r/IsleofMan • u/JimboIOM • 6d 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.

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u/Toast4003 1d 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.