Fixed Term Savings account

Know what your savings will earn

To apply you must be 16+, resident in Isle of Man and hold a Cash Management account with us. Please read the Summary Box below before you apply, this will give you key information about Fixed Term Savings

Why choose Fixed Term Savings?

Earn a fixed interest rate for locking your money away for a set term

Choose a term that suits you – either six or twelve months

Know in advance what your savings will earn, helping you to reach your savings goals

Summary Box

Account name: Fixed Term Savings

What is the interest rate?

6 month term

9 month term

12 month term

The above interest rates are an indication only, please call us or visit your local branch for the latest rates.

Rates for deposits above £1 million are available on request.

Interest rates may vary depending on deposit term. Interest is calculated daily and paid at maturity.

We also offer Fixed Term Savings in a variety of major currencies. Please note that interest rates for our Currency Fixed Term Deposits change daily, so will be provided on an indicative basis.

Can Isle of Man Bank change the interest rate?

No, the interest rate is fixed. This means that the rate will not change between the date you open your account and the Maturity Date.

How much could I earn?

These are only examples and do not take into account your individual circumstances. The examples assume that interest is paid into your Cash Management account.

How do I open and manage my account?

  • You must be aged 16 years or over to open an account
  • The minimum deposit is £5,000 or the currency equivalent (where a currency option is available).
  • To find out how to open your account please visit your local branch or give us a call.
  • You can not add money to the Fixed Term Savings after the Start Date.
  • A deposit certificate will be sent to you within 14 working days confirming the details of your deposit.
  • You will need to have a Cash Management account for the payment of interest and to manage your Fixed Term Savings; if you don’t have an account then we will open one for you.
  • On the Maturity Date, your deposit and any interest earned will be paid into your Cash Management account.
  • After the Maturity Date, if you no longer need the Cash Management account linked to your Fixed Term Savings, please advise us in writing to close the account.

Can I withdraw money?

Early withdrawals or early closure (before maturity) of a Fixed Term Savings are not permitted, except at the Bank’s sole discretion.


AER: Stands for Annual Equivalent Rate. It shows you what the rate would be if the interest was paid and compounded each year.

Gross Rate: This means the interest rate you are paid without deduction of income tax.

p.a.: Per annum (per year).

Important information

The following terms, fees and interest rates apply to our Fixed Term Deposit account.

How your information might be used

It's important for you to understand how we use and share your information. Please read this short summary for more information.

Cash Management account

When you apply for a Fixed Term Savings account you'll need to have a Cash Management account so that we can pay you any interest you have earned, as well as your deposit when it has come to the end of it's term. 

To open a Cash Management account we may need to see confirmation of your identity and proof of your residential status.

How to apply

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In branch

Find your nearest Isle of Man Bank branch and arrange an appointment to apply for a Cash Management Account and Fixed Term Savings with us.

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By telephone

Give us a call on 01624 637190 and we'll be happy to help you apply for a Cash Management account and Fixed Term Savings.

Lines are open Monday to Friday 9am - 5pm.