Notice Account

  • Invest your funds in Sharia’a compliant investments
  • Expected profit rate of 1.70 % Gross Quarterly/ 1.71 % Gross AER*
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Benefits

  • You can add to your Notice Account whenever you want, letting you grow your savings pot.
  • You can make unlimited withdrawals of £1,000 or more, you just need to give the required notice period 
  • Your eligible deposits with BLME up to a total of £85,000 are protected by the Financial Services Compensation Scheme. 
  • If you can tie your money up for longer you might get a better profit rate with one of BLME’s Fixed Term Deposit Accounts. 

Eligibility

To be eligible for this account, you must:

  • be a UK resident aged 18 or over
  • hold a UK bank account
  • apply online
  • The minimum opening balance is £10,000
  • You must maintain a minimum account balance of £1,000
  • As long as you give the required notice period you can make unlimited withdrawals, which must be a minimum of £1,000 on each occasion
  • Your Notice Account starts when your funds have reached the minimum opening balance amount
  • You can add funds from your nominated UK bank account as often as you want
  • Profits payments are made every quarter to your nominated UK bank account
  • All applications must be made online
  • You will be unable to view or service this account online
  • If we change the expected profit rate we will advise you before you proceed with the deposit or give you the opportunity to exit your deposit. 
  • Your eligible deposits with BLME up to a total of £85,000 are protected by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above this limit are unlikely to be covered. For further information, please visit our T&Cs page or visit fscs.org.uk
  • These rates are indicative and only apply to the BLME Notice Account and are subject to availability. We may change the rates prior to depositing. Where the expected profit rate is lower than the indicated rate we will advise you of the new expected profit rate and will ask you whether you wish to proceed with your deposit.
  • *AER stands for Annual Equivalent Rate. If you left a sum of money in your account all year, the AER would be the profit rate you’d get if we paid you profit during the course of the year and your subsequently higher balance then earned more profit by compounding. The AER will only be higher than the gross profit rate where we pay you profit more than once a year. We quote the AER on all of our accounts so that you can compare our products with those of other banks.
  • Gross rate is the profit rate paid on your account without deduction of any tax.
  • Deposits accrue on a 365 day annual calendar (or 366 days in a leap year).
  • As of 18th September 2018

Existing account holder?

Notice Account

Premier Deposit Account

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Click on link below to navigate to Premier Deposit Account details

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Awards

2019

Best Fixed Account Provider by Moneyfacts

2018

Best Fixed Account Provider by Moneyfacts

2017

Best Islamic bank in the UK by Islamic Finance News

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