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Island Trust Account

An instant access deposit account suitable for trust companies. This could enable you to make the most of your surplus funds. Designed for businesses in Jersey, Guernsey and the Isle of Man.

Features and benefits

  • Open an account with as little as £1. 
  • Interest is paid on your savings each month.
  • Move funds between accounts.
  • Access your money at any time.
  • Available in Sterling.
  • Maximum balance of £5 million.
  • Set up direct debits and standing orders.
  • Overdrafts are not allowed on this account. This applies to authorised and unauthorised overdrafts.
 

Eligibility

To apply for an Island Trust Account, you need to:

  • Be registered in Jersey, Guernsey or the Isle of Man 
  • Use the account for business only 
  • Be a trust company

Interest rates

Current interest rates: Interest rates are applicable as at 30 October 2020.

Interest on credit balances (paid monthly)

Gross interest rateGross rate: The contractual rate of interest payable before deduction of income tax at the rate specified by law in Jersey, Guernsey or the Isle of Man where your account is held. (% per annum)

AERAER: Stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once a year. (% per annum)

Interest on credit balances (paid monthly)

£1-£5,000,000

Gross interest rateGross rate: The contractual rate of interest payable before deduction of income tax at the rate specified by law in Jersey, Guernsey or the Isle of Man where your account is held. (% per annum)

0.01%

AERAER: Stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once a year. (% per annum)

0.01%

Frequently asked questions

These services are designed for businesses operating in the Channel Islands or the Isle of Man.

Information on services for customers in the United Kingdom through Lloyds Bank plc. 

Business loans

Our loans can help you manage cash flow or grow your business. A loan could also help you invest in new equipment or premises.

Products and services

Browse our wider range of business products and services.

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Find your local team in Jersey, Guernsey or the Isle of Man and arrange a visit.