Conister Bank savings rates — compare every account, plus switch offers and guides

Who they are

Conister Bank was established in 1935 and has roots that run deep - quite literally. The bank's journey mirrors the steadfastness of the Tower of Refuge on Conister Rock, an iconic landmark and symbol of safety in the waters of Douglas Bay, which inspired both its name and its ethos. Conister Bank Limited is part of Manx Financial Group PLC. In October 2023, Conister Bank gained a deposit-taking licence, enabling it to expand its offerings under the Conister Bank brand in the UK.

Savings accounts

Fixed Term Deposit accounts are currently accessible only to sole retail customers. On reaching maturity, you can withdraw your funds or transfer them to a new Conister account - but if you don't let the bank know by the maturity date, your account will move to an Instant Access Account which attracts a nominal interest rate. Accounts are managed online, and your nominated account needs to be a UK bank or building society account that can make and receive electronic payments, including Faster Payments, BACS and CHAPS.

We don't currently have any Conister Bank savings products listed in our database. That may mean their range is limited at this time, or rates are temporarily unavailable for comparison. Check the live rates panel on this page for the latest picture.

Protection to know about

Eligible deposits with Conister Bank Limited are protected up to a total of £120,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. That limit is higher than the standard £85,000 you see at most UK banks, which is worth noting. Any deposits you hold above the limit are unlikely to be covered. You can verify Conister's FSCS status using their FRN: 619002.

Is it right for you?

Conister Bank is a niche, independent bank with a long heritage - not a household name, but a properly regulated institution with meaningful FSCS cover for UK savers. It currently focuses on fixed-term deposits for individual savers rather than offering a broad current account or ISA range. If you value a straightforward online fixed-rate account and want cover well above the standard FSCS threshold, it could be worth a look when rates are available.

As always, the specific rates on offer change regularly. Use the live figures shown on this page to compare what Conister Bank is offering right now against the rest of the market.