AlRayan Bank boosts 12-month Fixed Term Deposit to table-topping 5.12% EPR
AlRayan Bank has increased the expected profit rate (EPR) on its 12 Month Fixed Term Deposit (FTD) to 5.12%, up from 4.85%. That makes it the best one-year rate across the whole market*.
A saver putting £10,000 into the account would expect to earn about £512 over the year. That is £84 more than at the average one-year fixed rate of 4.28%, and more than two percentage points above CPI inflation of 3.1%**.
Maisam Fazal, Chief Commercial Officer at AlRayan Bank, says: “Fixed savings rates have now risen for six months in a row, prompting many savers to consider whether now is the right time to lock in a return. At 5.12% EPR, our 12 Month Fixed Term Deposit pays well above both the market average and inflation. It's open to savers of any faith, and backed by our record of always paying the profit rate we quote since we were founded in 2004.
Key facts
- EPR 5.12% with profit reinvested and paid at maturity, or 5.03% with profit paid quarterly
- Minimum deposit £10,000, maximum £1,000,000
- No withdrawals or top-ups during the term, and no cooling-off period
- Sole applicants only
- Apply through AlRayan Bank's Digital Banking, and fund within 28 days from an account in the saver's own name
- Eligible deposits protected by the Financial Services Compensation Scheme (FSCS) up to £120,000
ENDS
*Moneyfacts, 15:00, 28 September 2026
**Moneyfacts UK Savings Trends