Island Notice Account

The Island Notice Account is a variable rate savings account which requires written notice for any withdrawals. Available in Sterling and US dollar currencies with a range of notice periods to choose from

Ways to apply

Features & benefits

Variable rate savings account which requires written notice for any withdrawals

Available in Sterling and US dollar currencies

A choice of notice periods to choose from: 31 Days and 95 Days

Interest is paid quarterly

Online Banking and Telephone Banking to manage your money

Key information

  • You may only make withdrawals, including closure, providing the required notice period is given
  • Notice may be given via Online Banking or Telephone Banking, visiting our branch or in writing
  • Your money will continue to earn interest up to the date of withdrawal
  • Cheque books or debit cards are not available
  • Standing orders and direct debits are not permitted
  • Please refer to the General Terms and Conditions for Notice Accounts

Interest rates

Island 31 Day Notice Account - Sterling

31 days' notice is required for withdrawal. The minimum balance requirement is £25,000.

Interest rates are effective from 01 February 2021

Minimum balance to earn interest rate Gross rate p.a. (variable) interest paid quarterly Annual Equivalent Rate (AER) (variable)
£25,000 - £74,999 0.10% 0.10%
£75,000 - £999,999 0.25% 0.35%
£1,000,000 - £2,999,999 0.27%* 0.27%*
£3,000,000+ 0.30%* 0.30%*

Island 31 Day Notice Account - US dollar

31 days' notice is required for withdrawal. The minimum balance requirement is $25,000.

Interest rates are effective from 01 February 2021

Minimum balance to earn interest rate Gross rate p.a. (variable) interest paid quarterly Annual Equivalent Rate (AER) (variable)
$25,000 - $74,999 0.05% 0.05%
$75,000 - $999,999 0.10% 0.10%
$1,000,000+ 0.10%* 0.10%*

Island 95 Day Notice Account - Sterling

95 days' notice is required for withdrawal. The minimum balance requirement is £25,000.

Interest rates are effective from 01 February 2021

Minimum balance to earn interest rate Gross rate p.a. (variable) interest paid quarterly Annual Equivalent Rate (AER) (variable)
£25,000 - £74,999 0.15% 0.15%
£75,000 - £999,999 0.30% 0.30%
£1,000,000+ 0.35%* 0.35%*

Island 95 Day Notice Account - US dollar

95 days' notice is required for withdrawal. The minimum balance requirement is $25,000.

Interest rates are effective from 01 February 2021

Minimum balance to earn interest rate Gross rate p.a. (variable) interest paid quarterly Annual Equivalent Rate (AER) (variable)
$25,000 - $74,999 0.10% 0.10%
$75,000 - $999,999 0.15% 0.15%
$1,000,000+ 0.15%* 0.15%*

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 £1 million (or currency equivalent) with us we offer a personalised service – please contact us so we can understand your banking needs

Ways to apply

BAN005 Enquire Online (1)

Online

Complete our short online enquiry form

BAN036 Mobile

Phone

Call us on 08000 84 28 88
, if calling from a UK landline or mobile, or +44 (0) 1534 885 000
, if calling from overseas

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

BAN005 Post (1)

Post

Download and print our PDF application form and return to us

Download an application form

BAN078 Personal Manager

In branch

Visit us at:

Isle of Man
19-21 Prospect Hill
Douglas, Isle of Man, IM1 1ET