First Reserve

Straightforward savings from just £1

A First Reserve account is just the way to get your savings started. You can open an account with just £1 and enjoy easy access if you need to take your money out in a hurry.



Get started with just £1 - and no minimum balance


Interest paid quarterly - straight into your account


No withdrawal penalties - we don't charge you for withdrawing your money


Easy access - you'll get a cashcard so you can make withdrawals at cash machines


Make purchases - your cashcard also works as a debit card


Simple to manage - manage your savings in-branch, online or over the phone


Easy to transfer money - you'll find it easy to move money between First Reserve and your other Isle of Man Bank accounts


Start saving now - and watch your money grow

Full copies of the fees and terms and conditions that apply to our personal accounts can be downloaded from our terms and conditions page.

Current savings rates



BalanceGross RateAER (variable)
£0 +0.10%0.10%

Interest paid quarterly
Last updated on: 24/07/09

Common definitions

Throughout this page, you'll see various terms being used. Here's what they mean:

Annual Equivalent Rate (AER) - This is a notional rate used for interest bearing accounts, which illustrates what the gross credit interest rate (excluding any bonus interest payable) would be if paid and compounded on an annual basis. It helps you to compare the effective rates of credit interest on different accounts.

p.a. - per annum (per year).


Apply now

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Call us

Call us on
01624 637000


Lines are open: Mon to Fri 9.00am-5.00pm
(excluding public holidays).
Calls may be recorded