Our Direct Savings account has been designed to provide you with easy online access as well as a higher rate of profit than our Instant Savings Account.
Features and benefits:
- Enjoy a preferential target profit rate of 4.00%
- Profit paid monthly
- Approved by our Sharia'a Supervisory Committee, you can be sure that your savings earn a halal return
- Simple and convenient to operate either online, 24 hours a day, or through the post
Making a deposit
You can make a deposit into your Direct Savings Account:
• By making an online transfer from another account or by money transfer (BACS)
• By sending a cheque by post to our Head Office at the following address:
Islamic Bank of Britain PLC
PO Box 12461
Birmingham
B16 6AQ
Making a withdrawal
You may make withdrawals from your Direct Savings Account in the following ways:
• By making an online transfer from your Direct Savings Account to another account.*
• By writing to us at our Head Office address,giving us instructions to make a payment to a third party account or requesting a withdrawal (in this case we will send you a cheque in your name for the requested amount).
• No cash withdrawals are allowed
You must maintain a minimum balance of £1,000 in accordance with the Terms and Conditions of this account.
To find out more about the Profit Sharing Ratio click here
*Maximum limits may apply
To open an account or for more information click here
Sharia'a Approval - Certificate of Endorsement
Our Direct Savings Account has been approved by our Sharia'a Supervisory Committee.
Certificate of Approval for Direct Savings Account
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