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Compare our savings accounts

View our complete range of ethical, Sharia compliant savings accounts.

Compare our savings accounts

  Category Expected profit rate (EPR) Initial deposit Minimum balance Regular deposits Withdrawal restriction Profit paid
Everyday Saver (Issue 2) Instant access 1.31% Gross p.a £2,500 £2,500 Unlimited N/A Monthly
Instant Access Cash ISA (Issue 3) Instant access 1.00% Gross p.a £50^^ £1 Any amount, up to ISA cash allowance N/A Monthly
12 Month FTD Cash ISA Fixed term 0.40% Gross p.a £1,000^^ £1,000 N/A No withdrawals during fixed term  Paid quarterly or on maturity
24 Month FTD Cash ISA Fixed term 0.50% Gross p.a £1,000^^ £1,000 N/A No withdrawals during fixed term Paid quarterly or on maturity
12 Month Fixed Term Deposit Fixed term 2.28%^ Gross p.a £5,000* £5,000* N/A No withdrawals during fixed term Paid quarterly or on maturity
18 Month Fixed Term Deposit Fixed term 2.37%^ Gross p.a £5,000* £5,000* N/A No withdrawals during fixed term Paid quarterly or on maturity
24 Month Fixed Term Deposit Fixed term 2.62%^ Gross p.a £5,000* £5,000* N/A No withdrawals during fixed term Paid quarterly or on maturity
36 Month Fixed Term Deposit Fixed term 2.67%^
Gross p.a
£5,000* £5,000* N/A No withdrawals during fixed term Paid quarterly or on maturity
Wakala Investment Negotiable N/A £250,000 N/A No withdrawals during fixed term On maturity
  • All account holders must be at least 16 years of age

^ Where profit is reinvested and paid on maturity
^^ Subscribe up to £20,000 in the current tax year
* For Business Fixed Term Deposits, the minimum balance is £100,000

Your eligible deposits held by a UK establishment of Al Rayan Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme.  

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More savings accounts and information

 

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    Instant access savings

    Earn profit on your savings and have access 24/7.

    Find out more

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    Cash ISAs

    Individual Savings Accounts (ISAs) are a tax efficient way to save.

    Find out more

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    A guide to expected profit

    Learn why Islamic banks pay profit rather than interest.

    Find out more

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    Long term savings

    Earn a higher level of profit on your savings with a Fixed Term Deposit.

    Find out more

Frequently asked questions

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Award winning savings accounts

We have been awarded the Best Cash ISA Provider at the Moneyfacts® Awards 2021 and have been Highly Commended as the Best Bank Saving Provider.