Sharia Fixed Term Accounts
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6 Month Fixed Term Woodland Saver | 12 Month Fixed Term (provided by Al Rayan Bank)* | 24 Month Fixed Term (provided by Al Rayan Bank)* | 36 Month Fixed Term (provided by Al Rayan Bank)* | 60 Month Fixed Term (provided by Al Rayan Bank)* |
Click here to find out what the * means | ||||
AER What's This? |
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5.22% |
5.10% |
4.75% |
4.65% |
4.55% |
Expected Profit Rate What's This? |
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5.22% |
5.10% |
4.75% |
4.65% |
4.55% |
Minimum opening balance |
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£1,000 |
£1,000 |
£1,000 |
£1,000 |
£1,000 |
How to manage the account |
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Mobile Banking, Online |
Online |
Online |
Online |
Online |
How to apply |
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Online |
Online |
Online |
Online |
Online |
Account summary |
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No access within the term. The rate is not guaranteed, in order to comply with Sharia Law the rates listed are an expected profit rate. Expected profit is paid on maturity or monthly. On maturity, the account is transferred to the Easy Access account. |
No access within the term. Interest is paid on maturity. |
No access within the term. Interest is paid on maturity. |
No access within the term. Interest is paid on maturity. |
No access within the term. Interest is paid on maturity. |
Financial Services Compensation Scheme What's This? |
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Own Licence |
Own Licence |
Own Licence |
Own Licence |
Own Licence |