Cookies on the Isle of Man Bank website Close

Privacy Statement: How we use cookies
Cookies are very small text files that are stored on your computer when you visit some websites.

We use cookies to help provide you with the best possible online experience. By using this site, you agree that we may store and access cookies on your device. For more information on cookies and how we use them, please visit our website.

Client deposit manager

Designed for professional firms and any organisation that holds client funds.

Why choose our Client Deposit Manager account?

Client Deposit Manager makes the everyday management of third party funds easier. It can help you ensure that you comply with any regulations imposed by a professional body and allows you to maximise your returns on short term cash.

Features and benefits

  • Account flexibility - set up a single office account or separate accounts for each client
  • Interest flexibility - interest can be paid into client accounts or your business current account
  • Instant access to funds - with no monthly fees or penalties on withdrawal
  • Manage your account online - using Internet banking
  • Interest calculated daily - and paid quarterly
  • Payment flexibility - cheque books, paying-in books, standing orders and Direct Debits available on clients' accounts

Client Deposit Manager interest rates

Balance Gross rate % AER %
0- 999,999.99 0.20 0.20
1m+ 0.30 0.30

Interest calculated daily and applied monthly.

Interest rates correct at 1 October 2018 and are subject to variation.

Common definitions

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 income tax.

Get a quote

  • Call us on
    01624 637000


Lines are open: Mon to Fri 9.00am-5.00pm
(excluding public holidays).
.Calls may be recorded