|Balance||AER||Gross Rate %|
Rates correct as at 31 October 2016 and are subject to change.
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.
Gross Rate – This means the interest rate you are paid before the deduction of tax.
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Please note Isle of Man Bank only accepts applications from residents of the Isle of Man.