Raisin UK - 1 Year Fixed-Term Savings Account
4.89% AER / Gross (this savings account offers expected profit rather than interest as it follows Shariah principles).
AER is the Annual Equivalent Rate and represents what the profit rate would be if profit was realised and paid once each year.
Profit is calculated from the start date and is paid on maturity. Profit will be paid gross without prior deduction of tax. It is your responsibility to declare and pay any tax on Profit in the appropriate tax year.
Can Kuwait Finance House PLC change the profit rate?
The expected profit rate applicable to your account is fixed during the term once your application is approved and you fund your account unless we inform you that we are not able to achieve the expected profit rate.. Please review the associated Terms and Conditions for more information on how expected profit rate changes work.
Should the Bank amend the rate advertised before you have funded your account with the full deposit, and the rate is higher than your original order, the higher rate will apply to the deposit in your account.
Should the Bank amend the rate advertised before you have fully transferred the funds and the expected rate is lower than the rate you originally ordered, we will automatically cancel your order. We will contact you if this occurs.
If the funds have been transferred and your account has been funded with the full amount you wish to deposit before a rate change occurs, your Wakala Fixed Term Deposit account will open at that original rate.
Please ensure you log in and check your account during the funding process. Raisin will communicate to you any change in the expected profit rate (as set out above in accordance with the Trust Deposit Placement and Administration Agreement.
Expected Profit Rate
In the unlikely event that the advertised expected profit rate will not be met, (after you have opened your Wakala Fixed Term Deposit account), Raisin UK will contact you advising of the new expected profit rate. You will then have the option to accept the new expected profit rate or terminate your deposit immediately upon which Kuwait Finance House plc will return to you the original deposit with the accrued profit up to that date. Please also see refer to the Wakala Fixed Term Deposit Terms and Conditions for further information regarding when KFH may change the expected profit rate.
‘Make Good’ Offer
If your deposit amount returns a loss, Kuwait Finance House plc shall make good the amount of any shortfall that you may have suffered. You shall therefore be entitled to receive payment from Kuwait Finance House plc of the full amount that you had previously deposited. Note that there is no requirement for KFH to pay any form of profit to you under this "'Make Good' Offer".
In the unlikely event that a bank modifies its policies in a way that deviates from Sharia law, we will notify customers via email, offering them the option to opt out of the Make Good policy to maintain Sharia compliance.
We would like to draw your attention to the guidance offered by the Kuwait Finance House plc Shariah Supervisory Board. The guidance is that if Kuwait Finance House plc needs to make good the amount of any shortfall (set out above), this will not comply with Shariah principles.
What would the estimated balance be after 12 months based on a £1000 deposit?
The estimated balance after 12 months on a deposit of £1,000 is £1,048.90. This projection is for illustrative purposes only and does not take into account individual circumstances.
How do I open and manage my account?
To open this savings account, you must apply online through Raisin UK. Savings accounts at Raisin UK are only available through this online application process, and to be eligible to apply, you must
Be a UK resident who is aged 18 or over
Hold a UK bank or building society account from which you will fund your application
Have a valid mobile phone number and email address
Have a UK National Insurance Number
Your application acceptance will be subject to the successful completion of an Anti-Money Laundering/Know Your Customer (AML/KYC) checks.
The minimum amount you can deposit is £1,000 and the maximum amount you can deposit is £120,000 (per product and banking institution).
Please ensure you have read and understood all sets of Terms and Conditions before applying for this product.
You can manage your savings account through Raisin UK by logging into your Raisin UK Account. You can contact Raisin UK by telephone, by email or in writing by using the contact details provided in the Raisin UK Terms and Conditions.
Can I withdraw money?
Because this savings account is a fixed term deposit, withdrawals are not permitted before the maturity date, except if an account holder dies, becomes mentally incapacitated or bankrupt, or in any other exceptional circumstances agreed to by Kuwait Finance House PLC in its absolute discretion. This savings account does NOT operate on the basis that you can end the fixed term of your savings account prematurely and pay a fee to withdraw your funds sooner. Your savings account will not automatically renew at the end of the fixed term for a further fixed term.
Additional Information
As of the 22nd of August 2024, Kuwait Finance House PLC has converted to become a Shariah compliant entity and only offer Shariah-compliant products on the Raisin UK platform. Any products opened with Kuwait Finance House PLC prior to this date will continue to accrue interest until maturity and will not conform to the Shariah principles outlined in the current product summary box. The information specified in the product summary box presented during the order process, prior to 22nd of August 2024 will remain applicable and unchanged until maturity of the relevant Wakala fixed term deposits.
KFH reserves the right to withdraw this product from the Raisin platform by giving Raisin 48hours notice due to changes in market conditions.
Raisin Platforms Limited (RPL) will administer the deposit on your behalf.
Funds will be remitted to Kuwait Finance House PLC by RPL on the business day after they arrive in the RPL account. It can therefore take up to 2 business days for an ordered product to be set up and invested and start earning profit.
Islamic banking refers to any financial activity that complies with Shariah principles, reflecting the belief that exploitative gains, such as earning interest on money, are prohibited. Subsequently, Shariah compliant Wakala Fixed Term Deposit accounts use the money from deposits to invest and generate a profit, rather than pay an interest rate. There are no restrictions on who can apply for a Shariah compliant Wakala Fixed Term Deposit account.
If you have any questions relating to your account, please contact Raisin.
This product is protected by the Financial Services Compensation Scheme (FSCS), the UK’s deposit guarantee scheme.
As Kuwait Finance House PLC holds funds obtained via Raisin under a trust model, in the event of any Kuwait Finance House PLC default, funds can take up to three months to be returned, but in most cases will be returned sooner than this.
For further information about the compensation provided by the FSCS, refer to the FSCS website at www.FSCS.org.uk
The information provided is a summary of the key features of the Fixed Term Deposit and is not intended to be a substitute for reading the Terms and Conditions that apply to the account.
Raisin UK - Fixed Term Account
4.85% Gross / 4.85% AER.
AER is the Annual Equivalent Rate and represents what the interest rate would be if interest was realised and paid once each year.
AER is the Annual Equivalent Rate and represents what the expected profit rate would be if profit was realised and paid once each year. Profit is calculated daily, reinvested annually and is payable on maturity. Profit will be paid gross without prior deduction of tax.
Can AlRayan Bank change the profit rate?
Yes, but only with your consent, and only in exceptional circumstances.
The expected profit rate is agreed when you open your account. If we believe the expected profit rate will no longer be achieved, we will contact you in writing and ask whether you wish to continue with a revised expected profit rate.
If you do not agree to the revised expected profit rate, you can close your account without penalty. We will return your deposit together with all profit earned up to the date your account is closed.
Since AlRayan Bank was founded in 2004, this situation has never arisen.
What would the estimated balance be after 12 months based on a £1,000 deposit?
The estimated balance after 12 months on a deposit of £1,000 is £1,048.50.
This projection is for illustrative purposes only and does not take into account individual circumstances.
How do I open and manage my account?
To open this savings account, you must apply online through Raisin UK. Savings accounts at Raisin UK are only available through this online application process, and to be eligible to apply, you must:
Be a UK resident who is aged 18 or over
Hold a UK bank or building society account from which you will fund your application
Have a valid mobile phone number and email address
Have a UK National Insurance Number
Your application acceptance will be subject to the successful completion of Anti-Money Laundering/Know Your Customer (AML/KYC) checks.
The minimum amount you can deposit is £1,000, and the maximum amount you can deposit is £120,000 (per product and banking institution).
You can manage your savings account through Raisin UK by logging into your Raisin UK Account. You can contact Raisin UK by telephone, by email or in writing by using the contact details provided in the Raisin UK Terms & Conditions.
Please ensure you have read all sets of Terms and Conditions (AlRayan Bank Term Deposit Conditions, Raisin UK Terms & Conditions and Raisin Trust Raisin UK Deposit Terms and Conditions) before applying for this product. If you have any queries relating to any of the Terms and Conditions, please contact Raisin UK through your Raisin UK Account.
Can I withdraw money?
Because this savings account is a fixed term deposit, withdrawals are not permitted before the maturity date, except if an account holder dies or becomes bankrupt. This savings account does NOT operate on the basis that you can end the fixed term of your savings account prematurely and pay a fee to withdraw your funds sooner.
Additional Information
AlRayan Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Our Registered Office is AlRayan Bank PLC, 4 Stratford Place, London, W1C 1AT. Registered as a Limited Company in England and Wales No. 4483430.
Raisin Platforms Limited (RPL) will administer the deposit on your behalf as Bare Trustee in accordance with the Raisin Trust terms and conditions.
Funds will appear in RPL’s account by the following business day from funding your application at the latest. Funds will be remitted to AlRayan Bank by RPL on the next business day after arriving in the RPL account. It can therefore take up to 2 business days for an ordered product to be set up and start earning profit.
Please see the RPL Raisin UK Deposit Terms and Conditions for further details.
