Features & benefits
Instant access variable rate savings account
A choice of two currencies – Sterling and US dollars
No notice or charges for withdrawals
Interest is paid quarterly and on balances up to £75,000 or $75,000
No minimum balance for island residents
Only one account per individual
Mobile, Online and Telephone Banking to manage your money
Key information
- Only one account per individual can be opened and it can be in your sole name or in joint names
- You can make immediate withdrawals up to the available balance via Mobile, Online and Telephone Banking, visiting our branch or in writing
- Cheque books or debit cards are not available
- Standing orders and direct debits are not available
- Any minimum balance to earn interest on the Account will be disclosed on our Rate leaflets made available on our website
- Interest rates are tiered and interest is paid on Sterling or US dollar balances up to 75,000
- Please refer to the General Terms and Conditions for the Island Instant Saver Account
Interest rates
Island Instant Saver Account - Sterling
Interest is paid quarterly and is tiered, with different interest rates applied to different portions of the account balance
Interest rates are effective from 28 February 2025
| Minimum/Maximum balance to earn interest rate | Gross rate p.a. (variable) Interest paid quarterly | Annual Equivalent Rate (AER) (variable) |
| £0 - £74,999 | 2.00% | 2.02% |
| £75,000 + | 0.00% | 0.00% |
Island Instant Saver Account - US dollar
Interest is paid quarterly and is tiered, with different interest rates applied to different portions of the account balance
Interest rates are effective from 28 February 2025
| Minimum/Maximum balance to earn interest rate | Gross rate p.a. (variable) Interest paid quarterly | Annual Equivalent Rate (AER) (variable) |
| $0 - $74,999 | 2.00% | 2.02% |
| $75,000 + | 0.00% | 0.00% |
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
In branch
Online
Post
Phone
In branch
Jersey
Santander Work Café
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
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)
