2 Year Fixed

Provider Rate Min/Max Deposit Opening Account Accessing Account Interest Options SG Verdict
Al Rayan Bank
2.02% £1,000 / No Maximum

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Anniversary
  • Paid Away or Compounded
  • Paid Quarterly

This account pays expected profit, rather than interest, to meet Sharia law requirements.  Those savers comfortable with this are likely to be attracted variety of channels to open and manage their account  

Atom Bank
2.10% £50 / £100,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Anniversary
  • Paid Away or Compounded
  • Paid Monthly
  • Paid Annually

Savers can only open and manage an Atom account by mobile app, which may not appeal to all.  

Axis Bank
2.04% £1,000 / £200,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Anniversary
  • Paid Away or Compounded
  • Paid Monthly
  • Paid Annually
  • Paid On Maturity
  • Paid Quarterly

Axis Bank UK is part of Axis Bank Ltd, India’s third largest private sector bank    

Savers should be aware that, although this account can be opened online, ongoing management is by post or Axis’ sole branch in King Street, London    

BLME
2.10% £25,000 / £2,000,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid Away or Compounded
  • Paid On Maturity

This account pays expected profit, rather than interest, to meet Sharia law requirements. This and their high minimum balance level may make this account less attractive to savers.

Union Bank of India
2.05% £1,000 / £1,000,000

Branch
App
Internet
Post
Telephone

Branch
App
Internet
Post
Telephone

  • Paid Annually
  • Paid Away

Union Bank of India (UK) is a subsidiary of Union Bank of India, one of the largest public sector banks in India