200,000 - £5million 1.50% 1.50% 1.49%
3 Year Fixed Rate Bond IOM £500 - £199,999 2.00% 2.00% 1.98%
£200,000 - £5million 2.05% 2.05% 2.03%
Account name Tier AER
(gross/fixed)
Gross (fixed)
If paid annually If paid monthly
1 Year Manx Loyalty Bond IOM £20,000 - £5million 1.40% 1.40% 1.39%
2 Year Manx Loyalty Bond IOM £20,000 - £5million 1.70% 1.70% 1.69%

Instant access accounts

  Gross/AER variable
Account Name Tier If paid annually If paid monthly
Everyday Saver IOM £1 - £5 million 0.50% 0.50%
Instant Saver IOM £1 - £5 million 0.10% -
Manx Loyalty eSaver (Issue 4) IOM £1 - £5 million 1.00% 1.00%
eSaver (Issue 4) IOM £1 - £5 million 0.70% 0.70%

Savings for young adults

Account Name Tier Gross/AER (variable)
Flexible Saver for Kids IOM £1 - £2million 0.50%

Accounts no longer available to be opened

  Gross/AER variable
Account Name Tier If paid annually If paid monthly
Currency Account (USD) IOM $1 - $1.5 million 0.10% -
Currency Account (EURO) IOM €1 - €1.5 million 0.10% -
Currency Account (EUR D) IOM¹ €1 - €1.5 million 0.10% -
Everyday Saver (D) IOM¹ £1 - £2 million 0.50% -
International Saver IOM £1 - £2 million 1.00% 1.00%
Rate for Life IOM² £1,000 - £10 million
Below £1,000
0.75%
0.10%
0.75%
0.10%
Young Saver IOM £1 - £25,000 1.50% -
Number of Withdrawals Tier Gross/AER (variable) Gross rate paid in month of withdrawal
Branch Saver (Issue 6) IOM3
(One Withdrawal)
£1 - £5 million 0.93% 0.10%
Branch Saver (Issue 6) IOM3
(None)
£1 - £5 million 1.00% Not Applicable
Branch Saver (Issue 7) IOM3
(One Withdrawal)
£1 - £5 million 0.70% 0.10%
Branch Saver (Issue 7) IOM3
(None)
£1 - £5 million 0.75% Not Applicable

1 Interest is only paid on account closure. The AER assumes the account is held for one year.

2 Rate guarantee of 0.25% above Bank of England Base Rate applies from £1,000.

3 A reduced rate of 0.10% gross/AER will be paid on the full balance in the account for the month in which a withdrawal is made. On the first account anniversary, the Branch Saver accounts become Everyday Saver accounts.

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