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Grow-Your-Savings with as little as £100

Our ethical savings accounts have historically awarded up to 4.70% returns annually in a ring-fenced, asset-backed portfolio. We use your money to help people buy their homes debt-free and create genuine social impact.

 

Make a difference as you Grow-Your-Savings with Pfida.

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Make your money make a difference.

We all work hard to earn money, but is it being put to good use? By investing in a Grow-Your-Savings account, you’d be helping people become homeowners without debt, and in return we’ll reward you for your good deed – historically we’ve awarded up to 4.70% annually.

 

A savings account that brings about positive change.

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The benefits of Grow-Your-Savings

Feature
GYS
GYS+
GYS Pro
Minimum investment amount
£100
£5,000
£30,000
Profit sharing ratio

Your return is based on a share of profits generated from properties that we fund. 

Medium
High
V.High
Historic profit rate awarded

The numbers displayed are the expected annual profit rate. These are rates that we have awarded historically, it’s important to note the past does not reflect the future and returns are based on actual profit achieved rather than a fixed return.

Dividends are paid on a monthly basis. The expected annual profit rate represents the total effective return you would achieve over one year if your monthly target dividends were reinvested. These rates are based on monthly target returns of 1.00%, 4.00%, 4.51% and 4.60% per annum respectively.

4.07%
4.60%
4.70%
Unlimited top-ups

You can transfer as much as you want as long as it meets the minimum investment amount. You can further top-up your account by £2,000 every 30 days without any form-filling. You’re more than welcome to transfer more, you just need to complete the top-up form. There are no charges for topping up your account – win!

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Tax-free returns

Subject to status. For UK taxpayers, total dividend income across all sources is tax-free up to £1,000 per year.

This is not tax advice, you should check your individual circumstances and are responsible for your own tax affairs.

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Social purpose

Your investment will be utilised in financing property to purchase homes for people within the community across the UK, helping them avoid paying interest and falling into the trap of debt.

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Asset-backed investment

Each property is directly owned and/or secured with a legal charge by the ring-fenced entity to minimise risk. 

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Ring-fenced portfolio

Your funds are kept safe through a ring-fenced entity dealing only with property purchase in the UK.

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Withdrawal/exit fees

This is a one-off fee that covers admin charges if you choose to withdraw your funds or close your account.

0.25%
0.25%
0.25%
Minimum notice period

This is a minimum recommended period of notice we would require. Investment exit may be subject to Pfida securing replacement capital, or homebuyers purchasing equity in their properties, whichever is sooner. If in doubt, seek financial advice.

3 months
3 months
3 months
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Savings

Grow-Your-Savings with Pfida.

Use our handy calculator to see how much extra you could grow your savings by investing in a Pfida savings account.
How much do you want to invest?
£50000
£1K
£100k+
Save with Pfida
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Your expected annual profit rate could be:
Include net benefit savings
Net benefit savings include the savings made through zakat exemptions. Zakat is a duty that Muslims have to donate a certain proportion of their wealth each year to charitable causes. Investments utilised in any of our Grow-Your-Savings accounts are zakat exempt.
*This calculator helps provide a rough estimate and should only be used as guidance. Register and log in now to find out more about our accounts.
Save with Pfida

How does it work?

A question we’re asked all the time, how do you make it work?

  1. You register and apply for your Grow-Your-Savings product through your account dashboard
  2. We process and approve your application
  3. You transfer your initial investment into your account
  4. Your investment is used only to finance homes
  5. Homeowners pay rent on the share they do not own – the profit on rental payments help generate your dividend returns
  6. Your dividend returns are paid into your Grow-Your-Savings account monthly – you get to choose whether you withdraw these returns or whether you automatically reinvest your returns using our handy web account
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How does a Grow-Your-Savings account drive social impact?

Traditionally, your savings would usually be sitting in a bank account. The bank would then lend out your money on loans and mortgages, placing people into potentially life-long debt. In return, the bank may pay you a small fixed amount of interest for using your money.

 

We’re here to create social good, in a way that’s ethical and fair to all. Our Grow-Your-Savings accounts help power Pfida’s Home Provision Scheme, creating a new way for people to own a home interest-free and without debt. Your money goes directly into homes, and you get a direct share of all profits generated from them. 

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How am I protected?

Ring-fenced portfolio

We use a ring-fenced entity, called Pfida Finance PLC, which owns each property directly. When you invest, you’ll be investing in this entity. This entity will only be used for purchasing properties in the UK.

Find out more

Fully asset-backed

Each property is directly owned and / or secured with a legal charge by you and our other shareholders to minimise risk. The shares you receive give you a portion of any profits made, and make you a part of our success.

Funds are deployed after completion, never before

To get to completion, home finance customers go through very thorough checks looking at a number of aspects, such as affordability, payment history and credit checks. We also perform thorough checks on the property too, through valuations and surveys.

These funds are not used to run Pfida as a business

Your invested funds are not used to run Pfida’s business or operational costs, we use it solely on the properties we purchase as homes. We do hold 5% in cash reserves to help cover the costs of developing and administering the portfolio, we always quote returns net of these amounts.

Shariah-compliant

Our mudaraba investment structure has been reviewed and approved by Sheikh Haitham Al-Haddad (Islamic Council of Europe) in his capacity as independent Shariah scholar. It has also been internally scrutinised and approved by Sheikh Salman Hasan, our in-house scholar.

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FAQs

We’d recommend our GYS Home account instead of this account type to ensure you get the most benefit from our services. The GYS Home account has been made specifically to help aspiring homeowners reach their goal sooner, with a higher position on the waiting list for our home finance solution.

Find out how a GYS Home account will benefit your home-buying journey

Understanding our waiting times

Yes, as long as you have a minimum of £50,000 in your GYS Home account, you will be able to open a Grow-Your-Savings account. This is subject to you keeping a minimum of £50,000 in your GYS Home account at all times. Any additional funds over this amount can be used to invest in Grow-Your-Savings, as long as you meet the criteria.

If you have a Grow-Your-Savings account and would like to apply for a GYS Home account to join the priority waiting list, you will need to close your Grow-Your-Savings account. Alternatively, you will need to invest a minimum of £50,000 into your GYS Home account to be able to keep your Grow-Your-Savings account active.

If you are a GYS Home account holder but aren’t looking to buy a home with us, you can close your GYS Home account and move your funds to a Grow-Your-Savings account, as long as you meet the criteria.

Our GYS, GYS+ and GYS Pro accounts work together, so when your balance reaches £5,000, your GYS account will automatically upgrade to a GYS+ account. Similarly, when your balance reaches £30,000, your GYS+ account will automatically upgrade to GYS Pro.

Need more help? Visit our help centre for more information.

Visit our help centre