The Island's financial regulator says the amount of money being kept on the Island went up by £450 million in the first quarter of the year.
Data from the Financial Supervision Commission shows deposits rose 1.08 per cent to £42.27 billion between December last year and the end of March.
On its website, the FSA also says deposits are also up year on year.
Its figures show an increase of £1.23 billion compared to the first quarter of 2023.
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