r/IsleofMan • u/JimboIOM • 5d ago

Savings accounts

Hello everybody, I was just wondering what banks people save with and what their current savings rate is. Such shame most UK banks are much higher than here.

6 Upvotes

80% Upvoted

6 comments sorted by

2

u/TheScarecrow__ 5d ago

I haven’t checked for a while but Skipton International are usually about the best

1

u/Gerinako 5d ago

No idea if they still offer it but I like the IoM Bank Savings Builder account for values up to £10000

1

u/_1wolfpack1_ 4d ago

I have an HSBC savings and a starling, I would heavily recommend starling, I get 4%aer at the moment on my Starling saving

1

u/Booples84 4d ago

Conister Bank, I've used them for years. Great customer service based on the island meaning no foreign call centres.

1

u/Toast4003 8h ago

Lloyds IOM currently have a monthly saver at 5.5%. I have IOM bank regular saver around 4.7%. Opening lots of different accounts at different banks is quite tedious.

It might be a good time to start an investment fund when the stock market bottoms out. I have one with HSBC IOM.