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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 2 September 2016

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 - £74,999 0.70% 0.70% 0.70%
£75,000 - £999,999 0.85% 0.85% 0.85%
£1million - £3million 0.95% 0.95% 0.95%
2 Year Fixed Rate Bond IOM £500 - £74,999 0.90% 0.90% 0.90%
£75,000 - £999,999 1.00% 1.00% 1.00%
£1million - £3million 1.15% 1.15% 1.14%
Account name Tier AER
(gross/fixed)
Gross (fixed)
If paid annually If paid monthly
1 Year Island Bond IOM £500 - £74,999 0.85% 0.85% 0.85%
£75,000 - £999,999 0.90% 0.90% 0.90%
£1million - £3million 0.95% 0.95% 0.95%
2 Year Island Bond IOM £500 - £74,999 0.95% 0.95% 0.95%
£75,000 - £999,999 1.05% 1.05% 1.04%
£1million - £3million 1.15% 1.15% 1.14%

Instant access accounts

Account name Tier Up to and including 31 October 2016 From 1 November 2016
Gross/AER (variable) Gross/AER (variable)
If paid annually If paid monthly If paid annually If paid monthly
Flexible Saver (Issue 2) IOM £1 - £3 million 0.50% 0.50% 0.25% 0.25%
Everyday Saver IOM £1 - £5 million 0.25% 0.25% 0.05% 0.05%
Instant Saver IOM £1 - £5 million 0.10% - 0.05% -

Savings for young adults

Account Name Tier Up to and including 31 October 2016 From 1 November 2016
Gross/AER (variable) Gross/AER (variable)
Flexible Saver for Kids IOM £1 - £2million 0.50% 0.25%

Accounts no longer available to be opened

Account name Tier Up to and including 31 October 2016 From 1 November 2016
Gross/AER (variable) Gross/AER (variable)
If paid annually If paid monthly If paid annually If paid monthly
Currency Account (USD) IOM $1 - $1.5 million 0.10% - 0.10% -
Currency Account (EURO) IOM €1 - €1.5 million 0.10% - 0.10% -
eSaver (Issue 4) IOM3 £1 - £5 million 0.70% 0.70% 0.45% 0.45%
Everyday Saver (D) IOM¹ £1 - £2 million 0.25% - 0.05% -
International Saver IOM £1 - £2 million 1.00% 1.00% 0.75% 0.75%
Manx Loyalty eSaver (Issue 4) IOM3 £1 - £5 million 1.00% 1.00% 0.75% 0.75%
Rate for Life IOM² £1,000 - £10 million
Below £1,000
0.75%
0.10%
0.75%
0.10%
0.50%
0.05%
0.50%
0.05%
Young Saver IOM £1 - £25,000 1.50% - 1.25% -

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 At the first account anniversary, eSaver accounts change to be Everyday Saver accounts

Up to and including 31 August 2016 From 1 September 2016
Interest rate p.a. Interest rate p.a.
Santander's Standard Variable Rate for Mortgages 4.74% 4.49%
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