Fixed Term Savings account

Plan ahead with fixed rates over a fixed term

To apply you must be 16+, resident in the Isle of Man and hold a Cash Management account with us. Please read the Summary Box below before you apply, this will give you key information about Fixed Term Savings

Why choose Fixed Term Savings?

  • Know in advance how much your savings will earn, helping you save for the future
  • Choose a fixed term that suits you - either 3, 6, 9 or 12 months
  • Start saving with balances from £5,000

Cash Management account

When you apply for a Fixed Term Savings account you'll need to have a Cash Management account so that we can pay you any interest you have earned, as well as your deposit when it has come to the end of its term. 

To open a Cash Management account we may need to see confirmation of your identity and proof of your residential status.

Summary Box

Account name: Fixed Term Savings

What’s the interest rate?

Rates correct as at 29th November 2023. Actual rates on offer could be higher or lower, please call us or visit your branch for the latest rates.

Can Isle of Man Bank change the interest rate?

No, the interest rate is fixed. This means that the rate will not change between the date you open your account and the Maturity Date.

How much interest could I earn?

Rates correct as at 29th November 2023. Actual rates on offer could be higher or lower, please call us or visit your branch for the latest rates.
The above interest rates are an indication only, please call us or visit your local branch for the latest rates. Interest rates may also vary depending on deposit term. Interest is calculated daily from the date of your deposit and will be paid on the maturity date. The Interest earned and balance at maturity are examples only and do not take into account individual circumstances. The examples assume that interest is paid at maturity.

Common questions

How do I open and manage my account?

  • You must be aged 16 years or over to open an account
  • The minimum deposit is £5,000 or the currency equivalent (where a currency option is available).
  • To find out how to open your account please visit your local branch or give us a call.
  • You can not add money to the Fixed Term Savings after the Start Date.
  • A deposit certificate will be sent to you within 14 working days confirming the details of your deposit.
  • You will need to have a Cash Management account for the payment of interest and to manage your Fixed Term Savings; if you don’t have an account then we will open one for you.
  • On the Maturity Date, your deposit and any interest earned will be paid into your Cash Management account.
  • After the Maturity Date, if you no longer need the Cash Management account linked to your Fixed Term Savings, please advise us in writing to close the account.


AER: Stands for Annual Equivalent Rate. It shows you what the rate would be if the interest was paid and compounded each year.

Gross Rate: This means the interest rate you are paid without deduction of income tax.

p.a.: Per annum (per year).

Important information

The following terms, fees and interest rates apply to our Fixed Term Deposit account.

How your information might be used

It's important for you to understand how we use and share your information. Please read this short summary for more information.

Ready to apply

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Chat to Cora

If you are registered for our mobile app or online banking, you can log in and ask Cora to help you apply for a Fixed Term Deposit.

Just type "Fixed Term Deposit" into Cora.

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By telephone

Give us a call on 01624 637000 and we'll be happy to help you apply for a Fixed Term Deposit.

Lines are open Monday to Tuesday 9am - 5pm, Wednesday 10am - 5pm and Thursday to Friday 9am - 5pm (except public holidays). Calls may be recorded.