Product Focus: Ethical Investments - Savings - News - Moneyfacts


Product Focus: Ethical Investments

Product Focus: Ethical Investments

Category: Savings

Updated: 16/06/2009
First Published: 16/06/2009

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

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 Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Savings rates plummet to fresh lows yet again

It’s becoming a recurring theme, and unfortunately, it’s showing no signs of stopping. Savings rates have plummeted to fresh lows once again as the impact of the base rate cut continues – and this month, product availability has followed.

Less than half of savings accounts beat inflation

Official figures show that inflation jumped up during September, with CPI rising to 1%. Not only does this mean that consumers may begin to feel the impact on their wallets, but there are now far fewer savings accounts that will beat inflation.

Number of savings accounts falls to record low

As if the continued drop in savings rates wasn’t bad enough, our latest research reveals another blow to already hard-pressed savers, with the number of accounts available having fallen to a record low.