Santander International Logo
Register Log on
Log on

Island Fixed Deposit Contract

Island Fixed Deposit Contracts allow you to fix your money at an agreed interest rate for a set period of time. Available in Sterling, Euro and US dollars, with a range of fixed time periods to choose from

Ways to apply

Features & benefits

Fixed rate savings account so you know exactly how much interest you will earn

Available in Sterling, Euro and US dollar currencies

A choice of fixed time periods to choose from: 3 month, 6 month, 12 month, 18 month and 24 month

Interest is paid on maturity for 3 month and 6 month contracts; monthly or on maturity for 12 month contracts and monthly, annually or on maturity for 18 month and 24 month contracts

Withdrawals are not permitted until the contract maturity date

Key information

  • Your initial deposit will be paid into an Island Gold Account which we will automatically open for you
  • Once a contract has been fixed, no additional deposits are allowed
  • Once a contract has been fixed, no withdrawals are permitted until the contract maturity date
  • As interest rates are subject to change, we will fix your money at the interest rate applicable on the day your deposit is received
  • At the end of the contract your capital and interest will be paid into your Island Gold Account, unless we receive alternative maturity instructions from you
  • Cheque books or debit cards are not available
  • Standing orders or direct debits are not permitted
  • Please refer to the General Terms and Conditions for Fixed Deposit Contracts

Interest rates

Island 3 Month Fixed Deposit Contract - Sterling

Interest is paid on maturity. The minimum balance requirement is £25,000.

Interest rates are effective from 12 August 2024

Minimum balance to earn interest rate Gross rate Annual Equivalent Rate (AER)
£25,000 - £74,999 0.25% 0.25%
£75,000 - £999,999 3.90%* 3.90%*
£1,000,000 + 3.90%* 3.90%*

Island 3 Month Fixed Deposit Contract - US dollar

Interest is paid on maturity. The minimum balance requirement is $25,000.

Interest rates are effective from 03 October 2024

Minimum balance to earn interest rate Gross rate Annual Equivalent Rate (AER)
$25,000 - $74,999 0.25% 0.25%
$75,000 - $999,999 3.80%* 3.80%*
$1,000,000 + 3.80%* 3.80%*

Island 6 Month Fixed Deposit Contract - Sterling

Interest is paid on maturity. The minimum balance requirement is £25,000.

Interest rates are effective from 03 October 2024

Minimum balance to earn interest rate Gross rate Annual Equivalent Rate (AER)
£25,000 - £74,999 0.25% 0.25%
£75,000 - £999,999 3.85%* 3.85%*
£1,000,000 + 3.85%* 3.85%*

Island 6 Month Fixed Deposit Contract - US dollar

Interest is paid on maturity. The minimum balance requirement is $25,000.

Interest rates are effective from 03 October 2024

Minimum balance to earn interest rate Gross rate Annual Equivalent Rate (AER)
$25,000 - $74,999 0.25% 0.25%
$75,000 - $999,999 3.50%* 3.50%*
$1,000,000 + 3.50%* 3.50%*

Island 12 Month Fixed Deposit Contract - Sterling

Interest is paid monthly or on maturity. Interest cannot be added to the original amount deposited and must be paid into the associated Call Account held with us.  The minimum balance requirement is £25,000.

Interest rates are effective from 03 October 2024

Minimum balance to earn interest rate Gross rate Annual Equivalent Rate (AER)
£25,000 - £74,999 3.80% 3.80%
£75,000 - £999,999 3.80%* 3.80%*
£1,000,000 - £2,999,999 3.80%* 3.80%*
£3,000,000 + 3.80%* 3.80%*

Island 12 Month Fixed Deposit Contract - Euro

Interest is paid monthly or on maturity. Interest cannot be added to the original amount deposited and must be paid into the associated Call Account held with us.  The minimum balance requirement is €25,000.

Interest rates are effective from 03 October 2024

Minimum balance to earn interest rate Gross rate Annual Equivalent Rate (AER)
€25,000 - €74,999 1.90% 1.90%
€75,000 - €999,999 1.90%* 1.90%*
€1,000,000+ 1.90%* 1.90%*

Island 12 Month Fixed Deposit Contract - US dollar

Interest is paid monthly or on maturity. Interest cannot be added to the original amount deposited and must be paid into the associated Call Account held with us. The minimum balance requirement is $25,000.

Interest rates are effective from 03 October 2024

Minimum balance to earn interest rate Gross rate Annual Equivalent Rate (AER)
$25,000 - $74,999 3.00% 3.00%
$75,000 - $999,999 3.00%* 3.00%*
$1,000,000 + 3.00%* 3.00%*

Island 18 Month Fixed Deposit Contract - Sterling

Interest is paid monthly, annually or on maturity.  Interest cannot be added to the original amount deposited and must be paid into the associated Call Account held with us. The minimum balance requirement is £25,000.

Interest rates are effective from 03 October 2024

Interest paid monthly or annually
Minimum balance to earn interest rate Gross rate Annual Equivalent Rate (AER)
£25,000 - £74,999 3.50% 3.50%*
£75,000 - £999,999 3.50%* 3.50%*
£1,000,000 - £2,999,999 3.50%* 3.50%*
£3,000,000 + 3.50%* 3.50%*
Interest paid on maturity
Minimum balance to earn interest rate Gross rate Annual Equivalent Rate (AER)
£25,000 - £74,999 3.50% 3.50%
£75,000 - £999,999 3.50%* 3.50%*
£1,000,000 - £2,999,999 3.50%* 3.50%*
£3,000,000 + 3.50%* 3.50%*

Island 18 Month Fixed Deposit Contract - Euro

Interest is paid monthly, annually or on maturity.  Interest cannot be added to the original amount deposited and must be paid into the associated Call Account held with us. The minimum balance requirement is €25,000.

