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Bank of London and Middle East
Blue_tony
Posts: 3 Newbie
Hi all i was looking for a 1 or 2 year fixed rate investment - protected by FSCS - on the MSE site best rates i can see are 1.65% ATOm 1 year or 1.8% UBL UK 2 years - Ive seen a bank called Bank of London and middle east 1.8% 1 year and 1.95% 2 years - anyone heard of them? are they safe?
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Comments
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BLME is the short version of 'Bank of London and Middle East', however it is nearly always referred to as 'BLME' to make things easier.
BLME is a Sharia account, where an 'expected profit' is provided instead of an 'interest rate'. You can read more about expected profit here: https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/#sharia"If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes” Warren Buffett
Save £12k in 2025 - #024 £1,450 / £15,000 (9%)0 -
Thank you very much0
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Invested £50k in a 1-year bond with them about 6yrs ago. No problems0
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If you want to read more forum posts around BLME you can see relevant search results here: https://forums.moneysavingexpert.com/search.php?searchid=194289623"If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes” Warren Buffett
Save £12k in 2025 - #024 £1,450 / £15,000 (9%)0
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