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Interest rates

Interest on accounts held with the Isle of Man branch of Santander UK plc is paid gross, without the deduction of tax. The situs of accounts held with our Isle of Man branch is the Isle of Man.

You are responsible for disclosing the interest earned on your account to the relevant tax authorities of the countries where you may be liable to pay tax.

The interest rates published on this website should be used as a guide only. Whilst every effort is made to ensure that the latest rates are shown on this website, you are advised to telephone +44 (0) 1624 641888 if you wish to check the rate payable on any given day. The interest rate on the day your funds begin to earn interest, as specified in our General Terms & Conditions, will be the rate applying for that account type on that day.


Personal account interest rates as at 3 August 2015

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 0.90% 0.90% 0.90%
£200,000 - £5million 1.00% 1.00% 1.00%
2 Year Fixed Rate Bond IOM £500 - £199,999 1.15% 1.15% 1.14%
£200,000 - £5million 1.25% 1.25% 1.24%
Account name Tier AER
(gross/fixed)
Gross (fixed)
If paid annually If paid monthly
1 Year Manx Loyalty Bond IOM £20,000 - £5million 1.15% 1.15% 1.14%
2 Year Manx Loyalty Bond IOM £20,000 - £5million 1.40% 1.40% 1.39%

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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