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We support local economies and communities by enabling the construction of affordable homes, including shared ownership and community-led housing projects, which offer a low impact approach to sustainable living, particularly in rural areas.
Making affordable homes more energy efficient helps tackle fuel poverty, as well as the carbon emissions produced by our housing stock.
We only use our members’ savings to support our mortgage lending on properties and projects that respect the environment.
Ethical saving is also about treating all of our saving members fairly, regardless of the size of your investment or how long you’ve saved with us. It’s about making sure that we operate our business in a way that matches our values.
Our mortgages support and promote building practices that respect the environment and sustainable, low impact communities. They are funded by our savers – not by the wholesale money markets – and they aim to incentivise lower carbon lifestyles through our series of mortgage discounts.
Interest will be credited to your account on 31 December each year
An annual statement will be sent to you in January
For details of our interest rates please read Current savings rates and charges
If requested, interest can be paid direct into your bank account in January each year (minimum £25) or to another account with the Society
We may vary the interest rate on your account from time to time – please see Saving with Ecology – general terms and conditions for more details
The minimum deposit is £25 per month and the maximum deposit is £250 per month, by Direct Debit only
Only one Direct Debit can be set up and we will collect payment from your bank account on the second working day of each month
The minimum withdrawal amount is £25
Two withdrawals are allowed in a calendar year
If you make three withdrawals in a calendar year we will close your account and transfer the whole balance, including accrued interest, to an Easy Access account
Following the closure of a Regular Savings account, you are not permitted to open a new Regular Savings account within 12 months of the closure date
Withdrawals should be requested by using a Withdrawal notification form or by sending us a letter signed by whoever is authorised to operate the account
Withdrawals can also be requested online via our Interactive facility (restrictions apply)
Withdrawals must be for a specified amount unless the account is to be closed
The minimum withdrawal amount is £250
If a withdrawal would take the account balance below the required amount to keep the account open (£500), the account will have to be closed
90 days’ notice is required for any withdrawal from your account. The notice period starts on the date we receive your signed request and we will send you a letter confirming the withdrawal due date. At the end of the 90 day period, we will process your request unless you have requested us to cancel it
If the notice period ends on a weekend or a bank holiday, it will be deemed to end on the last working day before and the amount to be withdrawn will become available from that date
Withdrawals can be requested by using a Withdrawal notification form or by sending us a letter signed by whoever is authorised to operate the account
The minimum deposit is £25
You can save monthly by Direct Debit or standing order
Deposits can be made by cheque through the post or by transfer via the banking system
Do you lend on moorings with a licence?
No we only lend on freehold or long term leasehold moorings with planning permission rights to moor a houseboat.
Do you lend for both the purchase of the mooring land and houseboat?
We only provide mortgage finance for the purchase of the mooring land.