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Corporate Savings Accounts

Fixed rate fixed term and variable rate notice business savings accounts. Whatever your business saving needs, we offer sterling accounts designed with you in mind.

Fixed Rate: Fixed Term Deposit Account

Fixed Term Account Interest Rates Effective from 25th October 2019

Term
5 years
Annual Gross % p.a
2.65%
Monthly Gross % p.a
2.45%
Interest Payment Options
Annually and monthly
Minimum balance
£5,000
Up to 2.65% Gross
Apply
3 years 2.40% 2.20% Annually and monthly £5,000 Apply
2 years 2.15% 1.95% Annually and monthly £5,000 Apply
18 Months 2.05% 1.85% On Maturity and monthly £5,000 Apply
1 year 1.40% 1.20% On Maturity and monthly £5,000 Apply
6 months 1.00% 0.80% On Maturity and monthly £5,000 Apply

Interest can be paid monthly, annually or on maturity.

Calculate my savings

Fixed Term Deposit Account Calculator

I want to put £ aside for and I'd like my interest paid .

Your savings will be worth £5095.00

* These figures are indicative as we calculate interest on a daily basis therefore the date the account is setup would potentially impact the final figures eg working days etc.

Apply

Variable Rate: Notice Deposit Account

Term
120 Day
Annual Gross % p.a
1.40%
Annual AER % p.a
1.40%
Interest Payment Options
6 Monthly
 
Apply
180 Day 1.60% 1.60% 6 Monthly Apply

Interest is paid semi annually on 30th June and 31st December.

Calculate my savings

Notice Deposit Account Calculator

I want to put £ aside in a day notice deposit account.

Your savings will be worth £10140.00

* These figures are indicative as we calculate interest on a daily basis therefore the date the account is setup would potentially impact the final figures eg working days etc.

Apply

Fixed and Variable Rate Business Savings Accounts to suit your business

We offer competitive rates

Our rates are reviewed on a monthly basis to ensure they remain at the most competitive level.

We are well established

Conister Bank has been providing savings products on Island since 1935.  We pride ourselves on being accessible to our clients and offering a first class personal service.

Savings Accounts to suit

We offer several deposit options that suit your saving requirements including Fixed Term & Notice Deposit Accounts.

We are covered by the DCS

We are covered by the Isle of Man Depositors' Compensation Scheme (DCS).  Maximum cover is £20,000 per entity per covered bank.  Entities, include companies, trusts (including SIPPS), nominees, charities and partnerships.  Further information please see: DCS.

We offer bespoke savings products

For large deposits, in excess of £1m, we can design bespoke savings products based upon individual circumstances.

Questions about Corporate Savings Accounts?

What penalty will I incur if I withdraw my funds immediately from my 120 Day or 180 Day Notice account?

4% fee on the amount withdrawn and an administration charge of £25.

Can I place multiple notice requests on my 120 Day or 180 Day Notice account?

No, only one notice request may be given at any time.

Can I add funds to the Notice Deposit Account?

Yes. The minimum additional deposit amount is £10,000 and can only be paid via Bank transfer.

Will I be advised if the variable interest rate changes on my notice account?

The new rates will be published immediately on the Conister Bank website or a letter will be sent to the first named account holder affected.

How do I give notice on the 120 Day & 180 Day notice accounts?

Written notice must be provided and must be signed by all account holders in line with the mandate by post or email.

Get help from our Corporate Savings Accounts team:

Need help with your business finance?

We’re here to help, whether you are new to Conister or a long-time customer, you’ll always be responded to by people who can answer all your queries.

Setting up a new business is hard but Conister backed me right from the start

Miles Pettit - Noa Bakehouse

About Us

Conister Bank Limited is a wholly owned subsidiary of Manx Financial Group Plc, a publicly listed company on the London Stock Exchange Alternative Index Market (AIM).

Prospective depositors should satisfy themselves as to the financial standing of Conister Bank Limited and the Group based on publicly available information. The latest report and accounts are available from the links below.

Conister Bank Limited. Registered in the Isle of Man No. 000738C. Registered Office: Clarendon House, Victoria Street, Douglas, Isle of Man, IM1 2LN. Conister Bank Limited is licensed by the Isle of Man Financial Services Authority for its deposit taking activities and is authorised and regulated in the United Kingdom by the Financial Conduct Authority for its consumer credit activities and mortgage lending administration, firm registration number 619002. Conister Bank Limited is a wholly owned subsidiary of Manx Financial Group Plc, a publicly listed company on the London Stock Exchange Alternative Index Market (AIM). Prospective depositors should satisfy themselves as to the financial standing of Conister Bank Limited and the Group based on publicly available information. The latest report and accounts are available at https://www.conisterbank.co. im/savings/fixed-rate-savings/ . Terms and conditions apply. All deposits are subject to status. No early withdrawals permitted. AER stands for the Annual Equivalent Rate and illustrates what the interest would be if interest was paid and compounded to the account once a year. Annual Gross rate is the same as the Contractual Rate. Fixed Rate Minimum balance per deposit is £5,000. Maximum balance per deposit is £1 million. Notice Account minimum balance per deposit is £10,000. Maximum balance per deposit is £500,000. Fixed Rate interest rates are fixed for the term indicated and are quoted gross % per annum.

Notice Deposit Account interest rates are variable. Details can be found in the Terms and Conditions on our website www.conisterbank.co.im. Deposits made with Conister Bank Limited are covered by the Isle of Man Depositors’ Compensation Scheme as set out in the Compensation of Depositors Regulations 2010.

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Where to find us

Come and talk to our team in branch at:
Conister Bank Limited, Clarendon House, Victoria Street, Douglas, Isle of Man, IM1 2LN

We are open Mon to Thurs 9am - 5:30pm, Fri 9am - 5pm

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