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Island Regular Savings Tracker Account

The Island Regular Savings Tracker Account allows you to save a regular monthly amount for a period of 12 months

Ways to apply

Features & benefits

Variable rate regular savings Sterling account

Save a minimum of £25, up to a maximum of £500, per month for 12 months

Fund the account with a standing order from an Island Gold Account

Interest will be calculated daily and paid at the end of the term, tracking the Bank of England Base Rate.

At the end of the 12 months we’ll transfer your balance into your Island Gold Account

Withdrawals are allowed as long as you maintain the minimum account balance of £1

Key information

  • You will need to open an Island Gold Account and set up a standing order into the Island Regular Savings Tracker Account 
  • A minimum of £25 and a maximum of £500 can be paid into the Island Regular Savings Tracker Account each month for a period of 12 months 
  • At the end of the 12 months your capital and interest will be paid into your Island Gold Account 
  • Cheque books or debit cards are not available 
  • Standing orders or Direct Debits are not permitted 
  • Please refer to the Island Regular Savings Tracker Account - Issue 2 Key Facts Document

Interest rates

Island Regular Savings Tracker Account - Issue 2

Effective 07 February 2025

The interest rate is a variable interest rate which tracks the Bank of England Base Rate.  The interest rate will update the next working day after a change to Base Rate.

Tracking Rate Current interest rate (Gross/AER)
Bank of England Base Rate 4.50%

If you save £250 per month for the whole 12 months, you will get back the original amount you put in plus £73.42 in interest, assuming there was no change to the current interest rate during the 12 months and no withdrawals are made. This illustration is only an example and does not take into account your individual circumstances.

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.

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 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

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)