Island Fixed Rate Deposit Account

Deposit your money for a fixed term and you’ll get a fixed rate of return paid monthly or annually.

Features and benefits

  • Available in Sterling.
  • Minimum deposit £2,000.
  • Maximum deposit £5 million.
  • Interest paid monthly or annually.
  • You can't withdraw your money before the end of the term.


You must be a personal customer aged 18 years and over. You must be ordinarily resident in the Channel Islands or Isle of Man.

Current fixed interest rates

Deposit term

Annual interest rate % (Gross/AER)

Minimum deposit

Maximum deposit


Deposit term

1 year

Annual interest rate % (Gross/AER)


Minimum deposit


Maximum deposit



At the end of your deposit term

  • You must, at all times for which the Island Fixed Rate Deposit Account is open, maintain a Nominated Account. The Nominated Account is a Lloyds Bank Corporate Markets plc Current Account or Savings Account (as defined in the Customer Relationship Agreement) held in your own name (or, where you are a joint holder, in the name of both or any one of you), details of which will be included in the application form.

    The interest rates advertised here are not fixed until receipt of your deposit and any supporting documentation required to open your Fixed Rate Deposit.

    You can’t withdraw your money before the end of the fixed term. We will take your circumstances into account and may make an exception in a special case but there will be a charge and you may potentially lose some of your capital deposited.

    No additional deposits are allowed.

    On the last day of the Term (or next working day if the last day of the Term falls on a non- working day), we will automatically convert your Island Fixed Rate Deposit Account into an Island Standard Saver Account (the Conversion).

    It is your responsibility to contact us to give us your maturity instructions before the end of the Term. However, at least 60 days before the end of the Term, we will write to you asking for instructions about what you would like us to do with your balance after the Conversion. When we write we may also send you information about other accounts we think may be appropriate, for example, if we are offering similar accounts at the time that you may want to transfer the balance to.

    *GROSS Rate – The contractual rate of interest payable before deduction of income tax at the rate specified by law.

    **AER Rate – AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advertisement for a savings product which quotes an interest rate will contain an AER you will be able to compare more easily what return you can expect from your savings over time.

  • There are no fees for opening and holding a Fixed Rate Deposit Account.

This product is designed for customers living in the Channel Islands or the Isle of Man.

Information on our savings accounts for customers in the United Kingdom.

Frequently asked questions

How to apply

Use our contact form or call us to make an appointment.


See how else we can help you save.

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