Shari’a banking, also known as Islamic banking, covers any financial activity that complies with Shari’a principles, reflecting the belief that exploitative gains, such as earning interest on money, are prohibited. Subsequently, Shari’a savings accounts use the money from deposits to invest and generate a profit, rather than an interest rate. There are no restrictions on who can apply for a Shari’a savings account.
Raisin UK - Fixed-Term Deposit
4.80 % Gross / AER is the Annual Equivalent Rate and represents what the interest rate would be if interest was realised and paid once each year.
Interest is calculated daily and is payable on maturity. Interest will be paid gross without prior deduction of tax.
Can Ziraat Bank change the interest rate?
The interest rate applicable to your savings account is fixed once your application is approved and you fund your account. The rate will stay the same throughout the duration of the fixed-term. Should the bank amend the rate advertised before you have fully transferred funds and the rate is lower than the rate you originally ordered, you will have 14 days to cancel your application, and your original deposit amount will be returned to your Transaction Account.
We will contact you if this occurs. Please note, for renewal orders the rate you will receive will be confirmed as the rate available 5 days before the date of maturity. Please see our FAQs for more information.
What would the estimated balance be after 12 months based on a £1000 deposit?
The estimated balance after 12 months on a deposit of £1,000 is £1,048.00. This projection is for illustrative purposes only and does not take into account individual circumstances.
How do I open and manage my account?
To open this savings account, you must apply online through Raisin UK. Savings accounts at Raisin UK are only available through this online application process, and to be eligible to apply, you must
Be a UK resident who is aged 18 or over
Hold a UK bank or building society account from which you will fund your application
Have a valid mobile phone number and email address
Have a UK National Insurance Number
Your application acceptance will be subject to the successful completion of an Anti-Money Laundering/Know Your Customer (AML/KYC) checks.
The minimum amount you can deposit is £1,000 and the maximum amount you can deposit is £120,000 (per product and banking institution).
Please ensure you have read and understood all sets of Terms and Conditions before applying for this product.
You can manage your savings account through Raisin UK by logging into your Raisin UK Account. You can contact Raisin UK by telephone, by email or in writing by using the contact details provided in the Raisin UK Terms and Conditions.
Can I withdraw money?
Because this savings account is a fixed-term deposit, withdrawals are not permitted before the maturity date, except in any exceptional circumstances agreed to by Ziraat Bank in its absolute discretion. This savings account does NOT operate on the basis that you can end the fixed-term of your savings account prematurely and pay a fee to withdraw your funds sooner.
Your savings account will not automatically renew at the end of the fixed-term for a further fixed-term.
Additional Information
Raisin Platforms Limited (RPL) will administer the deposit on your behalf. Funds will be remitted to Ziraat Bank by RPL on the business day after they arrive in the RPL account. It can therefore take up to 2 business days for an ordered product to be set up and start earning interest. If you have any questions relating to your account, please contact Raisin UK.
Raisin UK - 1 Year Fixed Term Account
4.71 % AER / Gross. AER is the Annual Equivalent Rate and represents what the interest rate would be if interest was realised and paid once each year.
AER is the Annual Equivalent Rate and represents what the interest rate would be if interest was realised and paid once each year.
Interest is calculated daily and is payable on maturity. Interest will be paid gross without prior deduction of tax.
Can Aldermore Bank Plc change the interest rate?
The interest rate applicable to your savings account is fixed once your application is approved and you fund your account. The rate will stay the same throughout the duration of the fixed term. Should the bank amend the rate advertised before you have fully transferred your funds and the rate is lower than the rate you originally ordered, we will automatically cancel your order. We will contact you if this occurs.
What would the estimated balance be after 12 months based on a £5,000 deposit?
The estimated balance after 12 months on a deposit of £5,000 is £5,235.50. This projection is for illustrative purposes only and does not take into account individual circumstances.
How do I open and manage my account?
To open this savings account, you must apply online through Raisin UK. Savings accounts at Raisin UK are only available through this online application process, and to be eligible to apply, you must
Be a UK resident who is aged 18 or over
Hold a UK bank or building society account from which you will fund your application
Have a valid mobile phone number and email address
Have a UK National Insurance Number
Your application acceptance will be subject to the successful completion of an Anti-Money Laundering/Know Your Customer (AML/KYC) checks.
The minimum amount you can deposit is £5,000 and the maximum amount you can deposit is £120,000 (per product and banking institution).
Please ensure you have read and understood all sets of Terms and Conditions before applying for this product.
You can manage your savings account through Raisin UK by logging into your Raisin UK Account. You can contact Raisin UK by telephone, by email or in writing by using the contact details provided in the Raisin UK Terms and Conditions.
Can I withdraw money?
Because this savings account is a fixed term deposit, withdrawals are not permitted before the maturity date, except in any exceptional circumstances agreed to by Aldermore Bank Plc in its absolute discretion. This savings account does NOT operate on the basis that you can end the fixed term of your savings account prematurely and pay a fee to withdraw your funds sooner.
Your savings account will not automatically renew at the end of the fixed term for a further fixed term.
Additional Information
Raisin Platforms Limited (RPL) will administer the deposit on your behalf. Funds will be remitted to Aldermore Bank Plc by RPL on the business day after they arrive in the RPL account. It can therefore take up to 2 business days for an ordered product to be set up and start earning interest. If you have any questions relating to your account, please contact Raisin UK.
Raisin UK - 3 Year Fixed-Term Savings Account
4.70 AER / Gross. AER is the Annual Equivalent Rate and represents what the interest rate would be if interest was realised and paid once each year.
Interest is calculated daily, compounded annually and is payable on maturity. Interest will be paid gross without prior deduction of tax.
Can RCI Bank change the interest rate?
The interest rate applicable to your savings account is fixed once your application is approved and you fund your account. The rate will stay the same throughout the duration of the fixed-term. Should the bank amend the rate advertised before you have fully transferred funds and the rate is lower than the rate you originally ordered, you will have 14 days to cancel your application, and your original deposit amount will be returned to your Transaction Account. We will contact you if this occurs.
What would the estimated balance be after 36 months based on a £1,000 deposit?
The estimated balance after 36 months on a deposit of £1,000 is £1,147.73. This projection is for illustrative purposes only and does not take into account individual circumstances.
How do I open and manage my account?
To open this savings account, you must apply online through Raisin UK. Savings accounts at Raisin UK are only available through this online application process, and to be eligible to apply, you must
Be a UK resident who is aged 18 or over
Hold a UK bank or building society account from which you will fund your application
Have a valid mobile phone number and email address
Have a UK National Insurance Number
Your application acceptance will be subject to the successful completion of an Anti-Money Laundering/Know Your Customer (AML/KYC) checks.
The minimum amount you can deposit is £1,000 and the maximum amount you can deposit is £95,000 (per product and banking institution).
Please ensure you have read and understood all sets of Terms and Conditions before applying for this product.
You can manage your savings account through Raisin UK by logging into your Raisin UK Account. You can contact Raisin UK by telephone, by email or in writing by using the contact details provided in the Raisin UK Terms and Conditions.
Can I withdraw money?
Because this savings account is a fixed-term deposit, withdrawals are not permitted before the maturity date, except in any exceptional circumstances agreed to by RCI Bank in its absolute discretion. This savings account does NOT operate on the basis that you can end the fixed-term of your savings account prematurely and pay a fee to withdraw your funds sooner.
Your savings account will not automatically renew at the end of the fixed-term for a further fixed-term.
Additional Information
Transfers of funds must be received within 60 calendar days (the funding window) of your savings account application date. Any funds received after this period will be held in your Raisin Account, awaiting your instruction.
Funds must be transferred to your Raisin Account from a UK bank or building society account in your name by electronic bank transfer only, and to the exact amount pledged when you applied for the savings account.
Typically, your funds will be remitted to RCI Bank by ClearBank once the bank has confirmed your application. Depending on how your funds are transferred and the bank’s processes it can typically take up to 2 days for an ordered account to be set up and start earning interest.
Raisin UK - Fixed-Term Deposit
4.70% Gross / 4.70% AER.
AER is the Annual Equivalent Rate and represents what the interest rate would be if interest was realised and paid once each year.
Interest is calculated daily and is payable on maturity. Interest will be paid gross without prior deduction of tax.
Can UBL UK change the interest rate?
The interest rate applicable to your savings account is fixed once your application is approved and you fund your account. The rate will stay the same throughout the duration of the fixed term. Should UBL UK amend the rate advertised before you have fully transferred funds and the rate is lower than the rate you originally ordered, we will automatically cancel your order. We will contact you if this occurs.
What would the estimated balance be after 12 months based on a £2,000 deposit?
The estimated balance after 12 months on a deposit of £2,000 is £2,094.00. This projection is for illustrative purposes only and does not take into account individual circumstances.
How do I open and manage my account?
To open this savings account, you must apply online through Raisin UK. Savings accounts at Raisin UK are only available through this online application process, and to be eligible to apply, you must
Be a UK resident who is aged 18 or over
Hold a UK bank or building society account from which you will fund your application
Have a valid mobile phone number and email address
Have a UK National Insurance Number
Your application acceptance will be subject to the successful completion of an Anti-Money Laundering/Know Your Customer (AML/KYC) checks.
