When you invest with us you can relax knowing that your hard-earned money is being managed by a secure financial institution with strong parental backing.

And because our products are cash deposits, and are not linked to stock markets, your investment will not be subject to the roller coaster ride associated with equity-based investments.


Strong Family Connections

Irish Nationwide (IOM) Limited is a wholly owned subsidiary of the Irish Nationwide Building Society. Being wholly owned by our parent means that your investment is fully backed by the substantial resources of the Society.

The Society is a traditional building society and its core activity is secured mortgage lending in Ireland and the United Kingdom. It is one of Ireland’s oldest (established 1873) and strongest financial institutions. As an indication of its profitability and efficiency it consistently achieves one of the lowest cost/income ratios of any similar financial institution. Our parent’s latest Annual Accounts can be viewed at www.inbs.ie.


Stringent Regulation

We are licensed to conduct Banking Business by the Isle of Man Government Financial Supervision Commission.

As such we are required to submit ourselves to the regular scrutiny of our Regulators and to comply with strict financial controls. The sole purpose of this stringent regulation is to protect your investment and to ensure that the highest ethical and professional standards are applied to our dealings with you.


Confidentiality

We fully understand that customer confidentiality is of paramount importance when investing.

For your peace of mind, Irish Nationwide (IOM) Limited is registered under the Data Protection Act 2002 (Isle of Man legislation). This requires us to collect only the personal data necessary to maintain our business relationship with you and to ensure your personal data is processed in accordance with your rights. Unless you have authorised us when completing the new account application form, or specifically in writing, your personal data will not be used for marketing purposes and will not be disclosed or sold to any third party.


Depositor Protection

In the unlikely event that INIOM is unable to meet its liabilities, in the first instance Irish Nationwide Building Society will be required to cover any shortfall.

In the even more unlikely event that the Society is unable to fully meet INIOM’s outstanding liabilities, then your investment will be additionally protected by the Depositors’ Compensation Scheme contained in the Banking Business (Compensation of Depositors) Regulations 1991 (as amended).

This Scheme offers compensation of up to 75% of an eligible protected deposit, subject to an overall maximum of £15,000 in respect of each eligible depositor. An eligible deposit is one where the term of the deposit is less than 5 years.

For further details of this Scheme, you should write to:

The Scheme Manager
Depositor Compensation Scheme
PO Box 58
Finch Hill House
Bucks Road
DOUGLAS
Isle of Man
IM1 3DF
British Isles

Please note that deposits made with Irish Nationwide (IOM) Limited are not covered by the Financial Services Compensation Scheme established under the UK Financial Services and Markets Act 2000.