Earn profit on your savings and have access 24/7.
Compare our savings accounts
View our complete range of ethical, Sharia compliant savings accounts.
Savings accounts you can open
Important information about our savings accounts
As of 1 February 2025, you need at least £5,000 in your savings account to earn the advertised expected profit rates. If your balance drops below £5,000, the expected profit rate will be 0.05% per year. Once your balance is back to £5,000 or more, the advertised profit rate will apply again.
| Category | Expected profit rate (EPR) | Initial deposit | Minimum balance | Regular deposits | Withdrawal restriction | Profit paid | |
|---|---|---|---|---|---|---|---|
| Everyday Saver (Issue 3) | Instant access | 3.60% Gross p.a* | £5,000 | £5,000 | Unlimited | N/A | Monthly |
| Instant Access Cash ISA (Issue 3) | Instant access | 2.30% Gross p.a | £5,000^^ | £5,000 | Any amount, up to ISA cash allowance | N/A | Monthly |
| Educate A Child International 36 Month Fixed Term Deposit | Fixed term | 4.60%^ Gross p.a | £5,000* | £5,000 | N/A | No withdrawals during fixed term | Paid quarterly or on maturity |
| Wakala | Investment | Negotiable | N/A | £250,000 | N/A | No withdrawals during fixed term | On maturity |
All account holders must be at least 16 years of age
* For Business Fixed Term Deposits, the minimum balance is £100,000
^ Where profit is reinvested and paid on maturity
^^ Subscribe up to £20,000 in the current tax year
Savings accounts you can no longer open
| Category | Expected profit rate (EPR) | Initial deposit | Minimum balance | Regular deposits | Withdrawal restriction | Profit paid | |
|---|---|---|---|---|---|---|---|
| Everyday Saver (Issue 1) | Instant access | 2.30% | N/A | £5,000 | Unlimited | N/A | Monthly |
| Everyday Saver (Issue 2) | Instant access | 2.30% | N/A | £5,000 | Unlimited | N/A | Monthly |
| Instant Access Cash ISA (Issue 1) | Instant access | 2.30% | N/A | £5,000 | Any amount, up to ISA cash allowance | N/A | Monthly |
| Instant Access Cash ISA (Issue 2) | Instant access | 2.30% | N/A | £5,000 | Any amount, up to ISA cash allowance | N/A | Monthly |
| On Demand Savings | Instant access | 2.30%* | N/A | £5,000 | Unlimited | N/A | Monthly |
| Direct Savings Account | Instant access | 2.30%* | N/A | £5,000 | Unlimited | N/A | Monthly |
| 60 Day Notice Savings Account | Notice | 2.50% | N/A | £5,000 | Unlimited | 60 days' notice required to withdraw funds | Monthly |
| 60 Day Notice Cash ISA | Notice | 2.50% | N/A | £5,000 | Any amount, up to ISA cash allowance | 60 days' notice required to withdraw funds | Monthly |
| 90 Day Notice Savings Account | Notice | 2.65% | N/A | £5,000 | Unlimited | 90 days' notice required to withdraw funds | Monthly |
| 120 Day Notice Savings Account | Notice | 2.80% | N/A | £5,000 | Unlimited | 120 days' notice required to withdraw funds | Monthly |
| 120 Day Notice Cash ISA | Notice | 2.80% | N/A | £5,000 | Any amount, up to ISA cash allowance | 120 days' notice required to withdraw funds | Monthly |
| 100 Day Charities' Notice Savings Account | Notice | 2.25% | N/A | £5,000 | Unlimited | 100 days' notice required to withdraw funds | Monthly |
| 12 Month FTD Cash ISA | Fixed term | 0.40%^ | N/A | £5,000 | N/A | No withdrawals during fixed term | Paid quarterly or on maturity |
| 24 Month FTD Cash ISA | Fixed term | 0.50%^ | N/A | £5,000 | N/A | No withdrawals during fixed term | Paid quarterly or on maturity |
| 3 Month Fixed Term Deposit | Fixed term | 0.10%^ | N/A | £5,000 | N/A | No withdrawals during fixed term | Paid quarterly or on maturity |
| 6 Month Fixed Term Deposit | Fixed term | 0.50%^ | N/A | £5,000 | N/A | No withdrawals during fixed term | Paid quarterly or on maturity |
| 12 Month Fixed Term Deposit | Fixed term | 4.90%^ | £5,000 | £5,000 | N/A | No withdrawals during fixed term | Paid quarterly or on maturity |
| 18 Month Fixed Term Deposit | Fixed term | 4.67%^ | £5,000 | £5,000 | N/A | No withdrawals during fixed term | Paid quarterly or on maturity |
| 24 Month Fixed Term Deposit | Fixed term | 4.62%^ | £5,000 | £5,000 | N/A | No withdrawals during fixed term | Paid quarterly or on maturity |
| Young Person's Notice Savings Account | Notice | 2.65% | N/A | £5,000 | Unlimited | 90 days' notice required to withdraw funds | Monthly |
| Young Person's Savings Account | Instant access | 2.30% | N/A | £5,000 | Unlimited | N/A | Monthly |
* A small number of Commercial Property Finance customers, with liens held in blocked, non-transactional accounts, will receive 0.05% expected profit rate for their On Demand Savings account.
^ Expected profit rate quoted is most recent expected profit rate; customers who set up Fixed Term Deposits prior to this may be on a different expected profit rate. Previous profit rates are available at https://www.alrayanbank.co.uk/previous-profit-rates
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 savings -
Digital Banking
You need to download and register for Digital Banking before you can open a new account with us.
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A guide to expected profit
Learn why Islamic banks pay profit rather than interest.
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Fixed term savings
Earn a higher level of profit on your savings with a Fixed Term Deposit.
Frequently asked questions
Award winning savings accounts
We have been awarded the Best Cash ISA Provider at the Moneyfacts® Awards 2021 and have been Highly Commended as the Best Bank Saving Provider.
