You will find below information regarding savings rates from the first week of January 2024.
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% |
n/a |
n/a |
|
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:
|
Rating |
Instant |
AER |
Notice |
AER |
1 Year Fixed |
AER |
3 Year Fixed |
AER |
|
1 |
Metro Bank
|
5.22% |
Beverley Building Society – 90 Day Vanquis Bank – 90 Day |
5.50% |
Al Rayan Bank* Reliance Bank |
5.50% |
Post Office |
5.00% |
|
2 |
Leeds Building Society – Limited Issue |
5.10% |
Vanquis Bank – 120 Day |
5.40% |
Ford Money |
5.35% |
Al Rayan* |
4.95% |
|
3 |
Charter Savings Bank (www.chartersavingsbank.co.uk) Virgin Money – Define Access |
5.07% |
Bank of London & the Middle East* |
5.35% |
Investec Bank |
5.30% |
Gatehouse Bank Post Office – eBond Tesco Bank |
4.60% |
|
4 |
Kent Reliance Building Society |
0.10 – 5.06% |
Harpenden Building Society – 60 Day
|
5.15% |
Secure Trust Bank |
5.26% |
Bank of London & the Middle East* TSB Vanquis Bank |
4.50% |
|
5 |
Paragon Bank – Double Access |
5.05% |
Hampshire Trust Bank – 95 Day Kent Reliance Building Society |
5.10% |
SmartSave Bank |
5.21% |
RCI Bank |
4.45% |
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 - 5th of January 2024
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.