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 Any products featured may be withdrawn by their provider or changed at any time.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

6 of the best notice savings accounts

If you’re looking to secure the best rate on your savings, you generally have one of two options...

Savings rates show signs of improvement

We don’t want to get too excited, but latest research from Moneyfacts has revealed slight signs of life in the savings market, with the majority of average rates creeping up!

Savings rates show signs of improvement

We don’t want to get too excited, but latest research from Moneyfacts has revealed slight signs of life in the savings market, with the majority of average rates creeping up!