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Great rates for local savers...

Fixed Rate: Fixed Term Deposit Accounts

Factsheet

Interest Rates Effective from 10th July 2020

Term
5 years
Annual Gross % p.a
0.75%
Monthly Gross % p.a
0.55%
Interest Payment Options
Annually and monthly
 
Minimum balance
£5,000
3 years 0.65% 0.45% Annually and monthly £5,000
2 years 0.55% 0.35% Annually and monthly £5,000
18 Months 0.55% 0.35% On Maturity and monthly £5,000
1 year 0.55% 0.35% On Maturity and monthly £5,000
6 months 0.40% 0.20% On Maturity and monthly £5,000

Interest can be paid monthly, annually or on maturity.

Apply

Fixed Term Deposit Account Calculator

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

Your savings will be worth £5070.00

* 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 and leap years.

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Variable Rate: Notice Deposit Account

Factsheet

Interest Rates Effective from 1st August 2020

Term
180 Day
Annual Gross % p.a
0.55%
Annual AER % p.a
0.55%
Compounding Event
6 Monthly
 
Minimum balance
£10,000
120 Day 0.50% 0.50% 6 Monthly £10,000
95 Day 0.40% 0.40% 6 Monthly £10,000

Interest is compounded semi-annually on 30th June and 31st December to the Notice Deposit Account.


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Notice Deposit Account Calculator

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

Your savings will be worth £10065.00

* 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 and leap years.

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?

Complete and sign the PDF application form and email to: savings@conisterbank.co.im or send via post, or alternatively visit our office in Victoria Street in Douglas.

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

Interest is calculated on a daily basis and will be credited to the Notice Deposit Account on 30th June and 31st December automatically. This new balance will then start to accrue daily interest.

We do not permit early withdrawal on our savings accounts, however, under exceptional circumstances we may allow. A 4% fee on the amount withdrawn and an administration charge of £25 will be applied.

£500,000. Larger amounts may be accepted at our discretion.

The new rates will be updated on the Conister Bank website and we will communicate in writing to the first named account holder affected.

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.

Funds can be initially transferred into your new account by cheque or bank transfer.
Once your Notice Deposit Account is open you can only add a minimum of £10,000 additional deposits via Bank transfer.

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

Your funds will be sent to your nominated bank account.

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

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

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

The Conister Bank website www.conisterbank.co.im or by calling the office on 694694.

No. The interest rate on a Notice Deposit Account is variable. We may at any time vary the rate(s) on your Account without notice.

No. Interest is added to your Notice Deposit Account automatically.

Interest is accrued daily and added to the Notice Deposit Account semi-annually, 30th June and 31st December. If either of these dates fall on a non-working day, interest will be paid on the next working day.

£10,000.

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 Deposit Account matures.

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.

Yes complete, sign and email your application to savings@conisterbank.co.im or post to Clarendon House, Victoria Street, Douglas, IM1 2LN

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).

Apply

  • Step 1

    Complete the Deposit Account Application form , sign and send to us via email,  post or visit our office in Victoria Street

  • Step 2

    Your application will be reviewed and after receiving all of the required Customer Due Diligence (CDD) your new account will be opened

  • Step 3

    Once your account is open 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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