Growing wealth with Nomo
Multi-currency saving options in GBP, USD and EUR
Track your savings directly in the app
Profit rates up to 4.45%
Start growing your wealth instantly test2
A Fixed Term Deposit Account allows you to save for a set period of time receive profit at the end of the fixed term on your deposit. When you open your Nomo Current Account you gain instant access to a choice of Fixed Term Accounts.
Choose between different currencies and durations and keep track of your savings directly in the Nomo app. See full terms & conditions here.
A choice of terms to suit your ambitions
We will tell you the expected profit rate for your account, so you can grow your wealth over 3, 6 or 12 month fixed terms with confidence. Your money is accessible at the end of the chosen term.
GBP, USD and EUR options available now
Choose to save in a currency that suits you. Fixed Term Deposit Accounts are available to Nomo customers in GBP, USD and EUR currencies. We believe in flexibility so there are no limits on the number of accounts that you can hold at one time.
Minimum deposit of 5,000 GBP, or 10,000 USD or EUR required.
Instant Access Saver summary box
View our Instant Access Saver Summary Box as a PDFYes, the profit rates are variable, and we will notify you if we reduce the expected profit rate applicable to the account and give you 30 calendar days' notice as described in the terms. You may close your account and have your money returned to you, otherwise we will keep your account open, applying the new lower expected profit rate.
If the expected profit rate has increased, we will apply it to your account immediately
| Account Balance | Expected Profit Rate % (AER) | Expected Profit after 12 months |
|---|---|---|
| GBP | ||
| £3,000 | 4.0% | £3,122.22 |
| £10,000 | 4.25% | £10,433.38 |
| £25,000 | 4.5% | £26,148.50 |
| USD | ||
| $3,000 | 3.95% | $3,120.67 |
| $10,000 | 4.15% | $10,422.99 |
| $30,000 | 4.4% | $31,346.95 |
| EUR | ||
| €3,000 | 1.85% | €3,055.97 |
| €10,000 | 2.1% | €10,212.03 |
| €30,000 | 2.35% | €30,712.64 |
These illustrations show what a future balance might look like. They assume:
- You don't make any deposits or withdrawals during the period
- The profit rate does not change
- The profit is paid into the account monthly
You can open, view and manage your Instant Access Saver in the Nomo app.
- You must have an active Current Account open in the respective currency.
- There is a minimum deposit required from your Current account to open the Instant Access Saver. This minimum balance is required to keep the Instant Access Saver open:
- 3,000 GBP
- 3,000 USD
- 3,000 EUR
- You can hold up to a maximum deposit of 1 million GBP, USD or EUR in each Instant Access Saver.
- You can deposit more money into your Instant Access Saver at any time after opening with your initial deposit from the available funds in your Current Account.
- For additional support, you can contact a member of our team by email at support@nomobank.com or by phone on +44(0) 20 3991 0400.
Yes, you have instant access to all your money in this type of account (provided the minimum balance is kept in the account), you may withdraw some or all of your money including any profit due to you, from your Instant Access Saver account to your Current account, and close your Instant Access Saver at any time in the Nomo app.
- You can have one Instant Access Saver in each currency that is available to you.
- AER (Annual Equivalent Rate) is the expected profit rate shown as a percentage that represents the amount that the savings account would earn, it tells you what the savings account would earn, it tells you what the profit rate would be if your balance was held for one year.
- The gross profit rate is the profit payable without deducting any tax. We do not provide any tax advice to any account holder or any other connected party. You should ensure that you obtain suitable tax advice in relation to the accounts held with us.
- We do not pay interest on your Account like most providers of savings accounts, and we do not use your money for prohibited interest-based lending. Instead, we place the amount you deposit in your Account in Sharia-compliant investments as your agent, we will then calculate the profit on your deposit daily and pay it to you.
- From time to time, we may have preferential profit rates for promotional purposes for specified periods, these will be communicated during these promotional periods.
- If your withdrawal from your Instant Access Saver results in the balance falling below the minimum balance threshold, you will need to withdraw all of the money in the account, and your account will be closed. You can open a new Instant Access Saver at any time.
Previous Instant Access Saver rates:
01/11/2024 - 31/01/2025
30/08/2024 - 31/10/2024
01/07/2024 - 29/08/2024
Are you ready to grow your wealth?
Experience Sharia-compliant international banking with Nomo.
by
subsidiary of
Nomo by Bank of London and The Middle East plc (“BLME”) is a trading name of BLME. BLME is registered in England and Wales (no. 05897786), authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. BLME’s Financial Services Register number is 464292 and registered office is at 20 Churchill Place, Canary Wharf, London E14 5HJ.
We will collect and process information about you that may be subject to data protection laws. For more information about how we use and disclose your personal data, how we protect your information, our legal basis to use your information, your rights and who you can contact, please see our privacy notice.