We offer fixed deposit account facilities in all major currencies, with a minimum deposit level of only £25,000. We offer fixed deposits for any period from overnight through to one year. During the life of the deposit, the interest rate will not change and no funds can be added to or withdrawn from the account. However, if access to funds is required at short notice, we may be able to break the deposit subject to a penalty charge, or make a short term loan which would be repaid from the maturing fixed deposit transaction.

On maturity, and in the absence of further instructions, we would usually roll over the fixed deposit for a similar period at the then prevailing interest rates. Funds can be added to, or taken from, the fixed deposit on the maturity date.

Interest accrues daily and is paid upon maturity, either to the same account or to a separate designated account.

Interest is paid gross of any Isle of Man taxes. However, if you are a resident of the European Union, you may be subject to the EU Savings Directive. Click here for more information

Please note that you may have a tax liability in your country of residence in respect of any interest income received from Cayman National, and it is your responsibility to obtain the relevant tax advice, and to make any appropriate payments, returns and disclosures to the relevant tax authority in your jurisdiction of tax residency.