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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 Minimum age Regular deposits Withdrawal restriction Profit paid
Young Person's Saving Account Children's savings 0.10% Gross p.a £20 £1 None Any amount £100 per day for child once they reach 14 Monthly
Instant Access Cash ISA (Issue 3)  Instant Access 0.35% Gross p.a £50^^ £1 16 Any amount, up to ISA cash allowance. Up to account balance Monthly
12 Month FTD Cash ISA Fixed term 0.40% Gross p.a £1,000^^ £1,000 16 N/A No withdrawals during fixed term. Up to account balance after term ends Paid quarterly or on maturity
24 Month FTD Cash ISA Fixed term 0.50% Gross p.a £1,000^^ £1,000 16 N/A No withdrawals during fixed term. Up to account balance after term ends Paid quarterly or on maturity
12 Month Fixed Term Deposit Fixed term 0.55% Gross p.a £5,000 £5,000 16 N/A No withdrawals during fixed term. Up to account balance after term ends Paid quarterly or on maturity
18 Month Fixed Term Deposit Fixed term 0.60% Gross p.a £5,000 £5,000 16 N/A No withdrawals during fixed term. Up to account balance after term ends Paid quarterly or on maturity
24 Month Fixed Term Deposit Fixed term 0.65%
Gross p.a
£5,000 £5,000 16 N/A No withdrawals during fixed term. Up to account balance after term ends Paid quarterly or on maturity
36 Month Fixed Term Deposit Fixed term 0.90%
Gross p.a
£5,000 £5,000 16 N/A No withdrawals during fixed term. Up to account balance after term ends Paid quarterly or on maturity
Wakala Investment Negotiable N/A £250,000 16 N/A No withdrawals during fixed term. Up to account balance after term ends On maturity

1 Subject to Young Person’s Savings Account special conditions
2 Cannot withdraw or add to the initial deposit
^ Where profit is reinvested and paid on maturity
^^ Subscribe up to £20,000 in the current tax year

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.

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    Cash ISAs

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

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    A guide to expected profit

    Learn why Islamic banks pay profit rather than interest.

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    Long term savings

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

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Frequently asked questions