You will find below information regarding savings rates from the first week of December 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 |
||
|
Charity Bank |
n/a |
n/a |
33 Day 93 Day |
3.00 - 3.16% 3.03 - 3.19% |
4.86% |
4.36% |
|
Co-operative Bank |
Online Saver |
2.65% |
Select Access |
1.31% - 3.25% |
4.75% |
4.56% |
|
Ecology Building Society |
Easy Access |
3.15% |
90 Day |
3.75% - 4.15% |
n/a |
n/a |
|
Triodos |
Everyday Savings |
3.09% - 3.45% |
n/a |
n/a |
4.25% |
*2 Year Ethical Savings Bond 4.50% |
Our second table shows the top savings rates as determined by our source Deposit Sense:
|
Ratings |
Instant |
AER |
Notice |
AER |
1 Year Fixed |
AER |
3 Year Fixed |
AER |
|
1 |
Metro Bank – Instant Access |
5.22% |
Oxbury Bank – 120 Day Notice |
5.53% |
Metro Bank |
5.80% |
Bank of London and the Middle East* |
5.35% |
|
2 |
Close Brothers Bank – Instant Access Hampshire Trust Bank – Easy Access |
5.15% |
Hampshire Trust Bank – 95 Day Notice |
5.51% |
Al Rayan Bank* |
5.70% |
RCI Bank |
5.20% |
|
3 |
Virgin Money – Defined Access e-Saver |
5.12% |
The Tipton & Coseley Building Society – 120 Day Notice |
5.30% - 5.50% |
SmartSave Bank |
5.66% |
Gatehouse Bank* |
5.15% |
|
4 |
Charter Savings Bank – Easy Access |
5.07% |
Vanquis Bank – 90 Day Notice
|
5.50% |
Kent Reliance Building Society |
5.58% |
Al Rayan Bank* M&S Bank Post Office |
5.10% |
|
5 |
Leeds Building Society – Limited Issue Online Account (www.leedsbuildingsociety.co.uk) Secure Trust Bank – Access Account |
5.00% |
Vanquis Bank – 120 Day Notice |
5.40% |
Charter Savings Bank |
5.57% |
Close Brothers Bank |
5.05% |
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 December 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.