Important information about accounts held with Santander in the Isle of Man

The UK Financial Services (Banking Reform) Act 2013 requires the largest UK banking groups, including Santander UK, to comply with new requirements to ring-fence their retail banking from their other banking activities by 1 January 2019. Under the UK ring-fencing legislation, a ring-fenced bank is restricted from having branches or subsidiaries outside the European Economic Area (EEA) and, as the Isle of Man is outside the EEA, we will be transferring our Isle of Man business to another part of the Santander Group.

Earlier this year the Isle of Man branch started to offer new accounts under the trading name of Santander International.

We have now written to customers to advise that we will be moving existing Santander accounts held with the Isle of Man branch from the Santander UK system to the Santander International system as a necessary and important step in the ring-fencing process. In the coming months we will also be in touch with customers about the transfer of our Isle of Man business to another part of the Santander Group.


Information for savings accounts with a sort code 09-16-01 or 09-07-10 and Fixed Rate Bonds opened with Santander in the Isle of Man.

For customers with Santander International accounts, account maintenance forms and interest rates are available at www.santanderinternational.co.uk.

Forms for servicing your Isle of Man Santander account

Terms and Conditions


Interest rates

Interest on accounts held with the Isle of Man branch of Santander UK plc is paid gross, without the deduction of tax. The situs of accounts held with our Isle of Man branch is the Isle of Man.

You are responsible for disclosing the interest earned on your account to the relevant tax authorities of the countries where you may be liable to pay tax.

The interest rates published on this website should be used as a guide only. Whilst every effort is made to ensure that the latest rates are shown on this website, you are advised to telephone +44 (0) 1624 641888 if you wish to check the rate payable on any given day.

Accounts no longer available to be opened

Account name Tier Gross/AER (variable)
If paid annually If paid monthly
Currency Account (USD) IOM $1 - $1.5 million 0.10% -
Currency Account (EURO) IOM €1 - €1.5 million 0.10% -
Everyday Saver IOM 1 £1 - £5 million 0.05% 0.05%
Flexible Saver (Issue 2) IOM £1 - £3 million 0.25% 0.25%
Flexible Saver for Kids IOM £1 - £2 million 0.25% -
Instant Saver IOM 1 £1 - £5 million 0.05% -
International Saver IOM £1 - £15 million 0.40% 0.40%
Rate for Life IOM £1,000 - £10 million
Below £1,000
0.75%
0.05%
0.75%
0.05%
Young Saver IOM £1 - £25,000 1.25% -

   Interest rates as at 1 December 2017.

1 Everyday Saver and Instant Saver remain open for maturing savings accounts only.