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Derbyshire IoM holds its bond rates for a second month

The Derbyshire (Isle of Man) is maintaining its Manx bonds rates consistent for a second month, amidst continuing uncertainty over UK base rates.

Savers can benefit from a guaranteed rate of up to 5.15 per cent gross until May 30, and fast-moving savers are able to take advantage of the rate on the one-year Manx bond, offering 5.05 per cent.

The offer requires a minimum investment of 5,000, and gives the option of annual interest payment, suitable for boosting retirement income.

The Derbyshire (Isle of Man) director of offshore banking Fiona Passey says: By holding our rates at the same level for a second month, we are demonstrating our commitment to offering our clients the best rates possible in an uncertain marketplace. “

“The market is still divided as to whether there will be one more UK base rate rise or whether indeed, we are at the top of the current rate rise cycle.


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