18.10.2018 | 2 minutes estimated reading time | Print this article

QIB (UK) Plc partners with Raisin UK to offer two fixed term deposits

We’re pleased to announce that we’ve partnered with QIB (UK) Plc, who will be offering two new fixed term deposits through our marketplace, where you can still claim a cash bonus up to £80 for funding a savings product with us.

London based QIB (UK) Plc offers two new savings products

QIB-UK will be offering two fixed term deposits which you can apply for through Raisin UK; a 1 Year Fixed Term Deposit at 1.90% and a 2 Year Fixed Term Deposit at 2.00%. Both of these savings products can be funded by depositing a minimum of £1,000 and a maximum of £85,000.

1.90% AER 1 Year Fixed Term Deposit

2.00% AER 2 Year Fixed Term Deposit

With headquarters in London, QIB (UK) Plc is a subsidiary of Qatar Islamic Bank, an ethical Sharia-compliant international bank that provides private banking services and structured real estate financing in the UK, as well as a range of personal savings products. They were fully authorised by the UK’s former regulator, the Financial Services Authority (FSA), in 2008, and are now authorised by the Prudential Regulatory Authority and regulated by the Prudential Regulatory Authority and Financial Conduct Authority.

The Financial Services Compensation Scheme (FSCS), the UK’s deposit protection scheme, protects all eligible deposits offered by QIB (UK) Plc through the Raisin UK savings marketplace up to £85,000 per person, per banking group.

One single login and only one application form

When you register at Raisin UK, in addition to the ability to conveniently apply for the fixed term deposits such as those offered by QIB (UK) Plc, you can apply for as many savings products as you want, without having to fill out another application form. Just log in with your one single login, click “Apply now” and transfer the funds that you pledged. That’s it; we’ll take care of the rest.