You will find below information regarding savings rates from the first week of June 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 |
2.97% – 3.16% 3.00% – 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 180 Day |
4.10% 4.75% |
n/a |
n/a |
|
Triodos |
Everyday Savings |
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 |
Oxbury Bank – Easy Access |
4.94% |
Beverley Building Society – 90 Day |
5.50% |
Al Rayan Bank* - 1 Year Fixed Term |
5.20% |
Atom Bank – 3 Year Fixed Rate |
4.75% |
|
2 |
Charter Savings Bank – Easy Access |
4.93% |
Charter Savings Bank – 95 Day Notice (www.chartersavingsbank.co.uk) Investec – 90 Day Notice Vanquis Bank 90 Day Notice |
5.25% |
SmartSave – 1 Year Fixed Rate |
5.16% |
Shawbrook Bank – 3 Year Fixed Rate |
4.73% |
|
3 |
Aldermore Bank – Double Access Account |
4.90% |
Vanquis Bank – 120 Day Notice |
5.20% |
Atom Bank – 1 Year Fixed Rate Vanquis Bank – 1 Year High Yield Bond |
5.15% |
RCI Bank – 3 Year Fixed Rate
|
4.72% |
|
4 |
Leeds Building Society – Limited Issue Online Account |
4.85% |
Shawbrook Bank – 45 Day Notice Account |
5.16% |
Charter Savings Bank – 1 Year Bond |
5.09% |
Hodge Bank – 3 Year Fixed Rate (online only) Vanquis Bank – 3 Year High Yield Bond |
4.71% |
|
5 |
Saffron Building Society – eSaver |
4.80% |
Kent Reliance Building Society – 60 Day Notice |
0.10 – 5.13% |
Hodge Bank – 1 Year Fixed Rate |
5.04% |
Al Rayan Bank* - 3 Year Fixed Term |
4.70% |
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 - 7th of June 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.