When it comes to selecting a new savings account , the rate is for many the most important feature. However, there is a growing number of people whose priority is to find an account from an ethical provider. Here is a selection of some of the accounts on offer:
Triodos Bank – Online Cash ISA
Triodos Bank has a range of accounts and has just been voted 'sustainable bank of the year'. Its Online cash ISA currently pays 1.00 per cent on investments of between £10 and £43,200. The account accepts transfers in from other providers. If a withdrawal is required, savers must give 33 days' notice or lose 33 days' interest for earlier access.
Ecology BS – Foundations Share
The Ecology BS aims to invest in projects with ecological benefit and offers a range of ethical products to support this. Its postal based Foundation Share account pays 1.00 per cent and savers can invest up to £125,000. No notice is required to access funds.
The Co-operative Bank – Fixed Term Deposit
The Co-operative Bank is probably the UK's most well known ethical savings provider, offering a wide range of accounts. Its Fixed Term Deposit account pays 2.50 per cent on maturity or 2.46 per cent for those requiring monthly interest. Savers can invest between £2,000 and £1 million into the bond, which has a three year term. No further additions or earlier access are permitted during the term, so savers need to ensure they won't need the funds before committing.
Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.
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