You will find below information regarding savings rates from the first week of September 2023.
Our first table highlights the savings rates from what we believe to be the four key ethical savings providers in the UK as well as NS&I:
|
|
Instant Access AER |
Notice Account |
1 Year Fixed Rate Bond |
3 Year Fixed Rate Bond |
||
|
Charity Bank |
n/a |
n/a |
93 Day |
2.61-2.76% |
4.01% |
4.21% |
|
Co-operative Bank |
Online Saver |
2.65% |
Select Access |
1.31-3.25% |
4.37% |
4.50% |
|
Ecology Building Society |
Easy Access |
3.15% |
90 Day |
3.50-3.90% |
n/a |
n/a |
|
Triodos |
Everyday Savings |
3.09-3.45% |
n/a |
n/a |
4.25% |
*2-year Ethical Savings Bond* 4.50% |
|
NS&I |
n/a |
n/a |
n/a |
n/a |
n/a |
5.70% |
Our second table shows the top savings rates as determined by our source Deposit Sense:
|
Rating |
Instant |
AER Percentage |
Notice |
AER Percentage |
1 Year Fixed |
AER Percentage |
3 Year Fixed |
AER Percentage |
|
1 |
Principality Building Society – Online Double Access Account |
4.75% |
The Tipton & Coseley Building Society – 120 Day Notice Account |
5.30-5.50% |
NS&I – 1 Year Guaranteed Income Bond/1 Year Guaranteed Growth Bond |
6.20% |
Bank of London and the Middle East* |
6.00% |
|
2 |
Aldermore Bank – Double Access Account Post Office – Online Saver |
4.70% |
Bank of London & Middle East* - 90 Day Notice Account Vanquis Bank – 90 Day Notice |
5.35% |
SmartSave Bank |
6.01% |
OakNorth Bank |
5.96% |
|
3 |
Secure Trust Bank – Access Account |
4.65% |
Charter Savings Bank –120 Day Notice (www.chartersavingsbank.co.uk) RCI Bank – 95 Day Notice |
5.30% |
Bank of London & the Middle East* Close Brothers Bank Paragon Bank |
6.00% |
Hampshire Trust Bank |
5.95% |
|
4 |
Chorley & District Building Society – Easy Access Saver x2 Leeds Building Society – Limited Issue Online Account (www.leedsbuildingsociety.co.uk) Loughborough Building Society – Access x2 Saffron Building Society – My Saver or esaver |
4.60% |
Charter Savings Bank – 95 Day Notice (www.chartersavingsbank.co.uk) Vanquis Bank – 120 Day Notice |
5.25% |
Charter Savings Bank (www.chartersavingsbank.co.uk) Kent Reliance Building Society |
5.98% |
Hodge Bank RCI Bank |
5.90% |
|
5 |
OakNorth Bank – Easy Access Limited Edition |
4.56% |
Investec Bank – 90 Day Notice Paragon Bank – 120 Day Notice |
5.00% |
Hodge Bank |
5.96% |
Close Brothers 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 - 8th of September 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.