Fixed Term Deposit savings profit rates
Our Fixed Term Deposit accounts have almost always paid 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, agreed at the outset.
We offer a range of fixed term deposit accounts and the longer you lock your money away, the better the return.
So if you have at least £5,000 to invest, want a Sharia compliant and ethical account to earn the highest rate of expected profit and don’t need access to your money for a period of time (min 12 months), our Fixed Term Deposit saving accounts may be for you.
We invest your deposit in Sharia compliant and ethical activities and generate a
target profit. We manage and monitor the performance of the investments every single day to minimise risk and ensure that you receive the ‘expected’ profit rate. It’s a very effective approach and we have always paid the expected profit rate we have quoted to customers.
We guarantee that your funds are only ever invested in Sharia compliant and ethical
investments, so no interest-bearing transactions and non-Sharia compliant business
activities such as gambling, speculation, tobacco and alcohol. Currently investments take place in trades of low risk commodities (metals) and our Home Purchase Plans, where the rents we receive for investing customers’ funds are paid as profits, after deducting
our fees.If you’re interested in finding out more about our range of Fixed Term Deposit savings accounts, simply click here or call our customer services team on 0800 408 6407(Mon-Fri: 9.00am – 7.00pm. Sat: 9.00am to 1.00pm) to discuss how they could work for you.