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Compare our savings accounts

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

Savings accounts you can open

  Category Expected profit rate (EPR) Initial deposit Minimum balance Regular deposits Withdrawal restriction Profit paid
Everyday Saver (Issue 3) Instant access 4.00% 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
12 Month Fixed Term Deposit Fixed term 5.20%^ 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 4.85%^ 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 4.92%^ Gross p.a £5,000* £5,000* N/A No withdrawals during fixed term Paid quarterly or on maturity
Educate A Child International 36 Month Fixed Term Deposit Fixed term 4.70%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

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 0.05% N/A £500 Unlimited N/A Monthly
Direct Savings Account Instant access 0.15% 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
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

 

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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    A guide to expected profit

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    Fixed term savings

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

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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.