Green or Ethical Savings Accounts

BonettiRules

I can't find a thred for this but I notice Market Harborough BS have an ethical account called Planet Saver.

Planet Saver - Market Harborough (mhbs.co.uk)

Planet Saver 150 Day Notice Account - Market Harborough (mhbs.co.uk)

Seems a decent rate and a good donation made to RSPB, Conservation International and Tusk.  Not found any other BS else doing this.

El_Torro

I think most of us (myself included) would go for a higher paying savings account, though 3.80% isn't terrible, albeit with a 150 day notice restriction. Not much use to have an emergency fund here if you have to give about 5 months notice. 

Despite my scepticism it's nice to see initiatives like this, assuming the money they say they are giving to good causes is making a difference.

EDIT: Come to think of it you can get an easy access account paying 5% at the moment. Considering that this Planet Saver account gives 0.45% of your interest to good causes you could just open a 5% account, give twice as much to good causes from the interest and still have an interest rate of about 4%. The concept is good but not overly generous. 

ircE

There are various savings account providers who do something of this nature, but I haven't seen them all compiled in one place. From what I've come across, they tend to be smaller building societies and credit unions.

One example is Saffron BS' Enviro Saver. Money equivalent to 0.1% of all deposits in this account is donated once a year to a charity selected by the Society's members.

There are also providers whose whole raison d'etre is "green or ethical", so the very fact of saving with them supports them to engage in these activities. The downside is that you won't necessarily see a direct link between your savings/accounts with them and the end result.

Triodos Bank, which offers a range of savings and investment products, has probably the greatest transparency with regards to how it uses its money - link. Ecology Building Society similarly uses member deposits for green lending - link. Charity Bank is run by, and exists to serve, charities and not-for-profit organisations, so savings are directly helping such organisations - link.

LightKnow

Triodos Bank - this probably highest
rated in terms of it's eithics and green investment , when you put money into there savings it shows how much co2 it saved etc etc 


Charity bank and ecology building society are close second and have good ways to make different or contribution e.g planet , housing etc 


Most building society are greener than alot big banks , so you could use them. 

You got others like starling bank who are green 


There's fair few other banks that make positive impact but you probably best picking either someone highly rated like triodos

If you start going through every single green bank or building society and see what values draws you towards them. You may end up situation like me lol am interested in another two in terms of what they bring ( trying to not go overboard, as I don't think I could fund them all )