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 Any products featured may be withdrawn by their provider or changed at any time.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

How much do you have left over each month?

What’s left in your back pocket at the end of the month and what do you do with it – spend what little’s left on some well-earned treats or, with a lot of self-restraint, tuck it away in a savings account?

159 savings accounts now beat inflation

The latest official inflation figures, released this morning, show that the Consumer Prices Index (CPI) fell to 1.6% in March – not only being the lowest since October 2009, but also meaning there are now 159 savings accounts that can beat it.

Children becoming a generation of mini savers

Getting into the savings habit from an early age is something that should always be encouraged, and luckily it seems that a lot of children are on the right lines.

Advertisements: