You will find below information regarding savings rates from the first week of August 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 |
1 Year Fixed Rate Bond |
3 Year Fixed Rate Bond |
||
|
Triodos |
Everyday Savings |
2.94 – 3.30% |
n/a |
n/a |
4.25% |
4.50% *2 year fixed rate |
|
Co-operative Bank |
Online Saver |
2.53% |
Select Access |
1.25-3.12% |
4.37% |
4.50% |
|
Ecology Building Society |
Easy Access |
3.15% |
90 Day |
3.50-3.90% |
n/a |
n/a |
|
Charity Bank |
n/a |
n/a |
93 Day
|
2.38-2.53% |
3.81% |
4.21% |
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 |
Paragon Bank – Double Access Account |
4.60% |
Dudley Building Society – 120 Day Notice |
5.45% |
Atom Bank |
6.05% |
RCI Bank |
6.00% |
|
2 |
OakNorth Bank – Easy Access Limited Edition |
4.56% |
Dudley Building Society – 90 Day Notice (www.dudleybuildingsociety.co.uk)
Vanquis Bank – 90 Day Notice |
5.35% |
Charter Savings Bank |
6.02% |
OakNorth Bank |
5.96% |
|
3 |
Nottingham Building Society – Double Access Oxbury Bank – Easy Access Secure Trust Bank – Access Account |
4.55% |
Charter Savings Bank – 120 Day Notice |
5.30% |
Kent Reliance Building Society |
6.01% |
Cynergy Bank Bank Hampshire Trust Bank |
5.95% |
|
4 |
Sainsburys Bank – Defined Access Saver |
4.15-4.53% |
Charter Savings Bank – 90 Day Notice (www.chartersavingsbank.co.uk) Vanquis Bank – 120 Day Notice |
5.25% |
Close Brothers Bank Gatehouse Bank Investec Bank Vanquis Bank |
6.00% |
Hodge Bank |
5.90% |
|
5 |
Investec Bank – Online Flexi Saver |
4.47% |
Cynergy Bank – 120 Day Notice |
5.15% |
Ford Money Hodge Bank OakNorth Bank |
5.95% |
Close Brothers Bank Secure Trust Bank Vanquis Bank |
5.85% |
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 - 4th of August 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.