Business Reserve
To apply you must be aged 18 or over, be resident in the Channel Islands, Isle of Man or Gibraltar and be the owner or director of the business you’re applying on behalf of. Your registered business address must be in the Isle of Man and/or the business must be registered for tax purposes in this jurisdiction.
The business must have a single layer of ownership with no nominee shareholding structures. All owners, directors or shareholders must be resident in the Channel Islands, Isle of Man or Gibraltar. Cash takings must not exceed 20% of the annual turnover.
Instant access to your business savings
Whether you're saving for bills, equipment or to expand your business, our Business Reserve savings account lets you earn interest and have instant access to your funds.
- Access to your business savings instantly
- No penalties for withdrawal
- Save between £1 and £2,000,000
- Interest calculated daily and applied monthly
Interest rates
Definitions
Here's what some of the words we use mean.
Annual Equivalent rate (AER) shows you what the rate would be if the interest was paid and compounded each year.
Gross Rate means the interest rate you are paid without deduction of income tax.
p.a. means Per annum (per 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.
Ready to apply?
Before you apply for a Business Reserve account, please review our eligibility criteria, important information and privacy details so you can make sure it's the right account for you.
Eligibility criteria
To apply for an account with Isle of Man Bank you must be:
- aged 18 or over
- resident in the Channel Islands, Isle of Man or Gibraltar
- the owner or director of the business you’re applying on behalf of
and the business:
- registered address must be in the Isle of Man and/or be registered for tax purposes in this jurisdiction
- must have a single layer of ownership with no nominee shareholding structures with all owners, directors or shareholders resident in the Channel Islands, Isle of Man or Gibraltar
- cash takings must not exceed 20% of the annual turnover
Please review our important information
How your information might be used
Let's get started. Are you a...
What kind of company are you?
Looks like you're ready
To help us process your application as quickly as possible, please complete the form in full.
When completed, please save the application form to your computer then email the PDF to our Business Banking Team at businessbankingapplications@iombank.com.
To use the interactive pdf application form, please use your desktop/laptop to download the file directly to your local drive and open the file using Adobe Reader. This form is not supported on mobile devices or tablets.
Looks like you're ready
To help us process your application as quickly as possible, please complete the form in full.
When completed, please save the application form to your computer then email the PDF to our Business Banking Team at businessbankingapplications@iombank.com.
To use the interactive pdf application form, please use your desktop/laptop to download the file directly to your local drive and open the file using Adobe Reader. This form is not supported on mobile devices or tablets.
Looks like you're ready
To help us process your application as quickly as possible, please complete the form in full.
When completed, please save the application form to your computer then email the PDF to our Business Banking Team at businessbankingapplications@iombank.com.
To use the interactive pdf application form, please use your desktop/laptop to download the file directly to your local drive and open the file using Adobe Reader. This form is not supported on mobile devices or tablets.
Looks like you're ready
To help us process your application as quickly as possible, please complete the form in full.
When completed, please save the application form to your computer then email the PDF to our Business Banking Team at businessbankingapplications@iombank.com.
To use the interactive pdf application form, please use your desktop/laptop to download the file directly to your local drive and open the file using Adobe Reader. This form is not supported on mobile devices or tablets.
What kind of company are you?
Looks like you're ready
To help us process your application as quickly as possible, please complete the form in full.
When completed, please save the application form to your computer then email the PDF to our Business Banking Team at businessbankingapplications@iombank.com.
To use the interactive pdf application form, please use your desktop/laptop to download the file directly to your local drive and open the file using Adobe Reader. This form is not supported on mobile devices or tablets.
Looks like you're ready
To help us process your application as quickly as possible, please complete the form in full.
When completed, please save the application form to your computer then email the PDF to our Business Banking Team at businessbankingapplications@iombank.com.
To use the interactive pdf application form, please use your desktop/laptop to download the file directly to your local drive and open the file using Adobe Reader. This form is not supported on mobile devices or tablets.
Looks like you're ready
To help us process your application as quickly as possible, please complete the form in full.
When completed, please save the application form to your computer then email the PDF to our Business Banking Team at businessbankingapplications@iombank.com.
To use the interactive pdf application form, please use your desktop/laptop to download the file directly to your local drive and open the file using Adobe Reader. This form is not supported on mobile devices or tablets.
Looks like you're ready
To help us process your application as quickly as possible, please complete the form in full.
When completed, please save the application form to your computer then email the PDF to our Business Banking Team at businessbankingapplications@iombank.com.
To use the interactive pdf application form, please use your desktop/laptop to download the file directly to your local drive and open the file using Adobe Reader. This form is not supported on mobile devices or tablets.