• Island Regular Savings

    Save money regularly and be rewarded for fewer withdrawals.

    • No minimum balance required to start the account.
    • Save up to £2,000 per month as a regular standing order.
    • Instant access to your savings.
  • Features & benefits

    Our Island Regular Savings Account enables you to put aside a fixed amount of money every month, making saving completely effortless. We’ll also reward you with higher rates of interest for not making withdrawals, so all you need to do is sit back and watch your savings grow.

    • There’s no minimum balance to get started, so you can start saving with just £1.
    • Save up to £2000 every month as a regular standing order.
    • Available in Sterling.
    • Instant access to your savings.
    • Interest rate is variable.
    • Interest is paid annually.
    • Tiered rates of interest so the fewer withdrawals you make, the more you’ll potentially earn.
  • 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 Regular Savings interest rates

    Current interest rates

    Interest rates are correct as at 1st December 2017

    Interest on credit balances (paid annually) % Per annum gross rate* % Per annum AER**
    £1+ (0–2 Withdrawals) 0.95 0.95
    £1+ (3–6 Withdrawals) 0.45 0.45
    £1+ (7 + Withdrawals) 0.25 0.25

    For previous interest rate please contact your local branch.

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

    **AER – 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 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.

  • Charges & fees

    Sending funds*

    International moneymover service* Through Currency Internet Banking Free
    Through International PhoneBank, in branch, or in writing Free
    Through Standing Order Free
    To your other accounts held with Lloyds Banking Group Free
    International drafts £15 (plus registration fee if posted)
    Electronic Funds Transfer (CHAPS payments within the British Isles) £30
    Cash withdrawals and deposits into the US Dollar Account and/or Euro Account 2% on the Sterling equivalent of each currency, minimum £3 per currency and £10 administration fee

    These accounts are not designed to be used for receipt of notes or coins. If you need this service, please contact your International Banking Team.
    Recalling a payment £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

    * Recipient and Corresponding Banks abroad may charge a fee for receiving payments.

    Receiving funds

    Electronic bank transfer from another financial institution Any amount Free
    Cheque collections Cheques up to £100 £5
    Cheques of £100 and above 25p per £100 (min £15, max £80 per cheque)
    Cheque negotiation to Sterling account* Cheques up to £100 £5
    Cheques of £100 and above 25p per £100 (min £8, max £80 per cheque)
    Cheques in a foreign currency drawn in a different country (not UK)
    e.g. US Dollars drawn in France
    As above, but minimum £10 per cheque.
    Cheque negotiation to currency account* Cheques in the same currency as the account £2 per cheque
    Cheques requiring currency conversion £4 per cheque

    * The correspondent bank may also levy a charge based on the value of the cheque.

    Other standard services

    Supplying copies of previous bank statements. £5 per request.
    An administration charge may be made for excessive requests.
  • What is the minimum opening balance?

    There is no minimum opening balance for the Island Regular Savings Account.

    How much can I deposit in an Island Regular Savings Account?

    You can save up to £2,000 per month as a regular standing order paid into your account.

    How much access do I have to my money?

    You can make as many withdrawals as you like however the interest rate you receive will reduce depending on how many withdrawals you make.

    When is interest paid on the Island Regular Savings Account?

    Interest is paid annually on the anniversary of the date the Account was opened.

    Who can I speak to if I need extra information?

    For Jersey residents please call 01534 845155, Isle of Man residents 01624 638279, Guernsey residents 01481 706347 or Alderney residents 01481 822340. Lines are open 24 hours a day, 365 days a year. To ensure security for our customers and staff and to help maintain service quality, some calls may be recorded and monitored.

  • How to apply:

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    Visit us in branch

    Visit us in branch to open an account.

    If you are a new customer, make sure you bring ID such as your original passport or driving licence, as well as proof of your address.

    Find a branch

    telephone

    Call us

    • 01534 845155  Jersey
    • 01481 706347  Guernsey
    • 01624 638279  Isle of Man
    • 01481 822340  Alderney

    Lines are open 24 hours a day, 365 days a year.

    To ensure security for our customers and staff and to help maintain service quality, some calls may be recorded and monitored.