The minimum amount you can deposit is £2,000 and the maximum amount you can deposit is £120,000 (per product and banking institution).
Please ensure you have read and understood all sets of Terms and Conditions before applying for this product.
You can manage your savings account through Raisin UK by logging into your Raisin UK Account. You can contact Raisin UK by telephone, by email or in writing by using the contact details provided in the Raisin UK Terms and Conditions.
Can I withdraw money?
Because this savings account is a fixed term deposit, withdrawals are not permitted before the maturity date, except if an account holder dies, becomes mentally incapacitated or bankrupt, or in any other exceptional circumstances agreed to by UBL UK in its absolute discretion. This savings account does NOT operate on the basis that you can end the fixed term of your savings account prematurely and pay a fee to withdraw your funds sooner. Your savings account will not automatically renew at the end of the fixed term for a further fixed term.
Additional Information
Raisin Platforms Limited (RPL) will administer the deposit on your behalf. Funds will be remitted to UBL UK by RPL on the business day after they arrive in the RPL account. It can therefore take up to 2 business days for an ordered product to be set up and start earning interest. If you have any questions relating to your account, please contact Raisin UK.
Raisin UK - Easy Access Account
What is the interest rate?
4.60% AER \ Gross
AER is the Annual Equivalent Rate and represents what the interest rate would be if interest was realised and paid once each year.
Interest is calculated daily and is payable on maturity. Interest will be paid gross without prior deduction of tax.
Interest will be calculated from the start date of your savings account.
Can Investec change the interest rate?
The interest rate applicable to your savings account is fixed once your application is approved and you fund your account. The rate will stay the same throughout the duration of the fixed term. Should the bank amend the rate advertised before you have fully transferred funds and the rate is lower than the rate you originally ordered, we will automatically cancel your order. We will contact you if this occurs.
What would the estimated balance be after 12 months based on a £1,000 deposit?
The estimated balance after 12 months on a deposit of £1,000 is £1,046.00. This projection is for illustrative purposes only and does not take into account individual circumstances.
How do I open and manage my account?
To open this savings account, you must apply online through Raisin UK. Savings accounts at Raisin UK are only available through this online application process, and to be eligible to apply, you must
Be a UK resident who is aged 18 or over
Hold a UK bank or building society account from which you will fund your application
Have a valid mobile phone number and email address
Have a UK National Insurance Number
Your application acceptance will be subject to the successful completion of an Anti-Money Laundering/Know Your Customer (AML/KYC) checks.
The minimum amount you can deposit is £1,000 and the maximum amount you can deposit is £120,000 (per product and banking institution).
Please ensure you have read and understood all sets of Terms and Conditions before applying for this product.
You can manage your savings account through Raisin UK by logging into your Raisin UK Account. You can contact Raisin UK by telephone, by email or in writing by using the contact details provided in the Raisin UK Terms and Conditions.
Can I withdraw money?
Because this savings account is a fixed term deposit, withdrawals are not permitted before the maturity date, except if an account holder dies, becomes mentally incapacitated or bankrupt, or in any other exceptional circumstances agreed to by Investec in its absolute discretion. This savings account does NOT operate on the basis that you can end the fixed term of your savings account prematurely and pay a fee to withdraw your funds sooner. Your savings account will not automatically renew at the end of the fixed term for a further fixed term.
Additional Information
Raisin Platforms Limited (RPL) will administer the deposit on your behalf. Funds will be remitted to Investec by RPL on the business day after they arrive in the RPL account. It can therefore take up to 2 business days for an ordered product to be set up and start earning interest. If you have any questions relating to your account, please contact Raisin UK.
Raisin UK - Fixed Term Account
4.70% Gross / 4.70% AER.
AER is the Annual Equivalent Rate and represents what the interest rate would be if interest was realised and paid once each year.
Interest is calculated daily, compounded annually, and is payable on maturity. Interest will be paid gross without prior deduction of tax.
Can Atom Bank PLC change the interest rate?
The interest rate applicable to your Fixed Term Deposit is fixed once you fund your Raisin UK Account and Atom Bank PLC approves your application.The interest rate will stay the same throughout the duration of the fixed term. Should Atom Bank PLC amend the interest rate applicable to your Fixed Term Deposit before you have fully transferred funds to your Raisin UK Account, and the amended interest rate is lower than the interest rate you originally ordered, you will have 14 days to cancel your application, and your original deposit amount will be returned to your Transaction Account. We will contact you if this occurs.
What would the estimated balance be after 36 months based on a £1,000 deposit?
The estimated balance after 36 months on a deposit of £1,000 is £1,147.73. This projection is for illustrative purposes only and does not take into account individual circumstances.
How do I open and manage my account?
To open this savings account, you must apply online through Raisin UK. Savings accounts at Raisin UK are only available through this online application process, and to be eligible to apply, you must
Be a UK resident who is aged 18 or over
Hold a UK bank or building society account from which you will fund your application
Have a valid mobile phone number and email address
Have a UK National Insurance Number
Your application acceptance will be subject to the successful completion of an Anti-Money Laundering/Know Your Customer (AML/KYC) checks.
The minimum amount you can deposit is £1,000 and the maximum amount you can deposit is £120,000 (per product and banking institution).
Please ensure you have read and understood all sets of Terms and Conditions before applying for this product.
You can manage your savings account through Raisin UK by logging into your Raisin UK Account. You can contact Raisin UK by telephone, by email or in writing by using the contact details provided in the Raisin UK Terms and Conditions.
Can I withdraw money?
Because this savings account is a fixed term deposit, withdrawals are not permitted before the maturity date, except if an account holder dies, becomes mentally incapacitated or bankrupt, or in any other exceptional circumstances agreed to by Atom Bank PLC in its absolute discretion. This savings account does NOT operate on the basis that you can end the fixed term of your savings account prematurely and pay a fee to withdraw your funds sooner. Your savings account will not automatically renew at the end of the fixed term for a further fixed term.
Additional Information
Raisin Platforms Limited (RPL) will administer the deposit on your behalf. Funds will be remitted to Atom Bank PLC by RPL on the business day after they arrive in the RPL account. It can therefore take up to 2 business days for an ordered product to be set up and start earning interest. If you have any questions relating to your account, please contact Raisin UK.
Raisin UK - Fixed Term Account
4.50% Gross / 4.50% AER.
AER is the Annual Equivalent Rate and represents what the interest rate would be if interest was realised and paid once each year.
Interest is calculated daily and is payable on maturity. Interest will be paid gross without prior deduction of tax.
Can Atom Bank PLC change the interest rate?
The interest rate applicable to your Fixed Term Deposit is fixed once you fund your Raisin UK Account and Atom Bank PLC approves your application. The interest rate will stay the same throughout the duration of the fixed term. Should Atom Bank PLC amend the interest rate applicable to your Fixed Term Deposit before you have fully transferred funds to your Raisin UK Account, and the amended interest rate is lower than the interest rate you originally ordered, you will have 14 days to cancel your application, and your original deposit amount will be returned to your Transaction Account. We will contact you if this occurs.
What would the estimated balance be after 12 months based on a £1,000 deposit?
The estimated balance after 12 months on a deposit of £1,000 is £1,045.00. This projection is for illustrative purposes only and does not take into account individual circumstances.
How do I open and manage my account?
To open this savings account, you must apply online through Raisin UK. Savings accounts at Raisin UK are only available through this online application process, and to be eligible to apply, you must
Be a UK resident who is aged 18 or over
Hold a UK bank or building society account from which you will fund your application
Have a valid mobile phone number and email address
Have a UK National Insurance Number
Your application acceptance will be subject to the successful completion of an Anti-Money Laundering/Know Your Customer (AML/KYC) checks.
The minimum amount you can deposit is £1,000 and the maximum amount you can deposit is £120,000 (per product and banking institution).
Please ensure you have read and understood all sets of Terms and Conditions before applying for this product.
You can manage your savings account through Raisin UK by logging into your Raisin UK Account. You can contact Raisin UK by telephone, by email or in writing by using the contact details provided in the Raisin UK Terms and Conditions.
Can I withdraw money?
Because this savings account is a fixed term deposit, withdrawals are not permitted before the maturity date, except if an account holder dies, becomes mentally incapacitated or bankrupt, or in any other exceptional circumstances agreed to by Atom Bank PLC in its absolute discretion. This savings account does NOT operate on the basis that you can end the fixed term of your savings account prematurely and pay a fee to withdraw your funds sooner. Your savings account will not automatically renew at the end of the fixed term for a further fixed term.
Additional Information
Raisin Platforms Limited (RPL) will administer the deposit on your behalf. Funds will be remitted to Atom Bank PLC by RPL on the business day after they arrive in the RPL account. It can therefore take up to 2 business days for an ordered product to be set up and start earning interest. If you have any questions relating to your account, please contact Raisin UK.
Raisin UK - Fixed Term Deposit
What is the interest rate?
4.50 % AER/ 4.50 % Gross
AER is the Annual Equivalent Rate and represents what the interest rate would be if interest was realised and paid once each year.
[Interest is calculated daily and paid annually back to your Raisin UK account. Interest will be paid gross without prior deduction of tax].
