• Tracker Term Deposit

  • Deposits with an agreed interest rate for set period of time.

  • Features & Benefits

    • 12 months Fixed Term deposit linked to the Bank of England Base rate
    • Available in Sterling only
    • Minimum opening balance £100,000
    • Maximum balance £5,000,000
    • The Tracker Term Deposit offers an alternative term deposit solution for customers wanting to place funds over a fixed period of 12 months
    • Any change, i.e. by increase or decrease of the Bank of England Base rate, will change the interest rate payable during the life of the 12 month Fixed term deposit
    • The Relationship Manager will agree the initial interest rate and the "margin" over the Bank of England Base rate with the customer at the start of the 12 month fixed term period
    • Interest paid at maturity.
  • Eligibility

    New and existing Islands Commercial customers with a minimum opening balance of £100,000.

  • Interest Rates

    Please refer to your Relationship Manager or call us on the numbers below for further information on our latest rates.

    Jersey 01534 845012
    Guernsey 01481 708023
    Isle of Man 01624 638281
     

    Telephone calls may be monitored and recorded.

  • What is the minimum opening balance?

    The minimum opening balance for the Tracker Term Deposit in Sterling is £100,000.

    How much can I deposit in a Tracker Term Deposit?

    The maximum balance you can deposit into a Tracker Term Deposit is £5,000,000.

    What currency can I open a Tracker Term Deposit in?

    The Tracker Term Deposit is in Sterling only and is linked to the Bank of England Base Rate.

    How much access do I have to my money?

    Tracker Term Deposits do not allow any withdrawals or closure during the term. They are specifically designed for customers who have a lump sum of cash to deposit which they know they won’t need access to for the defined term.

    When is interest paid on the Tracker Term Deposit?

    Interest will be paid at maturity of the 12 month period.

    Who can I speak to if I need extra information?

    Please speak to your Relationship Manager or call us on:

    • Jersey 01534 845012
    • Guernsey 01481 708023
    • Isle of Man 01624 638281

    Telephone calls may be monitored and recorded.

  • How to apply:

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    • 01534 845012  Jersey
    • 01481 706308  Guernsey
    • 01624 657848  Isle of Man