You will find below information regarding savings rates from the first week of March 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% |
4.06% |
|
Co-operative Bank |
Online Saver |
2.65% |
Select Access |
1.31 – 4.09% |
4.43% |
3.65% |
|
Ecology Building Society |
Easy Access |
3.15% |
35 Day |
4.10% |
n/a |
n/a |
|
Triodos |
Everyday Savings |
3.09% - 3.45% |
n/a |
n/a |
4.25% |
*2 Year Ethical Savings Bond 4.00% |
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 |
5.16% |
Beverley Building Society – 90 Day |
5.50% |
SmartSave Bank |
5.28% |
Hampshire Trust |
4.65% |
|
2 |
Hampshire Trust Bank – Easy Access |
5.09% |
Bank of London & the Middle East* - 90 Day Notice Account |
5.35% |
Atom Bank |
5.25% |
SmartSave Bank |
4.64% |
|
3 |
Charter Savings Bank – Easy Access |
5.08% |
Investec Bank – 90 Day Notice |
5.25% |
Hampshire Trust Bank |
5.17% |
Investec |
4.62% |
|
4 |
Kent Reliance Building Society – Easy Access Virgin Money – Defined Access e-Saver |
5.07% |
Vanquis Bank – 120 Day Notice |
5.20% |
Hodge Bank |
5.16% |
Atom Bank Hodge Bank (Online Only) |
4.60% |
|
5 |
Secure Trust Bank – Access Account |
5.05% |
Charter Savings Bank – 95 Day Notice (www.chartersavingsbank.co.uk) Vanquis Bank – 90 Day Notice Harpenden Building Society – 60 Day Notice |
5.15% |
Investec Bank |
5.15% |
Aldermore |
4.55% |
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 March 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.