Islamic Bank of Britain boosts fixed rate - Savings - News - Moneyfacts


Islamic Bank of Britain boosts fixed rate

Islamic Bank of Britain boosts fixed rate

Category: Savings

Updated: 23/07/2012
First Published: 23/07/2012

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

The Islamic Bank of Britain's Sharia'a Compliant Fixed Term Deposit rate for 24 months has increased by 0.95%. Now paying a quarterly indicative profit rate of 3.95%, this deal has stormed to the top of the two year bond market.

Savers can invest between £1,000 and £100,000. Further additions and early access are not permitted.

The account can be operated in branch, by post, telephone or online by savers aged 16 and over.

This product has been awarded four out of five Moneyfacts stars.

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