Skip to main content Skip to accessibility
This website is not compatible with your web browser. You should install a newer browser. If you live in Jersey and need help upgrading call the States of Jersey web team on 440099.
Government of

Information and public services for the Island of Jersey

L'înformâtion et les sèrvices publyis pouor I'Île dé Jèrri

  • Choose the service you want to log in to:


    Update your notification preferences


    Access government services


    Clear goods through customs or claim relief

  • Talentlink

    View or update your States of Jersey job application

Request about a bank and an interest rate (FOI)

Request about a bank and an interest rate (FOI)

Produced by the Freedom of Information office
Authored by States of Jersey and published on 20 April 2015.
Prepared internally, no external costs.



I would like to know if the following information received from [a named] bank [name of bank redacted] is correct?  [The named bank] were advertising a 4% interest rate on current accounts and when I enquired I was informed at the branch the offer did not apply locally due to the fact the bank would not be complying with local regulation regarding what they could offer?


If this is the case I ask why? As it would assist the economy recovery re more to spend.



Freedom of Information requests only apply to information held by the States of Jersey whereas this request asks for the analysis of various laws which are publically accessible on the Jersey Law web site.

Jersey Law website

The States of Jersey does not give legal advice to third parties however it is our understanding that there is no law which restricts what interest rate banks in Jersey can offer. However, there are rules that limit the scope of advertising. Should you have a complaint against the bank concerned then it would be appropriate to discuss this with the Jersey Financial Services Commission who regulate banks.


This request falls away due to the answer given above.

Back to top
rating button