Can Perenna Bank change the interest rate?
The interest rate applicable to your savings account is fixed once your application is approved and you fund your account. The rate will stay the same throughout the duration of the fixed term. Should the bank amend the rate advertised before you have fully transferred funds and the rate is lower than the rate you originally ordered, you will have 14 days to cancel your application, and your original deposit amount will be returned to your Transaction Account. Will contact you if this occurs.
What would the estimated balance be after 24 months based on a £1,000 deposit?
The estimated balance after 24 months on a deposit of £1,000 is £1,090.00. This projection is for illustrative purposes only and does not take into account individual circumstances.
How do I open and manage my account?
To open this savings account, you must apply online through Raisin UK. Savings accounts at Raisin UK are only available through this online application process, and to be eligible to apply, you must
Be a UK resident who is aged 18 or over
Hold a UK bank or building society account from which you will fund your application
Have a valid mobile phone number and email address
Have a UK National Insurance Number
Your application acceptance will be subject to the successful completion of an Anti-Money Laundering/Know Your Customer (AML/KYC) checks.
The minimum amount you can deposit is £1,000 and the maximum amount you can deposit is £120,000 (per product and banking institution).
Please ensure you have read and understood all sets of Terms and Conditions before applying for this product.
You can manage your savings account through Raisin UK by logging into your Raisin UK Account. You can contact Raisin UK by telephone, by email or in writing by using the contact details provided in the Raisin UK Terms and Conditions.
Can I withdraw money?
Because this savings account is a fixed term deposit, withdrawals are not permitted before the maturity date, except in any exceptional circumstances agreed to by Perenna Bank PLC in its absolute discretion. This savings account does NOT operate on the basis that you can end the fixed term of your savings account prematurely and pay a fee to withdraw your funds sooner.
[Your savings account will not automatically renew at the end of the fixed term for a further fixed term].
Additional Information
Raisin Platforms Limited (RPL) will administer the deposit on your behalf as Bare Trustee in accordance with the Raisin Trust terms and conditions.
Funds will be remitted to Perenna Bank by RPL on the next business day after arriving in the RPL account. It can take up to 2 business days for an ordered product to be set up and start earning interest.
Raisin UK - Fixed-Term Deposit
4.45 % AER / 4.55 % Gross. AER is the Annual Equivalent Rate and represents what the interest rate would be if interest was realised and paid once each year.
Interest is calculated daily and is payable on maturity. Interest will be paid gross without prior deduction of tax.
Can BACB change the interest rate?
The interest rate applicable to your Fixed-Term Deposit is fixed once you fund your Raisin UK Account and BACB approves your application. The interest rate will stay the same throughout the duration of the fixed-term. Should BACB amend the interest rate applicable to your Fixed-Term Deposit before you have fully transferred funds to your Raisin UK Account, and the amended interest rate is lower than the interest rate you originally ordered, you will have 14 days to cancel your application, and your original deposit amount will be returned to your Transaction Account. We will contact you if this occurs.
What would the estimated balance be after 24 months based on a £1,000 deposit?
The estimated balance after 24 months on a deposit of £1,000 is 1,091.00. This projection is for illustrative purposes only and does not take into account individual circumstances.
How do I open and manage my account?
To open this savings account, you must apply online through Raisin UK. Savings accounts at Raisin UK are only available through this online application process, and to be eligible to apply, you must
Be a UK resident who is aged 18 or over
Hold a UK bank or building society account from which you will fund your application
Have a valid mobile phone number and email address
Have a UK National Insurance Number
Your application acceptance will be subject to the successful completion of an Anti-Money Laundering/Know Your Customer (AML/KYC) checks.
The minimum amount you can deposit is £1,000 and the maximum amount you can deposit is £120,000 (per product and banking institution).
Please ensure you have read and understood all sets of Terms and Conditions before applying for this product.
You can manage your savings account through Raisin UK by logging into your Raisin UK Account. You can contact Raisin UK by telephone, by email or in writing by using the contact details provided in the Raisin UK Terms and Conditions.
Can I withdraw money?
You have the right to close this Fixed-Term Deposit without charge and without giving any reason within 14 calendar days from the day it is opened. After these 14 days, withdrawals are not permitted before the maturity date, except if an account holder dies, becomes mentally incapacitated or bankrupt, or in any other exceptional circumstances agreed to by the bank in its absolute discretion. This savings account does NOT operate on the basis that you can end the fixed-term of your savings account prematurely and pay a fee to withdraw your funds sooner. Your savings account will not automatically renew at the end of the fixed-term for a further fixed-term.
Additional Information
Raisin Platforms Limited (RPL) will administer the deposit on your behalf.
Funds will appear in RPL's account by the following business day from funding your application at the latest. Funds will be remitted to BACB by RPL on the next business day after arriving in the RPL account. It can therefore take up to 2 business days for an ordered product to be set up and start earning interest.
Raisin UK - Fixed-Term Deposit
4.20% AER (paid as 3.90% gross). AER is the Annual Equivalent Rate and represents what the interest rate would be if interest was realised and paid once each year.
Interest is calculated daily, compounded annually and is payable on maturity. Interest will be paid gross without prior deduction of tax.
Can Furness Building Society change the interest rate?
The interest rate applicable to your savings account is fixed once your application is approved and you fund your account. The rate will stay the same throughout the duration of the fixed-term. Should the bank amend the rate advertised before you have fully transferred funds and the rate is lower than the rate you originally ordered, we will automatically cancel your order. We will contact you if this occurs.
What would the estimated balance be after 24 months based on a £1,000 deposit?
The estimated balance after 24 months on a deposit of £1,000 is £1,085.76.
This projection is for illustrative purposes only and does not take into account individual circumstances.
How do I open and manage my account?
To open this savings account, you must apply online through Raisin UK. Savings accounts at Raisin UK are only available through this online application process, and to be eligible to apply, you must
Be a UK resident who is aged 18 or over
Hold a UK bank or building society account from which you will fund your application
Have a valid mobile phone number and email address
Have a UK National Insurance Number
Your application acceptance will be subject to the successful completion of an Anti-Money Laundering/Know Your Customer (AML/KYC) checks.
The minimum amount you can deposit is £1,000 and the maximum amount you can deposit is £120,000 (per product and banking institution).
Please ensure you have read and understood all sets of Terms and Conditions before applying for this product.
You can manage your savings account through Raisin UK by logging into your Raisin UK Account. You can contact Raisin UK by telephone, by email or in writing by using the contact details provided in the Raisin UK Terms and Conditions.
Can I withdraw money?
Because this savings account is a fixed-term deposit, withdrawals are not permitted before the maturity date, except if an account holder dies, becomes mentally incapacitated or bankrupt, or in any other exceptional circumstances agreed to by Furness Building Society in its absolute discretion. This savings account does NOT operate on the basis that you can end the fixed-term of your savings account prematurely and pay a fee to withdraw your funds sooner. Your savings account will not automatically renew at the end of the fixed-term for a further fixed-term.
Additional Information
Raisin Platforms Limited (RPL) will administer the deposit on your behalf. Funds will be remitted to Furness Building Society by RPL on the business day after they arrive in the RPL account. It can therefore take up to 2 business days for an ordered product to be set up and start earning interest. If you have any questions relating to your account, please contact Raisin UK.
Raisin UK - 95 Day Notice Account
4.16 % AER / 4.08 % Gross. AER is the Annual Equivalent Rate and represents what the profit rate would be if profit was realised and paid once each year.
Accrued interest is calculated daily and paid gross without prior deduction of tax.
Interest is credited monthly on the last day of each month and paid to you on termination of your savings product.
Can UBL UK change the interest rate?
The interest rate applicable to your deposit is variable.
Should the bank set a date to lower the interest rate, you will be given a minimum of 95 days’ notice. You may receive less notice if the rate increases.
Please review the Raisin Trust Terms and Conditions for more information.
What would the estimated balance be after 12 months based on a £2,000 deposit?
The estimated balance after 12 months on a deposit of £2,000 is £2,081.60. This projection is for illustrative purposes only and does not take into account individual circumstances.
How do I open and manage my account?
To open this savings account, you must apply online through Raisin UK. Savings accounts at Raisin UK are only available through this online application process, and to be eligible to apply, you must:
Be a UK resident who is aged 18 or over
Hold a UK bank or building society account from which you will fund your application
Have a valid mobile phone number and email address
Have a UK National Insurance Number
Your application acceptance will be subject to the successful completion of Anti-Money Laundering/Know Your Customer (AML/KYC) check.
The minimum amount you can deposit is £2,000, and the maximum amount you can deposit is £120,000 (per product and banking institution).
You can manage your savings account through Raisin UK by logging into your Raisin UK Account. You can contact Raisin UK by telephone, by email or in writing by using the contact details provided in the Raisin UK Terms & Conditions.
Please ensure you have read and understood all sets of Terms and Conditions before applying for this product.
Can I withdraw money?
