You will find below information regarding savings rates from the first week of July 2023.
Our first table highlights the savings rates from what we believe to be the four key ethical savings providers in the UK:
|
|
Instant Access AER |
Notice Account AER |
1 Year Fixed Rate Bond |
3 Year Fixed Rate Bond |
||
|
Triodos |
Everyday Savings |
2.53% - 2.90% |
n/a |
n/a |
3.80% |
3.90% |
|
Co-operative Bank |
Online Saver |
2.25% |
Select Access |
1.25% - 2.90% |
4.37% |
4.50% |
|
Ecology Building Society |
Easy Access |
2.75% |
90 Day |
3.05% - 3.45% |
n/a |
n/a |
|
Charity Bank |
n/a |
n/a |
93 Day |
2.08% -2.23% |
3.56% |
3.95% |
Our second table shows the top savings rates as determined by our source Deposit Sense:
|
Rating |
Instant |
AER |
Notice |
AER |
1 Year Fixed |
AER |
3 Year Fixed |
AER |
|
1 |
Family Building Society – Online Saver |
4.35% |
Vanquis Bank – 90 Day Notice |
4.90% |
Al Rayan Bank * - |
6.01% |
Close Brothers Bank |
5.95% |
|
2 |
Principality Building Society - Online Double Access Account |
4.30% |
RCI Bank – 95 Day Notice |
4.85% |
Investec Bank |
6.00% |
OakNorth Bank |
5.86% |
|
3 |
Paragon Bank – Triple Access Account |
4.25% |
Cynergy Bank – 120 Day Notice |
4.70% |
Atom Bank |
5.95% |
Cynergy Bank |
5.85% |
|
4 |
Yorkshire Building Society – Internet Saver Plus |
4.25% |
Oxbury Bank – 180 Day Notice Account |
4.70% |
SmartSave Bank |
5.94% |
Vanquis Bank |
5.85% |
|
5 |
Sainsbury’s Bank – Defined Access Saver |
1.15% - 4.21% |
Vanquis Bank |
4.69% |
OakNorth Bank |
5.93% |
Hampshire Trust Bank |
5.71% |
1.Best Buys are marketing leading but not subject to formal ethical screens/investment policies so are deemed neutral
2. Rates are correct at the date of publication - 7th of July 2023
3. Information has been collected from Deposit Sense.
4. *Sharia compliant banks offer an Expected Profit Rate (EPR) rather than interest.
5. It is important to take professional advice before making any decision relating to your personal finances. Information within this article does not provide individual tailored investment advice and is for guidance only. We cannot assume legal liability for any errors or omissions it might contain. Ethical Futures llp is authorised and regulated by the Financial Conduct Authority.