Features & benefits
Regular savings Sterling account with interest rate of 4.00% gross/AER fixed over a 12 month term
Save a minimum of £25, up to a maximum of £1000, 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
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
Available for Channel Island and Isle of Man residents only
Key information
- You will need to open an Island Gold Account and set up a standing order into the Island Regular Saver Account
- A minimum of £25 and a maximum of £1000 can be paid into the Island Regular Saver 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 Saver Account - Key Facts Document
Interest rates
Island Regular Saver Account - Issue 3
Effective 22 December 2025
The interest rate for this account is fixed and will not change during the 12 month term of the account.
| Minimum/Maximum balance to earn interest rate | Gross rate p.a. (variable) Interest paid annually | Annual Equivalent Rate (AER) (variable) |
| £1 - £12,000 | 4.00% | 4.00% |
| £12,001+ | 0.00% | 0.00% |
If you save £500 per month for the whole 12 months, you will get back the original amount you put in plus £130.52 in interest, assuming no withdrawals are made in the 12 month period. 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
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)
Our other products
Frequently asked questions
What is the Island Regular Saver Account?
The Island Island Regular Saver Account is a fixed-term savings account that allows you to save a set amount each month over 12 months at a fixed interest rate. It is available to residents of the Channel Islands and Isle of Man who hold a Gold Account.
What is the interest rate on the Island Regular Saver Account and can it change?
The Island Regular Saver Account offers a fixed interest rate for the full 12 month term. Interest is calculated daily and paid at the end of the term. The rate is fixed and will not change during the 12 month term of the account.
How much can I save each month in the Island Regular Saver Account and can I change the monthly deposit amount?
You can save a minimum of £25 and a maximum of £1,000 per month. This means the maximum balance you can have at the end of the term is £12,000 (plus interest). You can also adjust your monthly deposit amount at any time, as long as it remains within the £25 minimum and £1,000 maximum limits
Can I make withdrawals from the Island Regular Saver Account?
Withdrawals from the Island Regular Saver Account are permitted as long as the account maintains a minimum balance of £1. You can make payments out of your account using Mobile Banking, Online Banking or Telephone Banking.
What happens at the end of the 12 month term of the Island Regular Saver Account?
At the end of the savings term, the capital and interest will be automatically transferred into your Gold Account.
How do I pay money into the account?
You will need to set up a monthly standing order amount from your Gold Account into the Island Regular Saver Account. For new customers, we will need to open a Gold Account before opening the Island Regular Saver Account.
What happens if I transfer in more than the maximum monthly amount?
Interest will only accrue and be paid on balances up to the maximum amount of £12,000 (based on 12 maximum monthly deposits of £1,000). This means that nil interest will accrue or be paid on any balance amount above £12,000 as a result of you depositing more than the maximum monthly amount by standing order from your Gold Account or by transferring additional amounts from any other account.
What charges apply to the Island Regular Saver Account?
The Island Regular Saver Account does not have any associated charges. However, some charges may apply for other services. Please view our Charges leaflet for full details
Charges for Banking and Savings Accounts
