Compare Al Rayan Bank's savings accounts
Whether you're looking for instant access to your funds or are happy to lock your money away for years, Al Rayan Bank has a complete range of ethical, Sharia compliant savings accounts.
Category | Expected profit rate (EPR) | EPR when re-invested | 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 | N/A | £20 | £1 | None | Any amount | £100 per day for child once they reach 141 | Monthly |
Instant Access Cash ISA (Issue 2) |
Instant Access | 0.60% Gross p.a | N/A | £50^^ | £1 | 16 | Any amount, up to ISA cash allowance. | Up to account balance | Monthly |
12 Month Fixed Term Cash ISA | 12 months fixed term | 0.65% Gross p.a |
0.65%^ Annual equivalent | £1,000^^ | £1,0002 | 16 | Any amount, up to ISA cash allowance for 30 days from the date the account is opened | No withdrawals during fixed term. Up to account balance after term ends | Paid quarterly or on maturity |
24 Month Fixed Term Cash ISA | 24 months fixed term | 0.75% Gross p.a | 0.75%^ Annual equivalent | £1,000^^ | £1,0002 | 16 | Any amount, up to ISA cash allowance for 30 days from the date the account is opened | No withdrawals during fixed term. Up to account balance after term ends | Paid quarterly or on maturity |
12 Month Fixed Term Deposit | 12 months fixed term | 0.65% Gross p.a | 0.65%^ Annual equivalent | £5,000 | £5,0002 | 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 | 24 months fixed term | 0.75% Gross p.a |
0.75%^ Annual equivalent |
£5,000 | £5,0002 | 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 | 36 months fixed term | 0.80% Gross p.a |
0.80%^ Annual equivalent |
£5,000 | £5,0002 | 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 | £250,0002 | 16 | N/A | No withdrawals during fixed term. Up to account balance after term ends | On maturity |
1Subject to Young Person’s Savings Account special conditions
2Cannot 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