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Business savings accounts

Grow your business savings

Our business savings accounts are available to eligible customers aged 18 or over who are resident in the Isle of Man.

On this page
Instant access accounts
Notice and term deposits
Eligibility criteria
How to contact us

Which savings account is right for your business?

What do you want your savings to do? Do you need the cash right away, or can you leave it longer to get a better rate?

Think about when you’ll need the money and how certain you want your returns to be. That should help point you to the right option.

Need assistance? Give us a call to discuss your options.

Instant access accounts

Business Reserve account

A simple savings account with instant access
  • Access your savings instantly whenever you need them
  • Available in GBP only
  • Save from £1 up to £2,000,000
  • Interest is calculated daily and paid monthly

To open a Business Reserve account, you must have a business current account with us.
Discover Business Reserve

Business Cash Management account

A multi-currency account to manage funds
  • Earn interest on GBP, EUR and USD balances
  • Make international payments
  • Manage Fixed Term Deposits in multiple currencies

Available to eligible customers aged 18 or over who are resident in the Channel Islands, Isle of Man or Gibraltar.
Explore Cash Management

Notice and term deposits

Notice Deposit

Earn more interest when you give notice before withdrawing
  • Choose from 35, 60 and 90 day notice periods
  • Available in GBP, EUR and USD
  • Minimum deposit 25,000 per currency
  • No withdrawals are permitted without the required notice.

To open a Notice Deposit account, you must have a Business Cash Management account with us.
More about Notice Deposits

Fixed Term Deposits

Get a guaranteed return when you choose a fixed term
  • Terms from 1 to 12 months
  • Available in GBP, EUR and USD
  • Minimum deposit £25,000 (or the currency equivalent)
  • You can’t add to or withdraw from the account until the term ends

To open a Fixed Term Deposit, you must have a Business Cash Management account with us.
Fixed Term Deposits

Who is eligible to apply?

Our business savings accounts are only available to existing Isle of Man Bank customers who want to open an extra account for a business that already banks with us.

If you’re a new customer, or your business doesn’t already bank with us, business accounts will be offered by NatWest International.

You can apply for an Isle of Man Bank business savings account if you’re:

  • opening an additional account for a business entity that already banks with us
  • the owner or director of the business you’re applying on behalf of

and your business has:

  • a registered address and/or is registered for tax purposes in the Isle of Man
  • a single layer of ownership with no nominee shareholding structures with all owners, directors or shareholders resident in the Channel Islands, Isle of Man or Gibraltar
  • cash takings that don’t exceed 20% of your annual turnover

Important information

Do you want to discuss your requirements?

If you’re an existing business customer with a Relationship Manager, please speak to them to discuss your requirements.

If you’re new to Isle of Man Bank or don’t have a Relationship Manager, call your local Business Support Team to discuss.

Call us on 01624 637699

From abroad: +44 1624 637699

Relay UK: 18001 01624 637699

If you'd prefer, email us your name and phone number and we'll get back to you by the next working day.

Email: businessbankingdeposits@rbsint.com

Lines are open Monday to Tuesday 9:30am - 4:30pm, Wednesday 10:00am - 4:30pm and Thursday to Friday 9:30am - 4:30pm (except public holidays). Calls may be recorded.