Our Foundations Deposit account is a simple no notice account for charities and incorporated bodies who want to make a positive difference with their money. By opening a savings account with us, you're entering into a partnership to help build a more sustainable future.
We offer a fair rate of interest for all savers and you can manage your account by freepost or, subject to special terms and conditions, online. We pride ourselves in treating all members fairly and providing a personal and friendly service.
Best of all, you get the reassurance of knowing that your money is invested only in projects and properties that work for the good of people and the planet.
Our Foundations Deposit account is available to registered and unregistered charities and incorporated bodies.
To open an account with us, the organisation will need to be based in the UK.
If you've got any questions about whether you can open an account with us, please contact us – we'll be happy to help.
Key features
- Current interest rate 1.00% AER/Gross pa (0.80% Net pa)
- Open an account with a minimum of £25
- Maximum investment £125,000
- No notice is required for withdrawals
- Registered charities and incorporated bodies will automatically have their interest paid without the deduction of tax (i.e. gross) - for all other charities, interest is paid net, unless you send us a completed HM Revenue & Customs form 38(INP)
- Operation by first class freepost or, subject to special terms and conditions, online
- Individual customer service from our head office
- Your money is only used to support properties and projects that benefit the environment
How much can I save?
The minimum amount to open a Foundations Deposit account is £25, and the maximum investment is £125,000.
How is interest paid?
We calculate interest on a daily basis, credit interest to your account on 31 December each year, and send you an annual statement in January. The interest rate paid applies to the entire balance in your account and we pay interest on all balances, however low.
How can I pay in money?
You can pay in money by sending a cheque in the post or transferring money via the banking system.
How can I access my money?
You can withdraw your money without notice and penalty-free by sending a withdrawal notification form or a signed letter.
How will you keep me informed about my savings?
We'll send you an annual statement every January, as well as a regular newsletter highlighting some of the projects your money supports. You can also view your savings account at any time using our Interactive service.
Does this account give me voting rights in Ecology?
No - this is a deposit account for organisations rather than a share account for individuals, so it doesn't enable you to vote at our Annual General Meeting.
Save with us and you're helping to support sustainable development across the UK. The projects and properties we fund benefit the environment and local communities - whether it's an ecological new build, bringing a disused property back into use, or supporting a community enterprise.
We're proud to have supported over 2,000 projects since we started in 1981. Here's just one example of how we've helped:
Lydden Meadow: sustainable shared ownership
Ecology supported an affordable, energy efficient housing development in West…
We identified Ecology as being very supportive of affordable housing model. The bespoke shared ownership mortgage which they arranged for our project has been an essential part of the success of Lydden Meadow.
Buckland Newton Community Property Trust