Al Rayan’s market-leading 1yr bond | Product News | moneyfacts.co.uk

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Al Rayan’s market-leading 1yr bond

Al Rayan’s market-leading 1yr bond

Category: Savings
Date: 08/06/2017

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Al Rayan Bank has increased the rate on its one-year fixed bond by an impressive 0.30%, which sees it move to the top of the Best Buy chart for its sector, also earning it a high Moneyfacts rating.

The basics…

The 12-month Fixed Term Deposit now boasts a market-leading expected profit rate of 1.91% AER (1.90% gross), paid quarterly.

The finer details…

This account requires a minimum investment of £1,000. It does not permit additions or early access, so savers will have to be certain they won't need their chosen funds for the entire year. The account can be opened and operated in branch, online, over the phone and by post. It is Sharia'a compliant, which means the rate represents the expected profit rate.

Why we like it…

The increased rate on this account has made it highly attractive to savers looking for a top rate over a one-year term, easily earning it first place in the Best Buy charts, as well as a 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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