Al Rayan Bank wins the Best Fixed Savings Account Provider category at the 2017 Moneyfacts Awards
Al Rayan Bank was recently named as the Best Fixed Savings Account Provider in the UK at the Moneyfacts awards, one of the most prestigious awards in the finance industry.
Moneyfacts is the UK's leading personal finance data provider; it compiles independent ‘Best Buy’ tables to help consumers compare every single financial product on the market. Not only are three of Al Rayan Bank’s fixed term savings products offering market leading expected profit rates^ but they also offer savers a host of additional benefits which are not available from other fixed savings account providers listed.
- FTDs can be opened online, by phone, by post or in branch,
- Deposits are accepted from £1,000 to £1,000,000.
- Profits are paid to savers quarterly and can either be withdrawn by the customer and taken as income or reinvested into the original deposit to compound the expected profit rate
|Term||Expected profit rate||When profit is reinvested||Min deposit|
|12 Month FTD||2.00%*||2.02%**||£1,000||Find out more|
|18 Month FTD||2.04%*||2.06%**||£1,000||Find out more|
|24 Month FTD||2.09%*||2.11%**||£1,000||Find out more|
|36 Month FTD||2.14%*||2.16%**||£1,000||Find out more|
|12 Month FTD Cash ISA||1.15%*||1.15%**||£1,000||Find out more|
*Gross p.a. Terms & conditions apply.
**Where profit is reinvested and paid on maturity.
In addition to the award, Al Rayan Bank was also Highly Commended in the 'Best Bank Savings Provider'.
This is not the first time that the Bank has been recognised by Moneyfacts; last year we were Highly Commended as 'Best Fixed Account Provider' and Commended in the 'Best Notice Account Provider' and 'Best Bank Savings Provider' categories.
^ Moneyfacts one year and two year fixed term bond 'best buy' tables 22 July 2017