You will find below information regarding savings rates from the first week of February 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% |
4.51% |
4.26% |
|
Co-operative Bank |
Online Saver |
2.65% |
Select Access |
1.31 – 3.25% |
4.43% |
3.65% |
|
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 |
Leeds Building Society – Limited Issue Online Account |
5.10% |
Beverley Building Society – 90 Day Society |
5.50% |
SmartSave Bank |
5.16% |
SmartSave Bank |
4.56% |
|
2 |
Charter Savings Bank – Easy Access |
5.08% |
Vanquis Bank – 90 Day Notice |
5.40% |
Investec Bank |
5.15% |
Al Rayan* Bank of London and the Middle East* |
4.50% |
|
3 |
Kent Reliance Building Society – Easy Access Virgin Money – Defined Access e-Saver |
5.07% |
Bank of London and the Middle East* - 90 Day Notice |
5.35% |
Virgin Money - eBond |
5.11% |
Gatehouse Bank RCI Bank |
4.45% |
|
4 |
Paragon Bank – Double Access Account |
5.05% |
Investec Bank – 90 Day Notice Vanquis Bank – 120 Day Notice |
5.25% |
Atom Bank |
5.10% |
Hodge Bank |
4.40% |
|
5 |
The Family Building Society – Online Saver |
5.04% |
Charter Savings Bank – 90 Day Notice (www.chartersavingsbank.co.uk) Harpenden Building Society – 60 Day Notice |
5.15% |
Charter Savings Bank |
5.08% |
Atom Bank |
4.35% |
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 - 9th of February 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.