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Product name and vendor
Al Rayan Bank

Young Person's Instant Access Savings
Vendor: Al Rayan Bank

Category: Savings Account
on fidor.de since 30/06/2016

Special features of the product

Earn an expected profit rate of 0.10% (gross p.a.) Instant access to the money in the account A low minimum opening balance of Ā£20 with no minimum for additional savings Anyone can pay money into the account at a branch, by telephone, by post or by setting up regular payments from their own bank Have profit from your Al Rayan Bank account transferred into your child's account No minimum age - you, your family and friends can start saving for your child as soon as they are born, up to the age of 16 years Tax efficient way to save. Profits may be paid gross, if the child is eligible. Parent or guardian will authorise all withdrawals until the child is 14, subject to special conditions On the young person's 14th birthday the parent or guardian can approve access for the young person to make withdrawals from the account Your money is invested ethically. We only invest in sharia compliant goods and services

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