60 Day Notice Account

Put money aside for a rainy day and earn a higher level of profit.

0.90%*Expected profit rate

Get into a savings habit and put money aside for when your organisation really needs it. Give 60 days notice to make a withdrawal and the funds will be available through the post, branch, telephone or online.

If your business has any spare money that it can afford to put away and get an attractive target profit rate, the 60 Day Notice Account is a perfect way to save now for reward later.

Our 60 Day Notice Account has been designed to provide easy online access as well as a higher rate of profit than our On Demand Savings Account.

*Gross p.a.  Terms & conditions apply.

Features & benefits

  • Expected profit rate of 0.90% (gross p.a.)
  • Minimum opening balance of £250
  • You can also set up a regular standing order and have the flexibility to make incremental deposits regardless of how big or small, whilst getting regular target returns on your savings
  • Give 60 days' notice if you wish to make a withdrawal, and your funds will be available online, through the post or via one of our branches
  • Sharia compliant return on your savings
  • Deposits may be made via a direct account transfer or a cheque from an account in your name
  • At maturity, you can transfer out the funds to an account in your name

Forms & other information

Application forms

Existing customers

Withdrawal form

You will need to give us notice of your intention to make a withdrawal from your account.

Terms and conditions

For your own benefit and protection, you should carefully read the following important leaflets before you complete the application:

Further information

The following information leaflets should also be read:

To view PDFs you need the Adobe Acrobat Reader. This program is available free of charge from the Adobe websiteAl Rayan Bank is not responsible for the content of external websites.

Summary box

Summary box  
Account name 60 Day Notice Account
What is the expected profit rate?

0.90% (gross per annum)

Your profit is calculated and paid to your nominated account on a monthly basis.

Can Al Rayan Bank change the expected profit rate?

The expected profit rate that applies to your Notice Account is variable. This means that the expected profit rate can change at any time.

If Al Rayan Bank changes the expected profit rate on your account, we will write to you providing you with enough notice to consider your options before the change takes effect.

What would be the estimated balance after 12 months If on account opening you deposited £1,000 into your 60 Day Notice Account and made no further deposits or withdrawals, the estimated balance on the first anniversary of your account opening would be £1,009.04.

This is for illustrative purposes only and does not take into account your organisation's circumstances. This illustration assumes that your account was opened on the first day of the month and there is no change to the expected profit rate throughout the period of this illustration. 

How do I open and manage my account online?

The minimum deposit required for this account is £250. You can only fund your account via a direct account transfer or a cheque from an account in your name. Al Rayan Bank doesn't accept third party transfers.

You can make a deposit in any of the following ways:

  • Transfer funds or set up a standing order from another account in your name
  • Take your cheque to one of our branches, or send it to Al Rayan Bank PLC, PO Box 12461, Birmingham, B16 6AQ with your account number written on the back

Our secure online banking portal enables you to:

  • View account statements and transactions
  • Move money between accounts, and
  • Apply for withdrawal requests

To register, please download an application form at alrayanbank.co.uk or call us on the number below.

Can I withdraw money?

Your Notice Account requires you to provide Al Rayan Bank with 60 days’ notice before you can withdraw some, or all of your funds. You cannot access your funds until the notice period has elapsed.

You can apply your notice to withdraw your funds in any of the following ways:

  • Log in to online banking (if you haven’t already, you’ll need to register for online access to your account)
  • By visiting one of our branches
  • Writing to us at Al Rayan Bank PLC, PO Box 12461, Birmingham, B16 6AQ giving us instructions to make a payment to a nominated account
  • Calling us on 0800 4086 407
Contact us

If you need to contact us for any reason you can:

  • Call us on 0800 4086 407 from Monday to Friday, 9am to 7pm or on Saturday, from 9am to 1pm
  • Send us a secure message through our online banking portal
  • Visit one of our branches

Write to us at Al Rayan Bank PLC, PO Box 12461, Birmingham, B16 6AQ

Additional information As an Islamic Bank, we do not offer you interest on your funds, instead, we undertake Sharia compliant activities with the intention of generating profit.