If anyone mentions 'Isle of Man' and 'bank' in the same sentence, run a mile. An early post mentioned Kaupthing in this connection, I remember the Isle of Man Savings and Investment Bank which went phut in 1982, and Kingsnorth Finance (IoM) Ltd which hit my father (RAF 1936-1962) for £10,000 in 1987. I had pleaded with my father to get out of it but he said he needed its higher interest rate to augment his barely adequate income. From memory Kingsnorth offered about 30% higher interest than average savings rates. Now that I have outlived my dear old Dad I can understand that change doesn't come easily, and the trust his hard-working generation had so misplaced in finance 'professionals' has been replaced by a rude reply to any overture.