• 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 the funds received are cleared
  • 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
  • Earn profit up to 1.70 % Gross/ 1.71 % AER*
  • Make an unlimited number of withdrawals provided you meet the minimum conditions
  • We will only invest your savings in ethical Sharia’a compliant investments
  • You can add funds from your nominated UK bank account as often as you want
  • Your eligible deposits with BLME are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered. For further information please click here or visit www.fscs.org.uk

In order to apply for this account you must:

  • be aged 18 or over
  • be a UK resident
  • hold a UK bank account
  • be able to apply for this account online

Expected Profit Rates

  • 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

Ready to apply for your Notice Account?