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Compare our savings accounts
View our complete range of ethical, Sharia compliant savings accounts.
Savings accounts you can open
Important information about our savings accounts
From 1 February 2025, the minimum balance for all our savings accounts will be increased to £5,000. From this date, the advertised expected profit rates will apply to the full balance only when the account holds at least the minimum deposit.
If the balance falls below the minimum deposit, the expected profit rate will be 0.05% gross per annum. Once the minimum deposit is restored, the advertised expected profit rate will apply to the entire balance.
| Category | Expected profit rate (EPR) | Initial deposit | Minimum balance | Regular deposits | Withdrawal restriction | Profit paid | |
|---|---|---|---|---|---|---|---|
| Everyday Saver (Issue 3) | Instant access | 3.60% Gross p.a* | £5,000 | £5,000 | Unlimited | N/A | Monthly |
| Instant Access Cash ISA (Issue 3) | Instant access | 2.30% Gross p.a | £50^^ | £50 | Any amount, up to ISA cash allowance | N/A | Monthly |
| Educate A Child International 36 Month Fixed Term Deposit | Fixed term | 4.60%^ 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
* For customers with an existing Everyday Saver (Issue 3), the expected profit rate will be adjusted to 3.60% from 21 February 2025
* * For Business Fixed Term Deposits, the minimum balance is £100,000
^ Where profit is reinvested and paid on maturity
^^ Subscribe up to £20,000 in the current tax year
Savings accounts you can no longer open
| Category | Expected profit rate (EPR) | Initial deposit | Minimum balance | Regular deposits | Withdrawal restriction | Profit paid | |
|---|---|---|---|---|---|---|---|
| Everyday Saver (Issue 1) | Instant access | 2.30% | N/A | £500 | Unlimited | N/A | Monthly |
| Everyday Saver (Issue 2) | Instant access | 2.30% | N/A | £2,500 | Unlimited | N/A | Monthly |
| Instant Access Cash ISA (Issue 1) | Instant access | 2.30% | N/A | £50 | Any amount, up to ISA cash allowance | N/A | Monthly |
| Instant Access Cash ISA (Issue 2) | Instant access | 2.30% | N/A | £50 | Any amount, up to ISA cash allowance | N/A | Monthly |
| On Demand Savings | Instant access | 2.30%* | N/A | £500 | Unlimited | N/A | Monthly |
| Direct Savings Account | Instant access | 2.30%* | N/A | £1,000 | Unlimited | N/A | Monthly |
| 60 Day Notice Savings Account | Notice | 2.50% | N/A | £250 | Unlimited | 60 days' notice required to withdraw funds | Monthly |
| 60 Day Notice Cash ISA | Notice | 2.50% | N/A | £250 | Any amount, up to ISA cash allowance | 60 days' notice required to withdraw funds | Monthly |
| 90 Day Notice Savings Account | Notice | 2.65% | N/A | £250 | Unlimited | 90 days' notice required to withdraw funds | Monthly |
| 120 Day Notice Savings Account | Notice | 2.80% | N/A | £2,500 | Unlimited | 120 days' notice required to withdraw funds | Monthly |
| 120 Day Notice Cash ISA | Notice | 2.80% | N/A | £250 | Any amount, up to ISA cash allowance | 120 days' notice required to withdraw funds | Monthly |
| 100 Day Charities' Notice Savings Account | Notice | 2.25% | N/A | £50,000 | Unlimited | 100 days' notice required to withdraw funds | Monthly |
| 12 Month FTD Cash ISA | Fixed term | 0.40%^ | N/A | £1,000 | N/A | No withdrawals during fixed term | Paid quarterly or on maturity |
| 24 Month FTD Cash ISA | Fixed term | 0.50%^ | N/A | £1,000 | N/A | No withdrawals during fixed term | Paid quarterly or on maturity |
| 3 Month Fixed Term Deposit | Fixed term | 0.10%^ | N/A | £1,000 | N/A | No withdrawals during fixed term | Paid quarterly or on maturity |
| 6 Month Fixed Term Deposit | Fixed term | 0.50%^ | N/A | £1,000 | N/A | No withdrawals during fixed term | Paid quarterly or on maturity |
| 12 Month Fixed Term Deposit | Fixed term | 4.90%^ | £5,000 | £5,000 | N/A | No withdrawals during fixed term | Paid quarterly or on maturity |
| 18 Month Fixed Term Deposit | Fixed term | 4.67%^ | £5,000 | £5,000 | N/A | No withdrawals during fixed term | Paid quarterly or on maturity |
| 24 Month Fixed Term Deposit | Fixed term | 4.62%^ | £5,000 | £5,000 | N/A | No withdrawals during fixed term | Paid quarterly or on maturity |
| Young Person's Notice Savings Account | Notice | 2.65% | N/A | £20 | Unlimited | 90 days' notice required to withdraw funds | Monthly |
| Young Person's Savings Account | Instant access | 2.30% | N/A | £20 | Unlimited | N/A | Monthly |
* A small number of Commercial Property Finance customers, with liens held in blocked, non-transactional accounts, will receive 0.05% expected profit rate for their On Demand Savings account.
^ Expected profit rate quoted is most recent expected profit rate; customers who set up Fixed Term Deposits prior to this may be on a different expected profit rate. Previous profit rates are available at https://www.alrayanbank.co.uk/previous-profit-rates
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.
More savings accounts and information
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Fixed term savings
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Frequently asked questions
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.