You may withdraw the full deposit amount only. This will be subject to a 95 day notice period. You are unable to add to the initial deposit or make partial withdrawals. Please see Raisin Trust Terms and Conditions for more information. If termination is received on a non business day (either weekend or public Holiday), the notice period will start from next business day. Once notice has been given it can’t be revoked. If a termination falls on a non-business day, then payment will be made on the next business day and interest will be paid for the additional days. e.g. If a notice account terminates on a Saturday and funds are returned on the Monday, interest will be paid for the intervening Sunday.
Additional Information
Raisin Platforms Limited (RPL), will administer the deposit on your behalf.
Funds will appear in RPL's account by the following business day from funding your application at the latest. Funds will be remitted to UBL UK by RPL on the next business day after arriving in the RPL account. It can therefore take up to 2 business days for an ordered product to be set up and start earning interest.
You have the right to cancel your account without charge and without giving any reason, within 14 calendar days from the day of opening this savings account. For further information, please refer to clauses 3.5 and 3.6 of the Raisin Trust Terms and Conditions.
Raisin UK - 31 Day Notice Account
4.15% AER / 4.07% Gross. AER is the Annual Equivalent Rate and represents what the profit rate would be if profit was realised and paid once each year.
Profit is calculated daily, re-invested monthly and paid gross without prior deduction of tax. This means that there will be no income tax deductions from the profit payments you receive on your QIB (UK) deposit.
Any profit made will be paid on termination of the savings product.
Can QIB (UK) change the profit rate?
The profit rate applicable to your deposit is variable.
Should the bank set a date to lower the profit rate, you will be given a minimum of 31 days’ notice. You may receive less notice if the rate increases.
'Make Good Offer’
If your original deposit amount returns a loss, QIB (UK) shall make good the amount of any shortfall that you may have suffered. You shall therefore be entitled to receive payment from QIB (UK) of the full amount that you had previously deposited. Note that there is no requirement for QIB (UK) to pay any form of profit to you under this "'Make Good' Offer".
In the unlikely event that a bank modifies its policies in a way that deviates from Sharia law, we will notify customers via email, offering them the option to opt out of the Make Good policy to maintain Sharia compliance.
We would like to draw your attention to the guidance offered by the QIB (UK) Shari’a Supervisory Board. The guidance is that if QIB (UK) needs to make good the amount of any shortfall (set out above), this will not comply with Shari’a principles.
What would the estimated balance be after 12 months based on a £1,000 deposit?
The estimated balance after 12 months on a deposit of £1,000 is £1,038.98. This projection is for illustrative purposes only and does not take into account individual circumstances.
How do I open and manage my account?
To open this savings account, you must apply online through Raisin UK. Savings accounts at Raisin UK are only available through this online application process, and to be eligible to apply, you must:
Be a UK resident who is aged 18 or over
Hold a UK bank or building society account from which you will fund your application
Have a valid mobile phone number and email address
Have a UK National Insurance Number
Your application acceptance will be subject to the successful completion of Anti-Money Laundering/Know Your Customer (AML/KYC) check.
The minimum amount you can deposit is £1,000, and the maximum amount you can deposit is £120,000 (per product and banking institution).
You can manage your savings account through Raisin UK by logging into your Raisin UK Account. You can contact Raisin UK by telephone, by email or in writing by using the contact details provided in the Raisin UK Terms & Conditions.
Please ensure you have read all sets of Terms and Conditions before applying for this product (QIB Notice Account Deposit Conditions, Raisin UK Terms & Conditions and Raisin Trust Deposit Terms and Conditions). If you have any queries relating to the Terms and Conditions, please contact Raisin UK through your Raisin UK Account.
Can I withdraw money?
You may withdraw the full deposit amount only. This will be subject to a 31 day notice period. You are unable to add to the initial deposit or make partial withdrawals.
Your notice of termination will start on the business day after you give notice via your account with Raisin UK (Please see the Raisin UK Terms & Conditions for further details of how to submit a termination notice). Once notice of termination has been given it can’t be revoked.
If a termination falls on a non-business day, then payment will be made on the next business day and profit will be paid for the additional days. e.g. If a notice account terminates on a Saturday and funds are returned on the Monday, profit will be paid for the intervening Sunday.
Additional Information
Raisin Platforms Limited (RPL), will administer the deposit on your behalf.
Funds will appear in RPL's account by the following business day from funding your application at the latest. Funds will be remitted to QIB (UK) by RPL on the next business day after arriving in the RPL account. It can therefore take up to 2 business days for an ordered product to be set up and start earning profit.
Please see the Raisin Trust Deposit Terms and Conditions for further details.
You have the right to cancel your account without charge and without giving any reason, within 14 calendar days from the day of opening this savings account. For further information, please refer to clauses 3.5 and 3.6 of the Raisin Trust Terms and Conditions.
Shari’a banking, also known as Islamic banking, covers any financial activity that complies with Shari’a principles, reflecting the belief that exploitative gains, such as earning interest on money, are prohibited. Subsequently, Shari’a savings accounts use the money from deposits to invest and generate a profit, rather than an interest rate. There are no restrictions on who can apply for a Shari’a savings account.
Raisin UK - 95 Day Notice Account
4.13 % AER / 4.05 % Gross. AER is the Annual Equivalent Rate and represents what the profit rate would be if profit was realised and paid once each year.
Interest is calculated daily, credited and compounded monthly, and paid on termination of the savings product.
Can Aldermore Bank Plc change the interest rate?
The interest rate applicable to your deposit is variable.
Should the bank set a date to lower the interest rate, you will be given a minimum of 95 days’ notice. You may receive less notice if the rate increases.
Please review the Raisin Trust Terms and Conditions for more information.
What would the estimated balance be after 12 months based on a £5,000 deposit?
The estimated balance after 12 months on a deposit of £5,000 is £5,206.30. This projection is for illustrative purposes only and does not take into account individual circumstances.
How do I open and manage my account?
To open this savings account, you must apply online through Raisin UK. Savings accounts at Raisin UK are only available through this online application process, and to be eligible to apply, you must:
Be a UK resident who is aged 18 or over
Hold a UK bank or building society account from which you will fund your application
Have a valid mobile phone number and email address
Have a UK National Insurance Number
Your application acceptance will be subject to the successful completion of Anti-Money Laundering/Know Your Customer (AML/KYC) check.
The minimum amount you can deposit is £5,000, and the maximum amount you can deposit is £120,000 (per product and banking institution).
You can manage your savings account through Raisin UK by logging into your Raisin UK Account. You can contact Raisin UK by telephone, by email or in writing by using the contact details provided in the Raisin UK Terms & Conditions.
Please ensure you have read and understood all sets of Terms and Conditions before applying for this product.
Can I withdraw money?
You may withdraw the full deposit amount only. This will be subject to a 95 day notice period. You are unable to add to the initial deposit or make partial withdrawals. Please see Raisin Trust Terms and Conditions for more information.If termination is received on a non business day (either weekend or public Holiday), the notice period will start from next business day. Once notice has been given it can’t be revoked.If a termination falls on a non-business day, then payment will be made on the next business day and interest will be paid for the additional days. e.g. If a notice account terminates on a Saturday and funds are returned on the Monday, interest will be paid for the intervening Sunday.
Additional Information
Raisin Platforms Limited (RPL), will administer the deposit on your behalf.
Funds will appear in RPL's account by the following business day from funding your application at the latest. Funds will be remitted to Aldermore Bank Plc by RPL on the next business day after arriving in the RPL account. It can therefore take up to 2 business days for an ordered product to be set up and start earning interest.
You have the right to cancel your account without charge and without giving any reason, within 14 calendar days from the day of opening this savings account. For further information, please refer to clauses 3.5 and 3.6 of the Raisin Trust Terms and Conditions.
Raisin UK - Fixed-Term Deposit
4.06 % AER / 4.31 % Gross. AER is the Annual Equivalent Rate and represents what the interest rate would be if interest was realised and paid once each year.
Interest is calculated from the start date and is paid on maturity. Interest will be paid gross without prior deduction of tax.
Interest will be calculated from the start date of your savings account.
Can UBL UK change the interest rate?
The interest rate applicable to your savings account is fixed once your application is approved and you fund your account. The rate will stay the same throughout the duration of the fixed-term. Should UBL UK amend the rate advertised before you have fully transferred funds and the rate is lower than the rate you originally ordered, we will automatically cancel your order. We will contact you if this occurs.
Please note, for renewal orders the rate you will receive will be confirmed as the rate available 5 days before the date of maturity. Please see our FAQs for more information.
What would the estimated balance be after 48 months based on a £2,000 deposit?
The estimated balance after 48 months on a deposit of £2,000 is £2,344.80. This projection is for illustrative purposes only and does not take into account individual circumstances.
How do I open and manage my account?
To open this savings account, you must apply online through Raisin UK. Savings accounts at Raisin UK are only available through this online application process, and to be eligible to apply, you must
Be a UK resident who is aged 18 or over
Hold a UK bank or building society account from which you will fund your application
Have a valid mobile phone number and email address
Have a UK National Insurance Number
Your application acceptance will be subject to the successful completion of an Anti-Money Laundering/Know Your Customer (AML/KYC) checks.
