Higher Manx Interest Rates From Derbyshire

by Carla Johnson, Investors Offshore, London

07 March 2007

IOM-based Derbyshire Offshore is offering new, higher interest rates on its fixed rate Manx Bonds during the month of March.

Over the short term, the new 1 year Manx Bond annual interest option is now paying up to 5.80% gross/AER, with its flexible monthly interest option paying a monthly gross interest of 5.65%, giving an annual equivalent rate of 5.80%.

For medium term savers, the 3 year fixed rate Manx Bond is paying a competitive 5.70% gross/AER, with the 4 year Manx Bond paying 5.60% gross/AER and the longer term 5 year Manx Bond paying 5.55% gross/AER.

These competitive Manx Bond rates (Issue 51) are only available until 31 March 2007 and are limited issue products. Applications may be refused if they are fully subscribed.

Following a change in the local banking regulations in July 2006, Derbyshire Offshore’s range of competitive savings accounts are now available to Isle of Man residents. Potential Isle of Man clients should note that there are no counter staff to deal with enquiries on a walk-in basis. All instructions and enquiries will be handled by phone, fax or email.

Derbyshire Offshore is the trading name of The Derbyshire (Isle of Man) Limited, which remains wholly owned by Derbyshire Building Society.

Recommended