Isle of Man branch eSavers launched

We are pleased to announce the launch of our Isle of Man branch eSaver range of accounts. The minimum opening balance is just £1 and the interest rates quoted below are for 12 months, after which the account reverts to an Everyday Saver IOM.

Account Name Tier Gross/AER (variable) interest if paid annually Gross/AER (variable) interest if paid monthly
eSaver (Issue 4) IOM £1 - £5million 0.70% 0.70%
Manx Loyalty eSaver (Issue 4) IOM £1 - £5million 1.00% 1.00%

The Manx Loyalty eSaver is available to Isle of Man residents who have held a savings account with the Isle of Man branch for at least the last three years.

Interest is paid gross, without the deduction of tax. AER stands for Annual Equivalent Rate and shows what the interest rate would be if we paid interest and added it to your account each year.

Note: Specific Terms and Conditions apply for each product and apply in conjunction with our General Terms and Conditions for Savings Accounts as well as our Special Terms and Conditions for accounts held with our Isle of Man branch.