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Instant Saver account
Our simple instant access account
To apply you must be 16+ and resident in the Isle of Man. Please read the Summary Box below before you apply, this will give you key information about Instant Saver.
Why choose Instant Saver?
- Instant access to your money when you need it
- No minimum deposit required
- Apply online in less than 10 minutes
- Top up your savings with Rounds Ups
In detail: Instant Saver
What is the interest rate?
Can Isle of Man Bank change the interest rate?
Yes, these rates are variable. They may be changed for any of the reasons set out in Term 10.3 of the Personal Banking Account Terms and Fees, e.g. to take account of Bank of England base rate changes or changes in the rates paid by other banks. If the rates are going down we’ll give you at least 60 days’ notice. If they are going up, we’ll inform you before the change or shortly afterwards. Term 10.4 contains details of the notice we’ll give you.
How much could I earn?
Estimated balance after 12 months based on a range of deposits.
How do I open and manage my account?
- You must be aged 16 years or over to open an account.
- You can open your account in branch or online and manage your account in branch, online, by telephone and on the mobile app.
- No minimum deposit is required to open the account; no minimum deposit needs to be made on a regular basis; and there is no maximum balance limit.
Can I withdraw money?
Yes. No notice is required. You can withdraw money:
- in branch
- by transfer to any other account based in the UK (online, by telephone or on the mobile app)
- There are daily limits on the amount you can transfer from your account online, by telephone or mobile banking.
The current daily limits and how to withdraw more than them can be found on this page or by contacting telephone banking.
Definitions
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).
Ready to apply?
Before you apply, we've outlined the eligibility for the account below, along with our terms and conditions so you can make sure it's the right account for you.
You can apply for an Instant Saver account if you are:
- Aged 16+ and permanently resident in the Isle of Man.
Please review our important information
By clicking continue you’re confirming that you’ve been provided with, and have acknowledged our important documents. By proceeding with your application you also agree that you’ll receive your statements in a paperless format. We'll email you when your statements are ready to view in Online banking.
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 before you continue with your application.