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Cash Management account
Optimise the liquidity and return on funds
To apply you must be 18+ and resident in the Isle of Man. Your business must be registered in the Isle of Man.
Designed for finance centres
Our multi-currency Cash Management account helps to optimise the liquidity and refurn on funds and is supported by our electronic banking service, eQ.
A Cash Management account can be operated in a number of different ways:
- As an interest bearing account
- To manage an interest bearing, fixed deposit account with various terms
- To manage a loan, providing either single repayment fixed term advances or amortisation business term loan facilities
Features of Cash Management
- Multi-currency system covering all major currencies, including Sterling, US Dollar and Euro
- Holds cash balances, fixed term advances and deposits in one account
- Can be managed on eQ, letting you group together individual accounts and loans, make payments and track outward and inward transactions
Interest rates
Rates effective from 1st November 2020.
These are rates that we set and we can change. Credit interest is calculated on the credit balance on your Account(s) at the Isle of Man Bank Managed Rate less a margin of 1.00%. Margins on positive Managed Rates do not result in a customer rate of less than zero. Where a Managed Rate is zero or negative, no margin is applied.
Apply for a Cash Management account
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.
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.