You will find below information regarding savings rates from the first week of April 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% |
4.53% |
4.12% |
|
Ecology Building Society |
Easy Access |
3.60% |
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 |
Post Office – Online Saver |
5.06% |
Beverley Building Society – 90 Day |
5.50% |
SmartSave Bank - 1 Year Fixed Rate |
5.16% |
Al Rayan* - 3 Year Fixed Term Close Brothers – 3 Year Fixed Rate |
4.65% |
|
2 |
Virgin Money – Defined Access e-Saver |
5.01% |
Investec Bank – 90 Day Notice |
5.25% |
Charter Savings Bank – 1 year Bond (www.chartersavingsbank.co.uk) OakNorth Bank – 1 Year Fixed Rate |
5.11% |
Hodge Bank – 3 Year Fixed Rate Online Only |
4.60% |
|
3 |
Oxbury Bank – Easy Access |
4.94% |
Vanquis Bank – 120 Day Notice |
5.20% |
Aldermore Bank – 1 Year Fixed Rate Account Hodge Bank – 1 Year Fixed Rate Tesco Bank – 1 Year Fixed Rate Account |
5.06% |
Atom Bank – 3 Year Fixed Rate Bank of London and the Middle East* – 3 Year Fixed Term Tesco Bank – 3 Year Fixed Rate Account |
4.50% |
|
4 |
Aldermore Bank – Double Access Account |
4.90% |
Charter Savings Bank – 95 Day Notice (www.chartersavingsbank.co.uk) Vanquis Bank – 90 Day Notice Account
|
5.15% |
Al Rayan Bank* - 1 Year Fixed Term Kent Reliance Building Society – 1 Year Fixed Rate Paragon Bank – 1 Year Fixed Rate |
5.05% |
Gatehouse Bank* – 3 Year Fixed Rate RCI Bank – 3 Year Fixed Rate Bond |
4.45% |
|
5 |
Leeds Building Society – Limited Issue Online Account (www.leedsbuildingsociety.co.uk) Principality Building Society – Online Double Access Account |
4.85% |
Kent Reliance Building Society – 60 Day Notice |
0.10 – 5.13% |
Bank of London and the Middle East* - 1 Year Fixed Term Ford Money – 1 Year Fixed Rate Investec Bank – 1 Year Fixed Rate |
5.00% |
Aldermore Bank – 3 Year Fixed Rate Account |
4.41% |
1. Best Buys are market 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 April 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.