Direct Reserve Account

Your 32-day notice account in the Channel Islands

Earn tiered interest on your savings and access your funds with 32 days’ notice. Our offshore Direct Reserve Account is available in a range of currencies while Executive Direct Reserve is available in sterling and to Channel Islands residents only.

Earn interest on your savings

The higher your balance, the greater interest you earn on your Direct Reserve Account, thanks to tiered interest. With no fixed term, your offshore savings will stay invested until you choose to withdraw them.

Flexible access to your money

When you want to be able to access your offshore savings relatively quickly, our Direct Reserve Account lets you withdraw funds by providing only 32 days’ notice.

Who can apply?

Direct Reserve Account

You’re eligible to apply for this account if you earn an annual income of £300,000 or more or have a net asset value of £3m.

Executive Direct Reserve Account

If you’re a Channel Islands resident with an income of £100,000 or more per year or a net asset value of £1m plus, you can apply for Executive Direct Reserve Account. The minimum balance is £50,000.

Find out more and apply

Direct Reserve Account – indicative rates

All rates correct as at  2 February 2023.

 
GBP Direct Reserve account rates
From To Rate (AER*) Gross rate**
£25,000 £499,999 2.78% 2.75%
£500,000 Plus 3.44% 3.40%
USD Direct Reserve account rates
From To Rate (AER*) Gross rate**
$50,000 $499,999 2.68% 2.65%
$500,000 Plus 3.55% 3.50%
AUD Direct Reserve account rates
From To Rate (AER*) Gross rate**
AS$100,000 AS$799,999 0.05% 0.05%
AS$800,000 Plus 0.15% 0.15%
ZAR Direct Reserve account rates
From To Rate (AER*) Gross rate**
R500,000 R8,499,999 0.25% 0.25%
R8,500,000 Plus 1.51% 1.50%

Executive Direct Reserve Account – indicative rates

All rates correct as at 2 February 2023. This account is available for Channel Islands residents only.

 
Executive Direct Reserve account(CI residents only) indicative rates
Balance Rate(AER)* Gross**
£50,000 - £249,999 3.03% 3.00%
£250,000+ 3.75% 3.70%

* AER stands for the Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once a year. "Gross" is the contractual interest rate paid before the deduction of any tax.

** Interest is paid gross, without the deduction of tax.

Further information

Executive Direct Reserve Account Terms & Conditions PDF 52.65 KB
Direct Reserve Account Terms & Conditions PDF 52.87 KB

Find out more and apply