• The minimum investment is £1,000
  • Profit is paid on an annual basis into your nominated UK bank account. Monthly or Quarterly profit payments are not available
  • Expected profit rate depends on the term of the deposit account you choose
  • Strictly no early withdrawals or additional funds permitted - although you can have more than one PDA with BLME at a time
  • Profit is paid after the deduction of any applicable taxes we are required to apply
  • Profits cannot be compounded or accrued back into the deposit
  • The Premier Deposit starts when the total deposit funds have been cleared and are available for transfer into your deposit account
  • Profit is calculated daily and will be paid at maturity and annually in the case of deposits over one year
  • 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 2.80 % Gross/ 2.80 % AER*
  • Invest your savings for a fixed term of up to 7 Years and enjoy a rate of return that won’t change until maturity
  • We will only invest your savings in ethical Sharia’a compliant investments
  • Your eligible deposits with BLME are protected up to the Financial Services Compensation Scheme limit of £85,000, 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 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 Premier Deposit 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 would 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 1st August 2019

Ready to apply for your Premier Deposit Account?