Managing Your Savings Account
This page explains how to manage your AlRayan Bank savings account and make the most of your savings.
About your savings account
Our savings accounts are designed to help you grow your money in line with Sharia principles - no interest is paid; instead, returns are generated through Sharia-compliant activities.
Important: you must maintain a minimum balance of £10,000. If your instant or notice account balance falls below this, your account may be closed and your expected profit rate will reduce to 0.05% until the minimum balance is restored (or the account is closed). Once your balance is restored, the full expected profit rate will apply again.
How do I manage my account?
The easiest way to manage your savings account is through Digital Banking (app or desktop), where you can view your balance and transactions, check your expected profit, make payments and transfers to your nominated account, and download documents.
Manage your account
Make a payment or transfer money - move money to your nominated account. For full guidance, visit the Payments help page.
Set or update your nominated account - your nominated account is the account that money from your savings account can be transferred to. It must be a UK account in your name, and it's required for all withdrawals. Set or update this in Digital Banking before making a withdrawal.
Close your savings account - select the account, choose where funds will be sent, and confirm your request. For Notice Accounts, you'll need to give notice before closing. Visit the Account Closure page
View statements and documents - download statements, access your Certificate of Profit, or request additional documents. Visit the Statements & Documents page.
Manage your ISA - transfer your ISA, withdraw funds, or check your ISA allowance and rules. Visit the Managing Your ISA page.
Fixed Term Deposits (FTDs) - view your profit and account details, or reinvest your funds at maturity. Visit the Managing your FTD page.
Other support
Important things to know
- You must have a nominated account set up for withdrawals
- Keep your balance above £10,000 to maintain your expected profit rate
- You may need to download documents for tax or personal records
How long will it take?
- Managing your account: instant in Digital Banking
- Document downloads: available immediately
- Posted documents: may take a few working days
- Account updates or closures: may require checks before completion
Quick tips
- Keep your nominated account active and up to date
- Maintain at least £10,000 to get the full expected profit rate
- Update your app or browser if something isn't working
- If documents don't download, try clearing your cache/cookies or switching browsers
- Use Digital Banking for the fastest service
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Need help?
If you need support, send us a secure message through Digital Banking.