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All our account rates are shown below:


Duncan Lawrie (IOM) Limited Base rate

The base rate is 0.25% with effect from 5 August 2016.
    

Previous rates:

The base rate is 0.50% with effect from 5 March 2009.
        

For Isle of Man banking clients

We will pay your interest into your account on the 20th day of the last month of the quarter (i.e. 20 March, 20 June, 20 September and 20 December). If this day falls on a weekend or public holiday, we will pay the interest on the next business day. All interest is paid gross without the deduction of tax. Account holders should check their own tax situation as there may be a potential tax liability. Interest is calculated on a daily basis on your entire cleared balance, at the relevant rate shown in the tables below.

Please note the European Savings Directive (EUSD) was implemented on 1 July 2005. If you live in a country affected by the EUSD, certain information about you and the interest you receive may be reported to your tax authority. If you require further information about the EUSD and how it might affect you, please contact your tax adviser.

 


Isle of Man Current Account (GBP)

Current rates (effective 14 January 2013)

Account balance

Gross interest rate*

Annual equivalent rate (AER)**

£0 and over

0.00%

0.00%

 

Previous rates

Account balance

Gross interest rate*

Annual equivalent rate (AER)**

£0 - £10,000

0.00%

0.00%

£10,001 and over

0.035%

0.035%

*Gross Interest Rate is the annual rate of interest to be paid on your deposit before basic rate income tax is deducted.
**AER is a notional rate to illustrate what the interest rate would be, if interest was paid and compounded each time it was paid

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Isle of Man Current Account (EUR and USD)

We do not currently pay credit interest on our euro or US dollar international current accounts. If you wish to open an international current account, please contact us today.

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Isle of Man Fixed Reserve Account 

Current rates (effective 18 August 2016)

Fixed Reserve Account

Gross interest rate*

Annual Equivalent Rate (AER)**

3 months

0.30%

0.30%

6 months

0.40%

0.40%

12 months

1.05%

1.05%

    
Previous rates 

Fixed Reserve Account

Gross interest rate*

Annual Equivalent Rate (AER)**

24 months

1.20%

1.20%

 


Isle of Man Call Deposit Account (GBP)

Current rates (effective 29 April 2009)

Account balance

Gross interest rate*

Annual Equivalent Rate (AER)**

£0 - £10,000

0.00%

0.00%

£10,001 - £25,000

0.00%

0.00%

£25,001 - £50,000

0.0625%

0.0625%

£50,001 and over

0.1250%

0.1250%

 

Previous rates                                   

Account balance

Gross interest rate*

Annual equivalent rate (AER)**

£0 - £10,000

0.00%

0.00%

£10,001 - £25,000

0.0625%

0.0625%

£25,001 - £50,000

0.1250%

0.1250%

£50,001 and over

0.2500%

0.2500%

*Gross Interest Rate is the annual rate of interest to be paid on your deposit before basic rate income tax is deducted.
**AER is a notional rate to illustrate what the interest rate would be, if interest was paid and compounded each time it was paid

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Isle of Man Call Deposit Account (EUR and USD)

We do not currently pay credit interest on our euro or US dollar international call deposit accounts. If you wish to open an international current account, please contact us today.

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Isle of Man Young Person's Account

For clients who are under 21 years old and in full-time education.

Current rates (effective 29 April 2009)

Account balance

Gross interest rate*

Annual equivalent rate (AER)**

£1 and over

0.125%

0.125%

 

Previous rates

Account balance

Gross interest rate*

Annual equivalent rate (AER)**

£1 and over

0.25%

0.25%

* Actual interest rate may vary from time to time, depending on the bank's base rate.
** The annual equivalent rate (AER) illustrates what the interest rate would be if it was paid and compounded each year.

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