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Great rates for local savers...

Fixed Rate Fixed Term and Variable Rate Notice Savings Accounts.

Fixed Term Account Interest Rates Effective from 25th November 2019

Term
5 years
Annual Gross % p.a
2.00%
Monthly Gross % p.a
1.80%
Interest Payment Options
Annually and monthly
Minimum balance
£5,000
Up to 2.00% Gross
Apply
3 years 1.75% 1.55% Annually and monthly £5,000 Apply
2 years 1.40% 1.20% Annually and monthly £5,000 Apply
18 Months 1.25% 1.05% On Maturity and monthly £5,000 Apply
1 year 1.15% 0.95% On Maturity and monthly £5,000 Apply
6 months 0.75% 0.55% 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

Why choose to save with Conister Bank?

Our customers come first. We pride ourselves on being accessible. Driven by an understanding of our customer needs, we build long term relationships and deliver excellent service.

Who can open an account?

All our accounts are available to Isle of Man residents and Expats holding a British passport aged 18 or over, with the exception of USA citizens.

How do I open an account?

Applications forms can be submitted in person or via the post as we require the original signed copy together with certified identification prior to opening an account.

How much can I invest?

The minimum is £5,000 and the maximum is £1m. For larger deposits, in excess of £1m, we can design a bespoke product.

How safe is my money?

We are covered by the Isle of Man's Depositors’ Compensation Scheme (DCS), the current limits are up to £50,000 per person. This is not per account.  Find out more at DCS

We offer bespoke savings products

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

Frequently asked questions

In order for us to meet our legal and regulatory responsibilities, internal policies and standards relating to Customer Due Diligence (CDD), we require you to provide us with the information to enable us to establish your identity.

We do not permit early withdrawal on deposit accounts, however, under exceptional circumstances we may allow. Please see our Terms and Conditions for more information about our notice account products.

In order for us to meet our legal and regulatory responsibilities and internal policies, we will require you to complete an application form and supply identification to enable us to comply with Customer Due Diligence (CDD).

We will require two forms of certified identification to verify proof of identity and verification of permanent address.

No, we will require an original signed application form.

All interest is paid gross and it is the responsibility of the account holder to disclose their savings interest earned to their appropriate tax authority

No, our accounts are fixed terms which does not permit additional funds. If you wish to add an additional investment a new account can be opened, or, upon maturity the additional amount can be added when reinvesting.

Funds can be transferred into your new account by cheque or bank transfer. You can attach a cheque when submitting your application form, however, if you prefer to pay by bank transfer, we will provide you with an account number once your account is set up.

This will depend on the amount invested and the length of the fixed term account. Use our saving calculator to work out your savings.

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.

Gross interest is the annual rate of interest to be paid on a deposit account before taxes or other charges are deducted.

No. The product specifications are different between the two products. If you want to switch to a notice deposit account, you must wait until your fixed term deposit matures.

£10,000.

£500,000. Larger amounts may be accepted at the bank’s discretion.

Interest is accrued daily and is paid semi-annually, 30th June and 31st Dec. If either of these dates falls on a non-working day, interest will be paid on the next working day.

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

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

If we have not acted upon your notice instruction, we may be able to comply with your request to cancel it.

Your funds will be sent to your nominated bank account.

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

Apply

  • Step 1

    Download and fill in our PDF form and send it to us via the post or visit our office in Victoria Street

  • Step 2

    Your application will be reviewed and after receiving all KYC requirements your new account will be opened

  • Step 3

    Funds can be transferred into your new account by cheque or bank transfer

Need help?

Need help in arranging a savings plan?

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.

I just prefer smaller banks. They are so much more accessible

Charles Turner – R. C. Turner Ltd (Intersport)

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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