Our Foundations Share account is a simple no notice account for people who want to make a difference with their money.
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. We'll keep you posted on the projects we're funding and new developments in the green building community, and as a member you'll get a say in how we're run.
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 Share account is available to individuals, trustees acting on behalf of a child, or groups of people.
To open an account with us, you need to be resident 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
- Interest is paid net, unless you are eligible for gross interest (you will need to complete and send us an HM Revenue & Customs form R85)
- 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 Share 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. We also offer a monthly savings option by direct debit or standing order (minimum £10 per month).
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.
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:
Janet and Robert’s story: our electricity usage halved
With Ecology’s help, Janet and Robert installed solar photovoltaic panels…
Our home has now achieved an A rating for Energy Efficiency, and in the first week of operation of the photovoltaic system, our electricity usage from the grid halved.
Janet and Robert, Ecology borrowers