News

Islamic Bank of Britain boosts fixed rate

Islamic Bank of Britain boosts fixed rate

Category: Savings
Date: 23/07/2012

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.

Find the best savings rates for you - Compare savings accounts

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Pensioner Bond FAQs

Everyone’s talking about the Pensioner Bond at the moment, and with good reason! Boasting impressive rates of interest in a highly subdued market, everyone wants to know how they can benefit. Here’s what we know so far…

365 savings accounts now beat inflation

The latest official inflation figures, released this morning, show that the Consumer Prices Index (CPI) fell to a 12-year low of 1% in November, down 0.3% from October’s figure of 1.3%.

Pensioner Bond rates confirmed

More details about the much-anticipated Pensioner Bonds were finally released late on Friday, and it’s good news for older savers – the rates are, as promised, truly market-leading, with few other accounts able to come close.

Advertisements: