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Great rates for local savers...

Fixed term, fixed rate deposit accounts for 1 year, 2 years, 3 years and 5 years.

Fixed Term Account Interest Rates Effective from 31st July 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
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3 years 2.40% 2.20% Annually and monthly £5,000 Apply
2 years 2.15% 1.95% Annually and monthly £5,000 Apply
1 year 1.90% 1.70% On Maturity and monthly £5,000 Apply
6 months 1.25% 1.05% On Maturity and monthly £5,000 Apply

Monthly interest cannot be compounded and must be paid away to a nominated account.

Savings 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.

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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 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 products based upon individual circumstances.

Frequently asked questions

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

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

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 citizen.

We do not permit early withdrawal, however, under exceptional circumstances we may allow an early withdrawal.

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

You can decide to have your interest paid annually or monthly. Annual interest will be paid on the anniversary of the account opening and can be compounded or paid away to a nominated account. Monthly interest cannot be compounded and must be paid away to a nominated account.

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

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 your appropriate tax authority

Interest is calculated daily and paid annually or monthly.

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 whilst submitting your application form or if you prefer to use the method of 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.

Yes, you will receive an annual statement on the anniversary of your account opening date.

A certificate of interest will be issued annually to Isle of Man residents only.

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.

A politically exposed person (PEP) is an individual who has been entrusted with a prominent position.

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 Customer Due Diligence (CDD)  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 reponded to by real 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. The above interest rates are open to new and existing Conister deposit customers. Interest rates are available on a limited offer basis and are subject to change or withdrawal at any time. Terms and conditions apply. 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. Minimum balance £5,000. Maximum balance per deposit is £1 million. Interest rates are fixed for the term indicated and are quoted gross % per annum.

Deposits made with Conister Bank Limited are covered by the Isle of Man Depositors’ Compensation Scheme as set out 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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