Sunday, May 27, 2018

Sharia accounts offer some of the best savings rates in the UK | This is Money

Sharia accounts offer some of the best savings rates in the UK | This is Money: e-mail
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This week saw challenger bank Gatehouse launch the first one-year savings rate to hit 2 per cent in more than 12 months.�

The bank is Sharia-compliant and is one of a growing number of Sharia banks rising up�This is Money's independent best buy savings tables.��

Among these accounts are many names you'll recognise; and some you won't.

Lloyds, United National Bank, Al Rayan Bank, BLME and Gatehouse are just a few of the banks offering some or solely Sharia-compliant savings accounts in the UK.

But while most of us are aware of Sharia accounts, few are clear on exactly how they work and what they offer.

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