Al Rayan’s improved easy access ISA tops chart | Product News | moneyfacts.co.uk

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Al Rayan’s improved easy access ISA tops chart

Al Rayan’s improved easy access ISA tops chart

Category: ISAs
Date: 23/04/2018

Al Rayan Bank has increased the rate on its easy access ISA by 0.13%. This has made the account market-leading among variable rate ISAs and sees it take over the number one spot, additionally earning it a high rating.

The basics…

Instant Access Cash ISA now boasts the market-leading, variable expected profit rate of 1.36% AER (1.35% gross) which is paid monthly, whereby interest must be paid away.

The finer details…

This account requires a minimum investment of just £50. It allows unlimited withdrawals and additions, as well as transfers in from cash and stocks & shares ISAs, and unrestricted transfers out. The account can be opened and operated in branch, online, by post, over the phone and via smartphone app. Note that this is a Sharia'a complaint account, so the rate mentioned is the expected profit rate.

Why we like it…

Not only does this deal offer the highest available rate, with interest paid into your current account every month, it is also highly flexible, both in terms of access and in management options. It therefore easily earns its top spot in the Best Buys as well as its high rating.

Moneyfacts rating: Excellent

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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

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