Access your money whenever you want 24 hours a day, 365 days a year. These accounts typically earn the least profit.
Fixed term savings
Our Fixed Term Deposits tend to pay the highest expected rate of profit of all our savings accounts. However, you need to lock your money away for a fixed period of time.
Our fixed term savings products
| Account name | Minimum deposit | Expected profit rate Sort ascending | Access level | |
|---|---|---|---|---|
| 12 Month Fixed Term Deposit | £5,000 | 5.70% | Fixed term | View account |
| 36 Month Fixed Term Deposit | £5,000 | 5.10% | Fixed term | View account |
| 24 Month Fixed Term Deposit | £5,000 | 5.05% | Fixed term | View account |
| 18 Month Fixed Term Deposit | £5,000 | 5.00% | Fixed term | View account |
| Wakala Treasury Deposit | £250,000 | Negotiable | Fixed term | View account |
Account name
12 Month Fixed Term Deposit
Minimum deposit
£5,000
Expected profit rate
5.70%
Access level
Fixed term
Account name
36 Month Fixed Term Deposit
Minimum deposit
£5,000
Expected profit rate
5.10%
Access level
Fixed term
Account name
24 Month Fixed Term Deposit
Minimum deposit
£5,000
Expected profit rate
5.05%
Access level
Fixed term
Account name
18 Month Fixed Term Deposit
Minimum deposit
£5,000
Expected profit rate
5.00%
Access level
Fixed term
Account name
Wakala Treasury Deposit
Minimum deposit
£250,000
Expected profit rate
Negotiable
Access level
Fixed term
Which type of savings account is right for you?
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Instant access
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Fixed term
Put your money away for a set period of time in return and get the highest expected rate of profit.
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Access with notice
Get access to your money with 120 days’ notice. These accounts typically pay more than instant access savings.
Tips on becoming a better saver
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.
More savings accounts and information
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Instant access savingsEarn profit on your savings and have access 24/7.
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Premier SavingsFind out more about our range of Premier savings accounts
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A guide to expected profitLearn why Islamic banks pay profit rather than interest.
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Fixed term savingsEarn a higher level of profit on your savings with a Fixed Term Deposit.