Interest rates are effective from 03 October 2024

Interest paid monthly or annually
Minimum balance to earn interest rate Gross rate Annual Equivalent Rate (AER)
€25,000 - €74,999 1.65% 1.65%
€75,000 - €999,999 1.65%* 1.65%*
€1,000,000+ 1.65%* 1.65%*
Interest paid on maturity
Minimum balance to earn interest rate Gross rate Annual Equivalent Rate (AER)
€25,000 - €74,999 1.65% 1.65%
€75,000 - €999,999 1.65%* 1.65%*
€1,000,000+ 1.65%* 1.65%*

Island 18 Month Fixed Deposit Contract - US dollar

Interest is paid monthly, annually or on maturity.  Interest cannot be added to the original amount deposited and must be paid into the associated Call Account held with us. The minimum balance requirement is $25,000.

Interest rates are effective from 03 October 2024

Interest paid monthly or annually
Minimum balance to earn interest rate Gross rate Annual Equivalent Rate (AER)
$25,000 - $74,999 2.80% 2.80%
$75,000 - $999,999 2.80%* 2.80%*
$1,000,000+ 2.80%* 2.80%*
Interest paid on maturity
Minimum balance to earn interest rate Gross rate Annual Equivalent Rate (AER)
$25,000 - $74,999 2.80% 2.80%
$75,000 - $999,999 2.80%* 2.80%*
$1,000,000+ 2.80%* 2.80%*

Island 24 Month Fixed Deposit Contract - Sterling

Interest is paid monthly, annually or on maturity.  Interest cannot be added to the original amount deposited and must be paid into the associated Call Account held with us. The minimum balance requirement is £25,000.

Interest rates are effective from 03 October 2024

Interest paid monthly or annually
Minimum balance to earn interest rate Gross rate Annual Equivalent Rate (AER)
£25,000 - £74,999 3.30% 3.30%
£75,000 - £999,999 3.45%* 3.45%*
£1,000,000 + 3.45%* 3.45%*
Interest paid on maturity
Minimum balance to earn interest rate Gross rate Annual Equivalent Rate (AER)
£25,000 - £74,999 3.30% 3.30%
£75,000 - £999,999 3.45%* 3.45%*
£1,000,000 + 3.45%* 3.45%*

Island 24 Month Fixed Deposit Contract - Euro

Interest is paid monthly, annually or on maturity.  Interest cannot be added to the original amount deposited and must be paid into the associated Call Account held with us. The minimum balance requirement is €25,000.

Interest rates are effective from 03 October 2024

Interest paid monthly or annually
Minimum balance to earn interest rate Gross rate Annual Equivalent Rate (AER)
€25,000 - €74,999 1.55% 1.55%
€75,000 - €999,999 1.55%* 1.55%*
€1,000,000+ 1.55%* 1.55%*
Interest paid on maturity
Minimum balance to earn interest rate Gross rate Annual Equivalent Rate (AER)
€25,000 - €74,999 1.55% 1.55%
€75,000 - €999,999 1.55%* 1.55%*
€1,000,000+ 1.55%* 1.55%*

Island 24 Month Fixed Deposit Contract - US dollar

Interest is paid monthly, annually or on maturity.  Interest cannot be added to the original amount deposited and must be paid into the associated Call Account held with us. The minimum balance requirement is $25,000.

Interest rates are effective from 03 October 2024

Interest paid monthly or annually
Minimum balance to earn interest rate Gross rate Annual Equivalent Rate (AER)
$25,000 - $74,999 2.70% 2.70%
$75,000 - $999,999 2.70%* 2.70%*
$1,000,000 + 2.70%* 2.70%*
Interest paid on maturity
Minimum balance to earn interest rate Gross rate Annual Equivalent Rate (AER)
$25,000 - $74,999 2.70% 2.70%
$75,000 - $999,999 2.70%* 2.70%*
$1,000,000 + 2.70%* 2.70%*

Interest rates

AER stands for Annual Equivalent Rate and shows what the interest rate would be if we paid interest and added it to your account each year. The gross rate is the rate payable where interest is paid without the deduction of tax. If a negative interest rate applies to your account, this will be calculated on the same basis as credit interest.

*If you have a balance in excess of £500,000 (or currency equivalent) or a mortgage in excess of £750,000 with us we offer a personalised service – please contact us so we can understand your banking needs

Ways to apply

BAN005 Bank Branch In branch BAN005 Enquire Online (1) Online BAN005 Post (1) Post BAN036 Mobile Phone

In branch

Jersey Isle of Man

Jersey
Santander International
13-15 Charing Cross
St Helier,
Jersey
JE2 3RP

Channel Islands

View on Google Maps

Isle of Man
Santander Work Café

Market Hall,
North Quay
Douglas, 

Isle of Man,
IM1 2BQ

View on Google Maps

Post

Download and print our PDF application form and return to us

Download an application form

Phone

Call us on 08000 84 28 88, if calling from a UK landline or mobile, or +44 (0) 1624 641 888, if calling from overseas

Lines are open 9am – 5pm UK time, Monday  to Friday (except Wednesday when we open at 9.30am)