The minimum amount you can deposit is £2,000 and the maximum amount you can deposit is £120,000 (per product and banking institution).
Please ensure you have read and understood all sets of Terms and Conditions before applying for this product.
You can manage your savings account through Raisin UK by logging into your Raisin UK Account. You can contact Raisin UK by telephone, by email or in writing by using the contact details provided in the Raisin UK Terms and Conditions.
Please ensure you have read and understood all sets of Terms and Conditions before applying for this product.
You can choose to renew your account at any time once it is open (if the option is available). If the renewal rate decreases before your maturity date, we will revoke your order, and contact you to ask you to opt back in to the new rate. If the rate increases, your product renewal request will remain unchanged. Please see our FAQs for more information.
Can I withdraw money?
Because this savings account is a fixed-term deposit, withdrawals are not permitted before the maturity date, except in any exceptional circumstances agreed to by UBL UK in its absolute discretion. This savings account does NOT operate on the basis that you can end the fixed-term of your savings account prematurely and pay a fee to withdraw your funds sooner.
Your savings account will not automatically renew at the end of the fixed-term for a further fixed-term.
Additional information
Raisin Platforms Limited (RPL) will administer the deposit on your behalf. Please note that you do not have a direct account with UBL UK but your deposit is held by them in a trust account opened by RPL for the benefit of you and other depositors.
Funds will be remitted to UBL UK by RPL on the business day after they arrive in the RPL account. It can therefore take up to 2 business days for an ordered product to be set up and start earning interest.
UBL UK reserves the right to close your account without any notice if we reasonably believe you have broken any terms of the product agreement. This includes but is not limited to, breaking laws / regulations, being engaged in financial crime, providing false information and committing any illegal activity (see UBL UK Personal Banking Terms and Conditions for further information available at www.ubluk.com).
Raisin UK - Easy Access Account
4.05 % AER / 3.98 % Gross. AER is the Annual Equivalent Rate and represents what the interest rate would be if interest was realised and paid once each year.
Interest is calculated daily, compounded monthly and paid gross without prior deduction of tax.
Can Atom Bank PLC change the interest rate?
The interest rate applicable to your deposit is variable. Should the bank set a date to lower the interest rate, you will be given a minimum of 14 days’ notice. You may receive less notice if the rate increases. Please review the Raisin Trust Terms and Conditions for more information.
What would the estimated balance be after 12 months based on a £100 deposit?
The estimated balance after 12 months on a deposit of £100 is £140.53 This projection is for illustrative purposes only and does not take into account individual circumstances.
How do I open and manage my account?
To open this savings account, you must apply online through Raisin UK. Savings accounts at Atom Bank PLC are only available through this online application process, and to be eligible to apply, you must:
Be a UK resident who is aged 18 or over
Hold a UK bank or building society account from which you will fund your application
Have a valid mobile phone number and email address
Have a UK National Insurance Number
Your application acceptance will be subject to the successful completion of an Anti-Money Laundering/Know Your Customer (AML/KYC) check.
The minimum amount you can open and operate this account with is £100.
You can top up your account with the minimum amount of £100 per transaction and the maximum balance you can have is £120,000 (per product and banking institution).
You can manage your savings account through Raisin UK by logging into your Raisin UK Account. You can contact Raisin UK by telephone, by email or in writing by using the contact details provided in the Terms & Conditions.
Please ensure you have read and understood all sets of Terms and Conditions before applying for this product.
Can I withdraw money?
Yes. There is no limit to the amount of withdrawals you can make; however, you are unable to withdraw less than £100 in a single withdrawal transaction and a withdrawal will not be authorised if it leaves your balance below £100. To withdraw below your minimum balance you may close your account at any time by requesting closure from within Raisin UK.
If a closure request is received on a non business day (either weekend or public Holiday), the request will be initiated on the next business day.
Once closure has been requested it can’t be revoked.
Additional Information
Raisin Platforms Limited (RPL), will administer the deposit on your behalf.
Funds will appear in RPL's account by the following business day from funding your application at the latest. Funds will be remitted to Atom Bank PLC by RPL on the next business day after arriving in the RPL account.
It can therefore take up to 2 business days for an ordered product to be set up and start earning interest, and up to 2 business days for withdrawals and closures to be processed and funds received back in your Raisin UK account.
You have the right to cancel your account without charge and without giving any reason, within 14 calendar days from the day of opening this savings account. For further information, please refer to clauses 3.5 and 3.6 of the Raisin Trust Terms and Conditions.
Raisin UK - Easy Access Account
3.97% AER / 3.90% Gross. AER is the Annual Equivalent Rate and represents what the interest rate would be if interest was realised and paid once each year.
Accrued interest is calculated daily, compounded monthly and paid gross without prior deduction of tax. Interest is credited monthly on the last day of each month.
What would the estimated balance be after 12 months based on a £5,000 deposit?
The estimated balance after 12 months on a deposit of £5,000 is £5,198.52. This projection is for illustrative purposes only and does not take into account individual circumstances.
Can Aldermore Bank Plc change the interest rate?
The interest rate applicable to your deposit is variable.
Should the bank set a date to lower the interest rate, you will be given a minimum of 14 days' notice. You may receive less if the rate increases.
How do I open and manage my account?
To open this savings account, you must apply online through Raisin UK. Savings accounts at Aldermore Bank Plc are only available through this online application process, and to be eligible to apply, you must:
Be a UK resident who is aged 18 or over
Hold a UK bank or building society account from which you will fund your application
Have a valid mobile phone number and email address
Have a UK National Insurance Number
Your application acceptance will be subject to the successful completion of an Anti-Money Laundering/Know Your Customer (AML/KYC) check.
The minimum amount you can open and operate this account with is £5,000.
You can top up your account with the minimum amount of £500 per transaction and the maximum balance you can have is £120,000 (per product and banking institution).
You can manage your savings account through Raisin UK by logging into your Raisin UK Account. You can contact Raisin UK by telephone, by email or in writing by using the contact details provided in the Terms & Conditions.
Please ensure you have read and understood all sets of Terms and Conditions before applying for this product.
Can I withdraw money?
Raisin Platforms Limited (RPL), will administer the deposit on your behalf.
Funds will appear in RPL's account by the following business day from funding your application at the latest. Funds will be remitted to Aldermore Bank Plc by RPL on the next business day after arriving in the RPL account.
There is no limit to the amount of withdrawals you can make; however, you are unable to withdraw less than £500 in a single withdrawal transaction and a withdrawal will not be authorised if it leaves your balance below £5,000. To withdraw below your minimum balance you may close your account at any time by requesting closure from within your customer portal.
It can therefore take up to 2 business days for an ordered product to be set up and start earning interest, and up to 2 business days for withdrawals and closures to be processed and funds received back in your Raisin UK account.
You have the right to cancel your account without charge and without giving any reason, within 14 calendar days from the day of opening this savings account. For further information, please refer to clauses 3.5 and 3.6 of the Raisin Trust Terms and Conditions.
Additional Information
Raisin Platforms Limited (RPL), will administer the deposit on your behalf.
Funds will appear in RPL's account by the following business day from funding your application at the latest. Funds will be remitted to Aldermore Bank Plc by RPL on the next business day after arriving in the RPL account.
It can therefore take up to 2 business days for an ordered product to be set up and start earning interest, and up to 2 business days for withdrawals and closures to be processed and funds received back in your Raisin UK account.
You have the right to cancel your account without charge and without giving any reason, within 14 calendar days from the day of opening this savings account. For further information, please refer to clauses 3.5 and 3.6 of the Raisin Trust Terms and Conditions.
Raisin UK - Easy Access Account
3.75% AER / 3.69% Gross. AER is the Annual Equivalent Rate and represents what the interest rate would be if interest was realised and paid once each year.
Accrued interest is calculated daily, compounded monthly and paid gross without prior deduction of tax.
Interest is credited monthly on the last day of each month.
Can LHV Bank Limited change the interest rate?
The interest rate applicable to your deposit is variable.
Should the bank set a date to lower the interest rate, you will be given a minimum of 14 days' notice. You may receive less if the rate increases.
What would the estimated balance be after 12 months based on a £1,000 deposit?
The estimated balance after 12 months on a deposit of £1,000 is £1,037.53. This projection is for illustrative purposes only and does not take into account individual circumstances
How do I open and manage my account?
To open this savings account, you must apply online through Raisin UK. Savings accounts at LHV Bank Limited are only available through this online application process, and to be eligible to apply, you must:
Be a UK resident who is aged 18 or over
Hold a UK bank or building society account from which you will fund your application
Have a valid mobile phone number and email address
Have a UK National Insurance Number
Your application acceptance will be subject to the successful completion of an Anti-Money Laundering/Know Your Customer (AML/KYC) check.
The minimum amount you can open and operate this account with is £1,000.
You can top up your account with the minimum amount of £500 per transaction and the maximum balance you can have is £120,000 (per product and banking institution).
You can manage your savings account through Raisin UK by logging into your Raisin UK Account. You can contact Raisin UK by telephone, by email or in writing by using the contact details provided in the Terms & Conditions.
Please ensure you have read and understood all sets of Terms and Conditions before applying for this product.
