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We'd like to make you aware that our planned changes to Isle of Man Bank came into effect on 28 May 2019

Our proposal to move the Isle of Man Bank business from Isle of Man Bank Limited to the Isle of Man branch of The Royal Bank of Scotland International Limited was approved by the Isle of Man High Court of Justice on 21 May 2019. The changes came into effect from 28 May 2019.

More about the change

Savings Builder

Save regularly and get rewarded

Earn up to 1.50% AER when you save regularly

Our Savings Builder account could help you grow your savings; and it now takes just minutes to open your new savings account online, or in branch.

Savings Builder lets you earn up to a rate of 1.50% AER/Gross p.a. (variable) when you save 50 a month.You can also make withdrawals whenever you like, however, remember that if you don't grow your savings by 50 in a month then you won't earn any interest.

Balance grows by less than 50 a month;
regular saving condition is not met
Balance grows by at least 50 a month;
regular saving condition is met
Balance AER/Gross p.a. (variable) AER/Gross p.a. (variable)
1 - 5,000 0.00% 1.50%
5,001 - 10,000 0.00% 1.50%
Over 10,000 0.00% 0.45%

Interest is paid on the above tiers on a stepped basis which means you’ll earn a different rate on each portion of your balance within the above tiers. If, for example, you hold 11,000 in your account, and you have satisfied the interest condition, your interest rates for that monthly period will be: 1.50% on the first 5,000, 1.50% on the next 5,001-10,000 and 0.45% on anything over 10,000.

Interest is calculated daily and paid on the first business day of the month. You’ll be able to see and access the interest in your account on the following day.


You must be 16 years or over and already have a current account with us, or apply for a current account with us at the same time. If your balance grows by less than 50 in any month, you will not earn interest.

Ready to apply?

The application usually takes less than 10 minutes.

If you're an existing Online Banking customer we'll pre-populate the application form, saving you time and you should receive your new sort code and account number straight away.


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.

This is the Interest rate paid before the deduction of tax

Per annum (per year)