Halal savings: easy access
rates, side by side
Every Islamic savings account we can find, split by how quickly you can get your money back.
The four kinds of account
Easy access
Take your money out whenever you like. You pay for that freedom with a lower rate.
Good for: your emergency fund.
Why you need a cushionNotice
Tell the bank you want your money, then wait for the notice period to pass. Usually pays more than easy access.
Good for: money you won’t need in a hurry.
What “expected” meansFixed term
Lock your money away for a set time. Longer doesn’t always pay more, so compare the terms.
Good for: money you’re sure you can leave alone.
What “expected” meansCash ISA
A tax wrapper around a savings account, so what you earn inside it isn’t taxed. It can be fixed or easy access.
Good for: using your yearly ISA allowance.
The Cash ISA guideExpected profit rates, not guarantees, sorted highest first. Providers can change them at any time, so confirm before you apply. Some links may earn us a fee, which never changes the order. “Reported” means we couldn’t confirm it on the provider’s own page. Estimates assume the rate holds for a year. Checked 12 November 2026.
How these accounts work
“Expected” isn’t a promise
Islamic banks pay an expected profit rate, not interest. They aim to pay it, but it isn’t guaranteed like a fixed interest rate.
Your money’s protection
Eligible deposits with UK-authorised banks are covered by the FSCS up to £120,000 per person, per banking licence. Joint accounts are covered for each holder.
Direct or via a platform
Through Raisin or Meteor, your money sits with the named bank. The rate and minimum can differ from going direct.
Tax outside an ISA
Profit is generally treated like interest for UK tax, so your personal savings allowance applies. Inside an ISA it isn’t taxed.
Guides to read
Related tools
The details
Expected profit rates aren’t guaranteed
Not in the way an interest rate is. In practice banks aim to pay it, and Al Rayan says it always has since 2004.
How often the rates update
A script reads each provider’s public page every morning. If a page breaks or a figure looks wrong, the last good rate stays up with its old date, so check the date beside any rate.
“Reported” rates
We couldn’t confirm these on the provider’s own page, and we’d rather tell you than imply otherwise. Treat them as a lead and check before applying. They drop off the table if nobody can confirm them.
Whether these accounts are halal
Each is offered as shariah compliant by its provider. Whether a structure satisfies you is your own judgement, and you can take it to a scholar you trust.