Can I withdraw money?
Raisin Platforms Limited (RPL), will administer the deposit on your behalf.
Funds will appear in RPL's account by the following business day from funding your application at the latest. Funds will be remitted to LHV Bank Limited by RPL on the next business day after arriving in the RPL account.
There is no limit to the amount of withdrawals you can make; however, you are unable to withdraw less than £500 in a single withdrawal transaction and a withdrawal will not be authorised if it leaves your balance below £1,000. To withdraw below your minimum balance you may close your account at any time by requesting closure from within your customer portal.
It can therefore take up to 2 business days for an ordered product to be set up and start earning interest, and up to 2 business days for withdrawals and closures to be processed and funds received back in your Raisin UK account.
You have the right to cancel your account without charge and without giving any reason, within 14 calendar days from the day of opening this savings account. For further information, please refer to clauses 3.5 and 3.6 of the Raisin Trust Terms and Conditions.
Additional Information
Raisin Platforms Limited (RPL), will administer the deposit on your behalf.
Funds will appear in RPL's account by the following business day from funding your application at the latest. Funds will be remitted to LHV Bank Limited by RPL on the next business day after arriving in the RPL account.
It can therefore take up to 2 business days for an ordered product to be set up and start earning interest, and up to 2 business days for withdrawals and closures to be processed and funds received back in your Raisin UK account.
You have the right to cancel your account without charge and without giving any reason, within 14 calendar days from the day of opening this savings account. For further information, please refer to clauses 3.5 and 3.6 of the Raisin Trust Terms and Conditions.
Raisin UK - Easy Access Account
3.62% AER / 3.56% gross. AER is the Annual Equivalent Rate and represents what the interest rate would be if interest was realised and paid once each year.
Gross is the rate of interest payable before income tax is deducted. Interest is calculated daily and is paid into the Easy Access Account on the last day of each month, or upon closure of the Easy Access Account.
Interest will be paid gross without prior deduction of tax.
Can Monument Bank change the interest rate?
The interest rate applicable to this Easy Access Account is variable and may change from time to time at Monument’s discretion.
If Monument increases the interest rate, the new interest rate will apply immediately, and you will be notified as soon as possible.
If Monument decreases the interest rate, you will receive at least 14 days’ notice before the new interest rate will apply.
Please see the Raisin Trust Terms and Conditions for more information.
What would the estimated balance be after 12 months based on a £1,000 deposit?
The estimated balance after 12 months on a deposit of £1,000 at an interest rate of 3.56% Gross (variable) is £1,036.19.
For the purposes of this calculation we assume that:
You make a deposit of £1,000 on the Easy Access Account opening date
You make no further deposits or withdrawals
The interest is paid into the Easy Access Account
The interest rate remains the same for 12 months
This projection is for illustrative purposes only and does not take into account individual circumstances.
How do I open and manage my account?
To open this Easy Access Account, you must apply online through Raisin UK. Savings accounts at Raisin UK are only available through this online application process. To be eligible to apply for this Easy Access Account, you must:
Be an individual, a UK resident and aged 18 or over;
Hold a UK bank or building society account from which you will fund your application;
Have a valid mobile phone number and email address;
Have a UK National Insurance Number; and
Only use this savings account for personal purposes, not business purposes
Your application acceptance will be subject to the successful completion of Anti-Money Laundering/Know Your Customer (AML/KYC) checks.
The minimum account balance for this Easy Access Account is £1,000, and the maximum balance you can have across all savings accounts you hold with Monument Bank via Raisin UK is £120,000.
You can top up your Easy Access Account with a minimum amount of £500 per transaction.
You can manage this Easy Access Account (including depositing or withdrawing monies) by logging into your Raisin UK Account. You can contact Raisin UK by telephone, by email or in writing by using the contact details provided in the Raisin UK Terms & Conditions.
It can take up to 2 business days for this Easy Access Account to be set up and start earning interest. For more information, please see the Raisin UK Terms & Conditions and Raisin Trust Terms & Conditions.
Please ensure you have read all Terms and Conditions before applying for this Easy Access Account.
Can I withdraw money?
Yes. There is no limit to the amount of withdrawals you can make; however, you are unable to withdraw less than £500 in a single withdrawal transaction and a withdrawal will not be authorised if it leaves your balance below £1,000.
Withdrawal requests can take up to two working days to be processed (a working day is any day other than a Saturday, Sunday, or public holiday).
You may close this Easy Access Account at any time by contacting Raisin UK.
Following a request to close your Easy Access Account, funds will be returned to your Raisin Account by Raisin Trust. Please refer to the Raisin Terms & Conditions and Raisin Trust Terms and Conditions for further information.
If an account closure request is received on a non-working day (either weekend or public holiday), your request will be initiated on the next working day.
Monument may close your Easy Access Account with immediate effect if there are exceptional circumstances affecting its business. In these circumstances your funds will be returned along with any accrued interest.
Additional information
Privacy Notice
Please see our Privacy Notice (www.monument.co/privacy) for information on how we process personal data.
Terms and Conditions
These Terms and Conditions are between Monument Bank Limited (“Monument”) and Raisin Platforms Limited ("RPL") and apply to any Monument deposit account opened by Raisin Platforms Limited (“Raisin UK”) on your behalf via the Raisin platform.
Please see the Raisin UK Terms and Conditions and the Raisin Trust Terms and Conditions for more information. Raisin Platforms Limited will administer the monies in this Fixed Term Deposit on your behalf. These Terms and Conditions are not binding between you and Monument, and you will not become a customer of Monument. These Terms and Conditions incorporate the Monument Bank Easy Access Account Summary Box which sets out the interest rate and key features of this product.
Monument may need to make changes to these Terms and Conditions if it has a valid reason. For example this could be, but not limited to the following:
To comply with changes in law, industry codes or regulatory requirements;
To reflect changes in the systems, schemes or suppliers it uses;
To reflect changes in inflation or the costs it reasonably incurs in providing accounts or services; or
To make these Terms and Conditions clearer or more favourable.
Monument will usually provide at least 30 days’ notice of all changes. If any changes are to be made you will be notified in writing.
Financial Services Compensation Scheme (FSCS)
Eligible deposits benefit from FSCS protection up to the maximum amount of £120,000 (for deposits held on an individual basis. The applicable limit will apply to the aggregate amount you place with Monument Bank directly and through any savings platform (such as Raisin).
Raisin UK - 95 Day Notice Account
3.56 % AER / 3.50% Gross Accrued interest is calculated daily, compounded, and credited monthly and paid gross without prior deduction of tax. AER is the Annual Equivalent Rate and represents what the interest rate would be if interest was realised and paid once each year.
What is the interest rate?
3.56% AER /3.50% Gross Accrued interest is calculated daily, compounded, and credited monthly and paid gross without prior deduction of tax. AER is the Annual Equivalent Rate and represents what the interest rate would be if interest was realised and paid once each year.
Can StreamBank Plc change the interest rate?
The interest rate applicable to your deposit is variable.
Should the bank set a date to lower the interest rate, you will be given a minimum of 95 days’ notice. You may receive less notice if the rate increases.
Please review the Raisin Trust Terms and Conditions for more information.
What would the estimated balance be after 12 months based on a £1,000 deposit?
The estimated balance after 12 months on a deposit of £1,000 is £1,045.00. This projection is for illustrative purposes only and does not take into account individual circumstances.
How do I open and manage my account?
To open this savings account, you must apply online through Raisin UK. Savings accounts at Raisin UK are only available through this online application process, and to be eligible to apply, you must:
Be a UK resident who is aged 18 or over
Hold a UK bank or building society account from which you will fund your application
Have a valid mobile phone number and email address
Have a UK National Insurance Number
Your application acceptance will be subject to the successful completion of Anti-Money Laundering/Know Your Customer (AML/KYC) check.
The minimum amount you can deposit is £1,000, and the maximum amount you can deposit is £120,000 (per product and banking institution).
You can manage your savings account through Raisin UK by logging into your Raisin UK Account. You can contact Raisin UK by telephone, by email or in writing by using the contact details provided in the Raisin UK Terms & Conditions.
Please ensure you have read and understood all sets of Terms and Conditions before applying for this product.
Can I withdraw money?
You may withdraw the full deposit amount only. This will be subject to a 95 day notice period. You are unable to add to the initial deposit or make partial withdrawals. Please see Raisin Trust Terms and Conditions for more information.
Your notice of termination will start on the business day after your request to give notice. Once notice has been given it can’t be revoked.
If a termination falls on a non-business day, then payment will be made on the next business day and interest will be paid for the additional days. e.g. If a notice account terminates on a Saturday and funds are returned on the Monday, interest will be paid for the intervening Sunday.
Additional Information
Raisin Platforms Limited (RPL), will administer the deposit on your behalf.
Funds will appear in RPL's account by the following business day from funding your application at the latest. Funds will be remitted to StreamBank Plc by RPL on the next business day after arriving in the RPL account. It can therefore take up to 2 business days for an ordered product to be set up and start earning interest.
