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Intermediaries - Isle of Man

Treasury Direct Reserve Account

Earn tiered interest on multiple currencies and access your money with 32 days’ notice in sterling, euro, US dollar and a range of other major currencies.

Explore our 32-day notice savings account
Why save with Investec?

Our notice savings accounts combine performance and convenience. The money you save performs for as long as you invest it, but you can withdraw it with notice. The 32-Day Notice Account provides one of the fastest access to your money of our notice accounts.

Save in multiple currencies

You can save using our 32-day notice account in sterling, euro or US dollar.

The more you save, the more you earn

This account has tiered interest rates. Higher balances earn more and with no fixed term, your money stays invested until you withdraw it.

Flexible access to money

If your priorities change, you can withdraw some or all of your money with just 32 days’ notice.

How this account works

Your money stays invested with us until 32 days after you tell us you want to withdraw it. To start a withdrawal, email your relationship manager or send a letter. We'll then pay your money into an easy access ‘call account’ for you to use.

We calculate variable interest daily and pay it to your account at the end of each calendar quarter (March, June, September and December).

Our Isle of Man business is a representative office which means that the money deposited and account(s) opened are with the bank in Guernsey.  The relationship manager remains based in the Isle of Man.

Other Savings accounts
Fifty-50 account

This hybrid savings account enables easy access to 50% of savings and the performance of saving the rest in the long term with 32-day notice. There’s no minimum opening balance and no minimum term. 

Horizon account

The 90-day notice account has the highest tiered interest rates of all of our notice accounts. Your money stays invested until 90 days after we’ve received written notice to withdraw.

Liquid 180 account

Enjoy the performance of a 180-day notice account, and the confidence of accessing 10% of the cash if your client's priorities change. An opening deposit of £100,000 or $100,000 is needed for this account.

Fixed term deposit account

Your client will earn a competitive fixed interest rate while protecting their returns from rate fluctuations. Your client selects the term they want, from one week to one year. 

Get in touch

  • Mark Beresford

    Mark Beresford

    Mark Beresford

    Relationship Manager - Isle of Man

    Location: Isle of Man

    Speak to me about: Financial Intermediaries

    I joined Investec in 2015 as Head of Isle of Man Rep Office and a member of the Relationship Management team. I'm responsible for driving the growth of the Isle of Man business and am your point of contact for the provision of general banking and lending information to clients in the Isle of Man Financial Intermediaries sector. I have over 35 years’ experience within the financial services sector both in the UK and the Isle of Man.

  • Saxon Carswell

    Saxon Carswell

    Saxon Carswell

    Relationship Manager - Isle of Man

    I joined our Guernsey office in January 2022 and later relocated back to the Isle of Man in 2023 as a Relationship Manager in the Representative Office. In this role, I provide a comprehensive liaison role for banking services to clients within the Financial Intermediaries sector.

    With a strong foundation in financial services, I began my career in 2014 and have since gained valuable experience in Guernsey, Jersey, and the Isle of Man.

  • Jon Wagstaffe

    Jon Wagstaffe

    Jon Wagstaffe

    Head of Financial Intermediaries - Isle of Man

    Location: Isle of Man

    Speak to me about: Financial Intermediaries

    I joined Investec in 2019 to help establish a new office on the Isle of Man. My primary role is to liaise with local Financial Intermediaries and their clients for banking services and lending information. I have considerable experience in both Corporate and Private Banking and hold qualifications from the Chartered Insurance Institute, the Institute for Securities and Investment, and the London Institute of Banking and Finance.

Get in touch

Mark Beresford
Mark Beresford

Mark Beresford

Relationship Manager - Isle of Man

Location: Isle of Man

Speak to me about: Financial Intermediaries

I joined Investec in 2015 as Head of Isle of Man Rep Office and a member of the Relationship Management team. I'm responsible for driving the growth of the Isle of Man business and am your point of contact for the provision of general banking and lending information to clients in the Isle of Man Financial Intermediaries sector. I have over 35 years’ experience within the financial services sector both in the UK and the Isle of Man.

Saxon Carswell
Saxon Carswell

Saxon Carswell

Relationship Manager - Isle of Man

I joined our Guernsey office in January 2022 and later relocated back to the Isle of Man in 2023 as a Relationship Manager in the Representative Office. In this role, I provide a comprehensive liaison role for banking services to clients within the Financial Intermediaries sector.

With a strong foundation in financial services, I began my career in 2014 and have since gained valuable experience in Guernsey, Jersey, and the Isle of Man.

Jon Wagstaffe
Jon Wagstaffe

Jon Wagstaffe

Head of Financial Intermediaries - Isle of Man

Location: Isle of Man

Speak to me about: Financial Intermediaries

I joined Investec in 2019 to help establish a new office on the Isle of Man. My primary role is to liaise with local Financial Intermediaries and their clients for banking services and lending information. I have considerable experience in both Corporate and Private Banking and hold qualifications from the Chartered Insurance Institute, the Institute for Securities and Investment, and the London Institute of Banking and Finance.

Investec Bank (Channel Islands) Limited is a wholly owned subsidiary of Investec Bank plc. This document is distributed by Investec Bank (Channel Islands) Limited which is licensed in Guernsey by the Guernsey Financial Services Commission under the Banking Supervision (Bailiwick of Guernsey) Law, 2020, as amended, and the Protection of Investors (Bailiwick of Guernsey) Law, 2020,  and the Lending, Credit and Finance (Bailiwick of Guernsey) Law, 2022 to carry on banking and investment business and the provision of credit in respect of Consumer Credit and Home Finance. Registered Address: Glategny Court, Glategny Esplanade, St Peter Port, Guernsey, GY1 1WR. Registered Number: 5845. The Jersey Branch of Investec Bank (Channel Islands) Limited is regulated by the Jersey Financial Services Commission to carry on deposit taking business under the Banking Business (Jersey) Law, 1991, as amended. The Jersey Branch address is 4th Floor, Liberation House, Castle Street, St Helier, Jersey, JE2 3BT. The Isle of Man Representative Office of Investec Bank (Channel Islands) Limited is regulated by the Isle of Man Financial Services Authority and its place of business address is Second Floor, The Old Courthouse, Athol Street, Douglas, Isle of Man, IM1 1LD.

Investec Bank (Channel Islands) Limited is a participant in both the Guernsey Banking Deposit Compensation Scheme and the Jersey Bank Depositors Compensation Scheme. These Schemes offer protection for “qualifying deposits/eligible deposits” up to £50,000, subject to certain limitations. The maximum total amount of compensation is capped at £100,000,000 in any 5-year period. Full details are available on request or alternatively on the Guernsey Scheme’s website www.dcs.gg or on the Jersey States website www.gov.je/dcs which will also highlight the banking groups covered. No deposit placed with Investec Bank (Channel Islands) Limited has protection from the Isle of Man Depositors’ Compensation Scheme nor the Financial Services Compensation Scheme under the Financial Services & Markets Act 2000 of the UK.