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Savings for Isle of Man residents

When interest rates are low, it's more important than ever to choose the right home for your savings. Whether you're putting money aside over a short period for a specific purpose, making provision for the future or aiming for long-term growth without risking your original capital, take a look at our range of savings and deposits. They are all suitable for Isle of Man residents and you can choose from easy access savings and fixed term options, according to your financial priorities.

If you are new to Barclays Wealth apply online now

You can use our Savings Comparison Tool to compare the features and benefits of our savings accounts.

Short-term savings - Monthly Saver

If you're saving for something specific, our Monthly Saver Account lets you earn a high fixed savings interest rate over 12 months, providing you don't make any withdrawals.

  • 5% AER (4.89% gross)¹ variable savings interest rate, if you don't make any withdrawals
  • For 30 days after any withdrawal the savings interest rate on your remaining balance falls to 0.5% AER

Short-term savings - Barclays Wealth Saver

A simple and straightforward savings account which offers great rates and savings in a range of currencies, with access to your money at any time:

  • Deposit funds whenever you wish and make unlimited withdrawals at any time
  • Available in £, $ and €
  • Tiered rates of interest
  • Minimum opening balance is only £1
  • Interest paid quarterly.

Short-term savings - Barclays Wealth Bonus Saver

An uncomplicated savings account that has the benefit of an introductory bonus paid into your account during the first six months of the account opening.

  • Pays an introductory bonus of 0.5% AER/Gross1 for the first six months after the account is opened
  • Additional deposits and withdrawals can be made at any time
  • Available in £, $ and €
  • Tiered rates of interest
  • Minimum opening balance is only £1
  • Interest paid quarterly.

Medium to long-term savings - treasury deposits

This may be an attractive option if you want a fixed rate of savings interest and don't mind tying up your money for a fixed period of at least a month. You can choose from a wide range of currencies and, once the deposit is opened, your savings interest rate remains fixed for the term of the deposit.

  • Minimum deposit of £10,000 for terms of six months or more
  • Shorter terms available for deposits of £50,000 or more
  • Attractive savings rates, linked to balance and term
  • Available in sterling, euros, US dollars and other major currencies
  • By taking advantage of attractive fixed savings rates, you can be certain of your returns at the end of the term. You may want to arrange that the term of your account ends at a specific date, for example to coincide with a house completion or major foreign exchange transaction
  • However, you should bear in mind that you will not have access to your funds during the term.

Longer-term savings - structured deposits

If you're looking for a higher return on your investment than from the savings rates you could expect from a regular savings account and are happy to deposit your money over the medium- to longer-term (typically 3 to 5 years)2, this could be an attractive option. You can be sure that your capital will be repaid as long as you don't make any withdrawals during the term, if you do you could get back less than you deposited.

Index or commodity-linked structured deposits

Your returns are based on the performance of an index or commodity, giving you the potential for significant capital growth. If the investment does not perform well you may receive no capital growth.

  • Linked to an index or commodity, such as the FTSE 100 Index3 or gold
  • Minimum return equal to your invested capital at the end of the term
  • Minimum deposit of £10,000
  • Typical term of 3 to 5 years2.

Fixed income structured deposits

You receive a fixed income once a year.

  • Earn a fixed annual return
  • Capital repaid in full at the end of the term
  • Minimum deposit of £25,000
  • Typical term of 3 to 5 years2.

Please note

Our structured deposits are always extremely popular and usually reach maximum subscription very quickly.

How to apply

If you want to apply for our products and services please select one of the options below:

Call us on +44 (0)1624 684 316†.

Or visit a Barclays Wealth branch in Douglas or Castletown

1 AER stands for Annual Equivalent Rate, which illustrates what the interest would be if the interest was paid and compounded once a year. Gross rate is the rate of interest payable before the deduction of tax. Interest is payable gross to non-taxpayers subject to the required certification. Account holders should check their own tax situation, as there may be a potential tax liability.

2 Restrictions on fund withdrawals apply within this period. Should you make any permitted early withdrawal, you may get back less than you originally deposited. Please contact us for full details.

3 "FTSE®" is a trade mark jointly owned by the London Stock Exchange Plc and The Financial Times Limited and are used by FTSE International Limited under licence.

The FTSE® 100 Index is calculated by FTSE International Limited. FTSE International Limited does not sponsor, endorse or promote these products and is not in any way connected to them and does not accept any liability in relation to their issue, operation and trading.

The products and services described on this page are provided by the following companies, which are part of Barclays Wealth: Barclays Bank PLC in London and Barclays Private Clients International Limited in the Isle of Man, Jersey and Guernsey. For further Information on these companies and Barclays Wealth please read the Important Information.