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Island Investment Account

A 60 day notice account which offers an interest rate bonus for the first 12 months.

Features and benefits

  • Higher rate of interest and an introductory bonus for the first 12 months.
  • Start saving from £50,000.
  • Access to your funds with 60 days notice.
  • The maximum balance is £1,000,000.
  • Interest is paid every six months.

Eligibility

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

Island Investment Account interest rates

 Current interest rate

Account balance

GrossGross rate - the contractual rate of interest payable before deduction of income tax at the rate specified by law. interest rate (variable), paid half yearly, with bonus

GrossGross rate - the contractual rate of interest payable before deduction of income tax at the rate specified by law. interest rate (variable), paid half yearly,  without bonus

AERAER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advert for a savings product will contain an AER - Annual Equivalent Rate - you can compare more easily what return you can expect from your savings over time. with bonus

AERAER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advert for a savings product will contain an AER - Annual Equivalent Rate - you can compare more easily what return you can expect from your savings over time. without bonus

BonusInterest will be paid on credit balances at the bonus rate and the standard variable rate for the first 12 months from opening the account. The bonus rate may vary depending on the credit balance of your account.

Account balance

£1+

GrossGross rate - the contractual rate of interest payable before deduction of income tax at the rate specified by law. interest rate (variable), paid half yearly, with bonus

0.05

GrossGross rate - the contractual rate of interest payable before deduction of income tax at the rate specified by law. interest rate (variable), paid half yearly,  without bonus

0.05

AERAER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advert for a savings product will contain an AER - Annual Equivalent Rate - you can compare more easily what return you can expect from your savings over time. with bonus

0.05

AERAER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advert for a savings product will contain an AER - Annual Equivalent Rate - you can compare more easily what return you can expect from your savings over time. without bonus

0.05

BonusInterest will be paid on credit balances at the bonus rate and the standard variable rate for the first 12 months from opening the account. The bonus rate may vary depending on the credit balance of your account.

0.00

Account balance

£50,000+

GrossGross rate - the contractual rate of interest payable before deduction of income tax at the rate specified by law. interest rate (variable), paid half yearly, with bonus

0.65

GrossGross rate - the contractual rate of interest payable before deduction of income tax at the rate specified by law. interest rate (variable), paid half yearly,  without bonus

0.20

AERAER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advert for a savings product will contain an AER - Annual Equivalent Rate - you can compare more easily what return you can expect from your savings over time. with bonus

0.65

AERAER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advert for a savings product will contain an AER - Annual Equivalent Rate - you can compare more easily what return you can expect from your savings over time. without bonus

0.20

BonusInterest will be paid on credit balances at the bonus rate and the standard variable rate for the first 12 months from opening the account. The bonus rate may vary depending on the credit balance of your account.

0.45

For previous interest rate please contact your local branch.

Deposits must comprise new funds not currently held on deposit or investment with the Lloyds Banking Group.

  • Sending fundsWhen making an International Payment there are two charging methods:Split Charges: Recipient and Correspondent banks abroad may charge a fee for receiving payments which will be paid by the recipient if you choose to share charges. Pay all Charges: A Correspondent Bank Fee will be payable for international payments where you choose to pay the charges for the recipient, if you are permitted to do so based upon the destination of the payment and the type of account that you hold. The Correspondent Bank Fee replaces all Correspondent bank charges. The recipient bank may still charge its customer a fee but we cannot provide information about such a fee. The amount of the Correspondent Bank Fee depends on the location of the recipient bank

    International moneymover service:When making an International Payment there are two charging methods:Split Charges: Recipient and Correspondent banks abroad may charge a fee for receiving payments which will be paid by the recipient if you choose to share charges. Pay all Charges: A Correspondent Bank Fee will be payable for international payments where you choose to pay the charges for the recipient, if you are permitted to do so based upon the destination of the payment and the type of account that you hold. The Correspondent Bank Fee replaces all Correspondent bank charges. The recipient bank may still charge its customer a fee but we cannot provide information about such a fee. The amount of the Correspondent Bank Fee depends on the location of the recipient bank

    Service

    Charges

    Service

    Through Currency Internet Banking

    Charges

    Free

    Service

    Through International PhoneBank, in branch, or in writing

    Charges

    Free

    Service

    Through Standing Order

    Charges

    Free

    Service

    To your other accounts held with Lloyds Banking Group

    Charges

    Free

    Correspondent bank fee:When making an International Payment there are two charging methods:Split Charges: Recipient and Correspondent banks abroad may charge a fee for receiving payments which will be paid by the recipient if you choose to share charges. Pay all Charges: A Correspondent Bank Fee will be payable for international payments where you choose to pay the charges for the recipient, if you are permitted to do so based upon the destination of the payment and the type of account that you hold. The Correspondent Bank Fee replaces all Correspondent bank charges. The recipient bank may still charge its customer a fee but we cannot provide information about such a fee. The amount of the Correspondent Bank Fee depends on the location of the recipient bank

    Service

    Charges

    Service

    Zone 1 (USA, Canada and Europe)

    Charges

    £12

    Service

    Zone 2 (Rest of the world)

    Charges

    £20

    For the purposes of the Correspondent Bank Fee, Europe is defined as all EEA countries plus Jersey, Guernsey, Isle of Man, Monaco, San Marino and Switzerland.

    Electronic Funds Transfer (CHAPS payments within the British Isles):

    Service

    Charges

    Service

    CHAPS payment

    Charges

    £30

    Recalling a payment:

    Service

    Charges

    Service

    Recalling a payment

    Charges

    £20 per payment.

    We cannot guarantee the cancellation as funds may already have been paid to the beneficiary. You could receive less than the original amount of the payment, due to adverse exchange rate movements.

    Receiving funds

    Electronic bank transfer from another financial institution:

    Amount

    Charges

    Amount

    Any amount

    Charges

    Free

    Cheque collections:

    Amount

    Charges

    Amount

    Cheques up to £100

    Charges

    £5

    Amount

    Cheques of £100 and above

    Charges

    25p per £100 (minimum £15, maximum £80 per cheque)

    Cheque negotiation to Sterling account:The correspondent bank may also levy a charge based on the value of the cheque.

    Amount

    Charges

    Amount

    Cheques up to £100

    Charges

    £5

    Amount

    Cheques of £100 and above

    Charges

    25p per £100 (minimum £15, maximum £80 per cheque)

    Amount

    Cheques in a foreign currency drawn in a different country (not UK)

    For example : US Dollars drawn in France

    Charges

    As above, but minimum £10 per cheque.

    Cheque negotiation to currency account:The correspondent bank may also levy a charge based on the value of the cheque.

    Amount

    Charges

    Amount

    Cheques in the same currency as the account

    Charges

    £2 per cheque

    Amount

    Cheques requiring currency conversion

    Charges

    £4 per cheque

    Other standard services

    Service

    Charges

    Service

    Supplying copies of previous bank statements

    Charges

    £5 per request.

    An administration charge may be made for excessive requests.

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.

Savings and investments

See how else we can help you save and invest.

Branch finder

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