You will find below information regarding savings rates from the first week of August 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 |
Easy Access |
3.22% |
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% |
4.34% |
4.12% |
|
Ecology Building Society |
Easy Access |
3.60% |
35 Day 180 Day |
4.10% 5.00% |
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 |
Principality Building Society - Online Double Access Account |
5.00% |
Hinckley And Rugby Building Society - 180 Day Notice Rainy Day Investec Bank - 90 Day Notice |
5.25% |
SmartSave Bank - 1 Year Fixed Rate |
5.02% |
Oxbury Bank - 3 Year Fixed Rate |
4.66% |
|
2 |
Leeds Building Society - Limited Issue Online Account |
4.80% |
OakNorth Bank - 95 Day Notice Tracker |
5.12% |
Allica Bank - 1 Year Fixed Rate Ford Money - Fixed Rate Progressive Building Society - 1 Year Fixed Rate |
5.00% |
Al Rayan - 3 Year Fixed Term* |
4.50% |
|
3 |
Aldermore Bank - Double Access Account RCI Bank - Freedom Savings Account |
4.75% |
Vanquis Bank - 90 Day Notice Account |
5.10% |
Hodge Bank - 1 Year Fixed Rate |
4.95% |
Gatehouse Bank - 3 Year Fixed Rate* Hodge Bank - 3 Year Fixed Rate (Online Only) |
4.45% |
|
4 |
Tesco Bank - Internet Saver Account |
4.61% |
BLME - 90 Day Notice Account* |
5.05% |
Shawbrook Bank - 1 Year Fixed Rate |
4.91% |
Atom Bank - 3 Year Fixed Rate BLME - 3 Year Fixed Term RCI Bank -3 Year Fixed Rate Bond |
4.40% |
|
5 |
Charter Savings Bank - Easy Access |
4.60%
|
Market Harborough Building Society - 180 Day Notice |
5.00% |
BLME - 1 Year Fixed Term* |
4.90% |
Investec Bank - 3 Year Fixed Rate |
4.35% |
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 - 12th of August 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.