The Bank of London and the Middle East has increased the rate on its Sharia'a compliant Premier Deposit Account, pushing it into the top ten of the medium-term fixed rate bond sector.
The basics…This account pays an indicative profit rate of 2.50% on its anniversary.
The finer details….Between £25,000 and £2 million can be invested in this bond. Further additions and early access are not permitted.
The account is available to savers aged 18 and over and can be operated online only.
Why we like it….This competitive bond offers a good savings package to investors looking to lock their money away for a two-year period. Four out of five Moneyfacts Stars have been awarded.
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