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.
The Direct Reserve Account is designed for individuals with:
Direct Reserve Account – indicative rates
All rates correct as at 11 May 2023.
| GBP Direct Reserve account rates | |||
|---|---|---|---|
| From | To | Rate (AER*) | Gross rate** |
| £25,000 | £499,999 | 3.29% | 3.25% |
| £500,000 | Plus | 3.96% | 3.90% |
| USD Direct Reserve account rates | |||
| From | To | Rate (AER*) | Gross rate** |
| $50,000 | $499,999 | 3.19% | 3.15% |
| $500,000 | Plus | 4.06% | 4.00% |
| 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% |
The Executive Direct Reserve Account is designed for individuals with:
The Executive Direct Reserve account is available to Channel Island residents only.
Executive Direct Reserve Account – indicative rates
All rates correct as at 11 May 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 | 3.55% | 3.50% |
| £250,000+ | 4.27% | 4.20% |
* 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.