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Business Reserve account

Instant access to your business savings

To apply you must be 18+ and resident in the Isle of Man. Your business must be registered in the Isle of Man.
On this page
Features
Interest rates
Depositor Compensation Scheme
How to apply

Help your business savings grow

Whether you're saving for bills, equipment or business expansion - our savings account lets you earn interest and have instant access to your funds.

  • Instant access to your business savings
  • Earn interest daily and receive it on the last business day of every month. 
  • Interest can be paid into your Business Reserve account or your current account.
  • Make unlimited withdrawals without penalties
  • Minimum balance of £1 and maximum balance of £2 million

Interest rates

Rates effective up to 14th April 2020

Balance

£0 - £999,999.99
£1m +

Gross Rate % p.a. (variable)

0.20%
0.30%

AER %

0.20%
0.30%
Rates effective from 15th April 2020

Balance

£0+

Gross Rate % p.a. (variable)

0.01%

AER %

0.01%
Interest rates are subject to variation.
Gross rate is the interest rate you are paid without the deduction of any income tax. AER (Annual Equivalent Rate) shows you what the rate would be if the interest was paid and compounded each year.

Depositor Compensation Scheme

Isle of Man Bank is a member of the Isle of Man Depositors’ Compensation Scheme (DCS) as set out in the Depositors’ Compensation Scheme Regulations 2010. 

To understand your eligibility under the scheme you may wish to visit the Isle of Man Financial Services Authority website.

Apply for a Business Reserve account

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Existing business customer?

If you're an existing business customer please contact your Relationship Manager on their dedicated telephone number.

Alternatively, call into your local branch where we can put you in touch with your Relationship Manager.

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New to Isle of Man Bank?

Give us a call on 01624 637000 

Lines are open Monday to Friday 9am - 5pm, except on bank holidays. If outside these hours please leave a message and we'll contact you as soon as we can.