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.

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