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Notification of changes to Isle of Man Bank Limited
We intend to move the Isle of Man Bank business from its current legal entity, Isle of Man Bank Limited, to the Isle of Man branch of The Royal Bank of Scotland International Limited ("RBS International Limited"). Customer accounts will stay in the Isle of Man and there are no changes to account numbers or sort codes. There will be no changes to any of the products or services we offer.

What does this mean for you?

Fixed term savings

Benefit from a fixed interest rate

INTEREST RATES ARE AN INDICATION ONLY, PLEASE CALL US OR VISIT YOUR LOCAL BRANCH FOR THE LATEST INTEREST RATES. PLEASE NOTE THAT THESE ARE LIMITED OFFERS AND MAY BE WITHDRAWN DUE TO AVAILABILITY.

What interest rate can I expect?

Our interest rates are an indication only, this means that the rate quoted below is not guaranteed when you apply. Please call us or visit your local branch for the latest rates.

6 Month 9 Month 12 Month
Sterling balance AER Gross p.a (fixed) AER Gross p.a (fixed) AER Gross p.a (fixed)
5,000 - 99,999 1.00% 1.00% 1.05% 1.05% 1.10% 1.10%
100,000 - 249,999 1.05% 1.05% 1.10% 1.10% 1.15% 1.15%
250,000 - 499,999 1.10% 1.10% 1.15% 1.15% 1.20% 1.20%
500,000 - 749,999 1.15% 1.15% 1.25% 1.25% 1.30% 1.30%
750,000 - 4,999,999 1.20% 1.20% 1.30% 1.30% 1.40% 1.40%

The need-to-knows

The above interest rates are an indication only, please call us or visit your local branch for the latest rates.

Interest rates may vary depending on deposit term.

Interest is calculated daily and paid at maturity.

We also offer Fixed Term Deposits in a variety of major currencies. Please call us or visit your local branch for details. Please note that interest rates for our Currency Fixed Term Deposits change daily, so will be provided on an indicative basis.

Definitions

  • Gross is the interest rate paid before the deduction of tax
  • Start Date is the date on which your money is fixed
  • Maturity Date is the date on which your Deposit matures
  • 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.
  • p.a per annum (per year)

Fixed term examples

6 month fixed term

Amount fixed at start date Balance at maturity date Interest earned
5,000 5,025 25
100,000 100,525 525
250,000 251,375 1,375
500,000 502,875 2,875
750,000 754,500 4,500

12 month fixed term

Amount fixed at start date Balance at maturity date Interest earned
5,000 5,055 55
100,000 101,150 1,150
250,000 253,000 3,000
500,000 506,500 6,500
750,000 760,500 10,500

These are only examples and do not take into account your individual circumstances. The examples assume that interest is paid into your Cash Management account.