You have the right to cancel your account without charge and without giving any reason, within 14 calendar days from the day of opening this savings account. For further information, please refer to clauses 3.5 and 3.6 of the Raisin Trust Terms and Conditions.
Raisin UK - Easy Access Account
3.51 % AER / 3.45 % Gross. AER is the Annual Equivalent Rate and represents what the interest rate would be if interest was realised and paid once each year.
Accrued interest is calculated daily, compounded monthly and paid gross without prior deduction of tax.
Interest is credited monthly on the last day of each month.
Can Kroo Bank change the interest rate?
The interest rate applicable to your deposit is variable.
Should the bank set a date to lower the interest rate, you will be given a minimum of 14 days’ notice. You may receive less notice if the rate increases.
What would the estimated balance be after 12 months based on a £1,000 deposit?
The estimated balance after 12 months on a deposit of £100 is £103.50. This projection is for illustrative purposes only and does not take into account individual circumstances.
How do I open and manage my account?
To open this savings account, you must apply online through Raisin UK. Savings accounts at Kroo Bank Ltd are only available through this online application process, and to be eligible to apply, you must:
Be a UK resident who is aged 18 or over
Hold a UK bank or building society account from which you will fund your application
Have a valid mobile phone number and email address
Have a UK National Insurance Number
Your application acceptance will be subject to the successful completion of an Anti-Money Laundering/Know Your Customer (AML/KYC) check.
The minimum amount you can open and operate this account with is £100.
You can top up your account with the minimum amount of £500 per transaction and the maximum balance you can have is £120,000 (per product and banking institution).
You can manage your savings account through Raisin UK by logging into your Raisin UK Account. You can contact Raisin UK by telephone, by email or in writing by using the contact details provided in the Terms & Conditions.
Please ensure you have read and understood all sets of Terms and Conditions before applying for this product.
Can I withdraw money?
Raisin Platforms Limited (RPL), will administer the deposit on your behalf.
Funds will appear in RPL's account by the following business day from funding your application at the latest. Funds will be remitted to Kroo Bank Ltd by RPL on the next business day after arriving in the RPL account.
There is no limit to the amount of withdrawals you can make; however, you are unable to withdraw less than £500 in a single withdrawal transaction and a withdrawal will not be authorised if it leaves your balance below £100. To withdraw below your minimum balance you may close your account at any time by requesting closure from within your customer portal.
It can therefore take up to 2 business days for an ordered product to be set up and start earning interest, and up to 2 business days for withdrawals and closures to be processed and funds received back in your Raisin UK account.
You have the right to cancel your account without charge and without giving any reason, within 14 calendar days from the day of opening this savings account. For further information, please refer to clauses 3.5 and 3.6 of the Raisin Trust Terms and Conditions.
Additional Information
Kroo Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Financial Services Register No: 953772. Companies House number 10359002.
Raisin Platforms Limited (RPL) will administer the deposit on your behalf.
Funds will appear in RPL's account by the following business day from funding your application at the latest. Funds will be remitted to Kroo Bank Ltd by RPL on the next business day after arriving in the RPL account. It can therefore take up to 2 business days for an ordered product to be set up and start earning interest.
You have the right to cancel your account without charge and without giving any reason, within 14 calendar days from the day of opening this savings account. For further information, please refer to clauses 3.5 and 3.6 of the Raisin Trust Terms and Conditions.
Raisin UK - Easy Access Account
3.10% AER / 3.06% Gross. AER is the Annual Equivalent Rate and represents what the interest rate would be if interest was realised and paid once each year.
Accrued interest is calculated daily, compounded monthly and paid gross without prior deduction of tax.
Interest will begin accruing from the business day on which we receive your funds from Raisin UK and will be applied to the account monthly.
Can OakNorth Bank plc change the interest rate?
The interest rate applicable to your deposit is variable.
Should the bank set a date to lower the interest rate, you will be given a minimum of 14 days' notice. You may receive less if the rate increases.
What would the estimated balance be after 12 months based on a £20,000 deposit?
The estimated balance after 12 months on a deposit of £20,000 is £20,620.60. This projection is for illustrative purposes only and does not take into account individual circumstances.
How do I open and manage my account?
To open this savings account, you must apply online through Raisin UK. Savings accounts at OakNorth Bank plc are only available through this online application process, and to be eligible to apply, you must:
Be a UK resident who is aged 18 or over
Hold a UK bank or building society account from which you will fund your application
Have a valid mobile phone number and email address
Have a UK National Insurance Number
Your application acceptance will be subject to the successful completion of an Anti-Money Laundering/Know Your Customer (AML/KYC) check.
The minimum amount you can open and operate this account with is £20,000.
You can top up your account with the minimum amount of £500 per transaction and the maximum balance you can have is £120,000 (per product and banking institution).
You can manage your savings account through Raisin UK by logging into your Raisin UK Account. You can contact Raisin UK by telephone, by email or in writing by using the contact details provided in the Terms & Conditions.
Please ensure you have read and understood all sets of Terms and Conditions before applying for this product.
Can I withdraw money?
Raisin Platforms Limited (RPL), will administer the deposit on your behalf.
Funds will appear in RPL's account by the following business day from funding your application at the latest. Funds will be remitted to OakNorth Bank plc by RPL on the next business day after arriving in the RPL account.
There is no limit to the amount of withdrawals you can make; however, you are unable to withdraw less than £500 in a single withdrawal transaction and a withdrawal will not be authorised if it leaves your balance below £20,000. To withdraw below your minimum balance you may close your account at any time by requesting closure from within your customer portal.
It can therefore take up to 2 business days for an ordered product to be set up and start earning interest, and up to 2 business days for withdrawals and closures to be processed and funds received back in your Raisin UK account.
You have the right to cancel your account without charge and without giving any reason, within 14 calendar days from the day of opening this savings account. For further information, please refer to clauses 3.5 and 3.6 of the Raisin Trust Terms and Conditions.
Additional Information
Raisin Platforms Limited (RPL), will administer the deposit on your behalf.
Funds will appear in RPL's account by the following business day from funding your application at the latest. Funds will be remitted to OakNorth Bank plc by RPL on the next business day after arriving in the RPL account.
It can therefore take up to 2 business days for an ordered product to be set up and start earning interest, and up to 2 business days for withdrawals and closures to be processed and funds received back in your Raisin UK account.
You have the right to cancel your account without charge and without giving any reason, within 14 calendar days from the day of opening this savings account. For further information, please refer to clauses 3.5 and 3.6 of the Raisin Trust Terms and Conditions.
Raisin UK - 35 Day Notice Account
2.07 % AER / 2.05 % Gross. AER is the Annual Equivalent Rate and represents what the interest rate would be if interest was realised and paid once each year.
Accrued interest is calculated daily, compounded and credited monthly and paid gross without prior deduction of tax.
Can Teachers Building Society change the interest rate?
The interest rate applicable to your deposit is variable.
Should Teachers Building Society set a date to lower the interest rate, you will be given a minimum of 35 day’s notice. You may receive less notice if the rate increases.
Please review the Raisin Trust Terms and Conditions for more information.
What would the estimated balance be after 12 months based on a £1,000 deposit?
The estimated balance after 12 months on a deposit of £1,000 is £1,020.69. This projection is for illustrative purposes only and does not take into account individual circumstances.
How do I open and manage my account?
To open this savings account, you must apply online through Raisin UK. Savings accounts at Raisin UK are only available through this online application process, and to be eligible to apply, you must:
Be a UK resident who is aged 18 or over
Hold a UK bank or building society account from which you will fund your application
Have a valid mobile phone number and email address
Have a UK National Insurance Number
Your application acceptance will be subject to the successful completion of Anti-Money Laundering/Know Your Customer (AML/KYC) check.
The minimum amount you can deposit is £1,000, and the maximum amount you can deposit is £120,000 (per product and banking institution).
You can manage your savings account through Raisin UK by logging into your Raisin UK Account. You can contact Raisin UK by telephone, by email or in writing by using the contact details provided in the Raisin UK Terms & Conditions.
Please ensure you have read and understood all sets of Terms and Conditions before applying for this product.
Can I withdraw money?
You may withdraw the full deposit amount only. This will be subject to a 35 day notice period. You are unable to add to the initial deposit or make partial withdrawals. Please see Raisin Trust Terms and Conditions for more information.
If termination is received on a non business day (either weekend or public Holiday), the notice period will start from next business day.
Once notice has been given it can’t be revoked. If a termination falls on a non-business day, then payment will be made on the next business day and interest will be paid for the additional days. e.g. If a notice account terminates on a Saturday and funds are returned on the Monday, interest will be paid for the intervening Sunday.
Additional Information
Raisin Platforms Limited (RPL), will administer the deposit on your behalf.
Funds will appear in RPL's account by the following business day from funding your application at the latest. Funds will be remitted to Teachers Building Society by RPL on the next business day after arriving in the RPL account. It can therefore take up to 2 business days for an ordered product to be set up and start earning interest.
You have the right to cancel your account without charge and without giving any reason, within 14 calendar days from the day of opening this savings account. For further information, please refer to clauses 3.5 and 3.6 of the Raisin Trust Terms and Conditions.