📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Ethical saving

Options
Does anyone have any advice on the best savings accounts with ethical standards attached? I prefer to go for an ethical account even if this means less interest, but I don't really know where to start and I would still like the best deal possible. I know the Co-op are meant to have good ethical standars but are there better, less known deals out there. Any advice would be appreciated!

Comments

  • Milarky
    Milarky Posts: 6,356 Forumite
    Part of the Furniture 1,000 Posts Photogenic
    What about joining a credit union? - very ethical - but the low rate of interest reflects the fact that handling money absorbs quite a bit of it.

    What about lending your money to Zopa? - you can ask for the rate that reflects your own views - I am sure that many lenders would gladly take money at 2 or 3 percent if you only set your lending figure at this.

    What about 'CITR' accounts? - give the money to charitybank for five years and collect five percent tax free income (you have to be a taxpayer for this to work)? Best of the bunch I'd say
    .....under construction.... COVID is a [discontinued] scam
  • cheerfulcat
    cheerfulcat Posts: 3,402 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Triodos Bank and the Ecology Building Society offer ethical accounts. The Vegan Society has more information on ethical investing.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.1K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244.1K Work, Benefits & Business
  • 599.1K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.