Conister Bank Limited (Isle of Man)

35har1old

Any thoughts on savings accounts offered ?

1 Year 5%

2 Year 5.2%

bristolleedsfan

https://www.thisismoney.co.uk/money/saving/article-12011477/Conister-Bank-offers-5-3-fixed-rate-savings-account-catch.html?ico=mol_desktop_moneysaving-newtab&molReferrerUrl=https%3A%2F%2Fwww.dailymail.co.uk%2Fmoney%2Fsaving%2Findex.html&_ga=2.147753525.308435397.1683040688-1530417560.1683040688&_gl=1*1rsvv23*_ga*MTUzMDQxNzU2MC4xNjgzMDQwNjg4*_ga_XE0XLFFF16*MTY4MzA3NTM3Ni40LjEuMTY4MzA3NTQyNS4wLjAuMA..

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wmb194

Connister Bank has come up before. IIRC it's a tiny bank owned by London listed Manx Financial Group and, as far as you can ever tell with a bank, its financials looked okay. It's covered by the IoM compensation scheme rather than the FSCS and it covers £50k per person.

https://www.mfg.im/investor-centre

https://www.iomfsa.im/consumer-material/isle-of-man-depositors-compensation-scheme-dcs/

Though for me all of these considerations are moot because in order to open an account you need to provide a certified copy of your passport.

Albermarle

Though for me all of these considerations are moot because in order to open an account you need to provide a certified copy of your passport.

Plus you can not open it on line.

t1redmonkey

Looks pretty interesting actually. Though getting someone to certify your passport may be more trouble than it's worth.

subjecttocontract

https://forums.moneysavingexpert.com/discussion/6444001/conister-bank-limited-isle-of-man

Raisin are offering a 1 year fix at 5% with £85k fscs protection and no certified passport requirement.