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Savings

Help to grow your nest egg

Instant access savings accounts

To apply you must be 16+ and resident in the Isle of Man.

Instant Saver

A simple savings account that lets you move money easily
  • No minimum deposit is required to open an Instant Saver account
  • Immediate access to your money whenever you need it
  • No minimum deposit needs to be made on a regular basis

     

Savings Builder

Get rewarded for saving regularly
  • Get rewarded when your savings grow by £50 or more each month
  • No minimum deposit required to open a Savings Builder account
  • Only available to customers that hold a current account with us

Premium Saver

Get rewarded if you leave your savings untouched
  • Earn a monthly bonus if you leave your money untouched
  • Bonus available on balances between £25,000 - £1m
  • Only available to customers that hold a current account with us

     

Fixed term accounts

Fixed Term Savings account

Know in advance what your savings will earn
  • You can choose to fix the interest rate for 6, 9 or 12 months
  • Minimum deposit of £5,000
  • Available in a variety of major currencies
  • All deposits are automatically linked to a Cash Management Account
  • Early withdrawals or early closure (before maturity) of a Fixed Term Deposit are not permitted, except at the Bank’s sole discretion.

To apply you must be 16+ and resident in the Isle of Man.

Children's savings account

First Saver account

Helping to get children into the savings habit
  • Open a First Saver account with just £1
  • Access funds when you need them
  • Receive a Pigby piggybank when you open an account, subject to availability
  • Children aged 7 and over can even have the account in their own name

First Saver accounts are available to children aged 16 years and under (or up to 18 years if the account is held in trust) who are resident in the Isle of Man.

Manage funds in any major currency

Cash Management account

Most major currencies available including US Dollars and Euros
  • Hold sterling and other currencies all under one account number
  • Make Sterling and international payments via your branch, Relationship Manager or ibanking Plus
  • Receive sterling and international payments into account
  • Make Foreign Exchange transactions
  • Manage your Fixed Term Deposit accounts

To apply you must be 16+ and resident in the Isle of Man.

Setting up a savings goal

When it comes to saving we think it helps to have a plan.

Our savings goal tool can help you understand how much you need to save each month to progress towards your goal.

Available to customers using Online or Mobile banking.

Depositor Compensation Scheme

Isle of Man Bank is a member of the Isle of Man Depositors’ Compensation Scheme (DCS) as set out in the Depositors’ Compensation Scheme Regulations 2010. 

To understand your eligibility under the scheme you may wish to visit the Isle of Man Financial Services Authority website.

Something else we can help you with?