Ethical Banking.

WoodruffsDad · 4 November 2013 at 1:43PM

I have about £30k in my Co-op Bank current account.

Should I move it?

pmduk · 4 November 2013 at 2:16PM

From the basis of safety, you're well within the FSCS limits so you're not at risk of losing it.

DigForVictory · 4 November 2013 at 2:24PM

How about your local credit union?
For added peace of mind as to their ethics, volunteer to help?

opinions4u · 4 November 2013 at 2:58PM

WoodruffsDad wrote: »

I have about £30k in my Co-op Bank current account.

Should I move it?

To a savings account. Yes.

WoodruffsDad · 4 November 2013 at 3:09PM

pmduk wrote: »

From the basis of safety, you're well within the FSCS limits so you're not at risk of losing it.

Phew! That's a relief!

platterfish · 5 November 2013 at 12:51AM

WoodruffsDad wrote: »

I have about £30k in my Co-op Bank current account.

Should I move it?

Yes, be savvy and put it in instant access savings instead of your 0% current account.

BugsyBrowne · 5 November 2013 at 8:42AM

I used to always think ethical banks were for those from ethnic minorities.

WoodruffsDad · 5 November 2013 at 9:06AM

platterfish wrote: »

Yes, be savvy and put it in instant access savings instead of your 0% current account.

I'm a novice at savings. Any specific suggestions - preferably ethical?

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