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
| Balance | Gross Rate | AER (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
Call us on
01624 637000
Lines are open: Mon to Fri 9.00am-5.00pm
(excluding public holidays).
Calls may be recorded
