Saving for your children

If you have children or grandchildren, you'll want them to have the best possible start in life. If you wish to put some money aside to help them gain a good education, enjoy the perfect wedding, or own their first home in a Sharia compliant way, Al Rayan Bank has a range of children’s savings accounts which can help.

Click on a blue box to reveal a solution or further question.


Children’s Savings Accounts

Al Rayan Bank has a range of Sharia compliant Children’s Savings Accounts which enable you to earn profit not interest.

Decide what length of notice period you can give to access the funds and see which account is best for you.

Do you want instant access to your child’s savings or are you happy to provide notice to get access and earn a higher level of income?

Product name Product type Description
Young Person's Instant Access Savings Instant access savings for under-16s

Product name Product type Description
Young Person's Notice Savings 90 day notice savings for under-16s

Savings Accounts

Al Rayan Bank has a wide range of long-term Sharia compliant savings products.  Select how long you'd be prepared to save for to see the best account for you.

If you are saving for your children’s education, how long would you be looking to save for?

Product name Product type Description
24 month Fixed Term Deposit Savings Al Rayan Bank's 24 month FTD provides an expected profit rate of 1.50% gross p.a.
18 month Fixed Term Deposit Savings Al Rayan Bank's 18 month FTD provides an expected profit rate of 1.40% gross p.a.
12 month Fixed Term Deposit Savings Al Rayan Bank's 12 month FTD provides an expected profit rate of 1.30% gross p.a.

Product name Product type Description
Investment services Investment Sharia compliant funds, accredited by Al Rayan Bank and provided by SMARTfund.

 

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