Our New 35 Day Notice Account, Paying 4.10%

News Cupcakes with 35 decoration.

We’re delighted to launch our new 35 Day Notice Account, available now.

Great rate, great cause

The 35 Day Notice account offers a variable interest rate of 4.10%* and can be opened with a minimum opening balance of £500 online or by post. Withdrawals can be made without penalty by providing 35 days’ notice.

And, by saving with Ecology, you’re helping people, communities and our planet. In 2023, our Savings Members helped us to fund the development of 276 sustainable properties and projects, through our new lending. See more about where our impact-led lending goes on our interactive map.

Withdrawal of 90 Day Notice Account

We’re always reviewing our range of Savings products so that they’re simple to use and easy to understand.

Following the launch of our new 35 Day Notice account, we’re removing our 90 Day Notice Account from sale with immediate effect. We’ll honour any new postal applications for this account, provided they were dated before Thursday 29 February 2024 and are received by Friday 15 March 2024.

If you’re an existing 90 Day Notice Account Member you can continue to use your account as normal, including making additional deposits up to the maximum total balance per Member of £500,000.

Listening to Our Members

We’re adding this new notice account to our savings range in response to feedback from Members and changes in savers’ activity that we’ve seen across the market.

Pauline Crawford, our Savings Product Manager said:

Our new 35 Day Notice Account meets the growing trend of people wanting to move from an easy access account to one that has a better rate of interest, but still provides flexibility to get at their savings quickly if they need to cover unexpected expenses.

This change follows several recent improvements we’ve made to our product range. These include changes to our Regular Saver account to allow more Members to save more flexibly, and an increase in our Cash ISA interest rate.

Pauline said:

Every Ecology saver supports our goal of creating a fair society in a sustainable world. We’ll continue to review our products to make them as attractive as possible to help more people save for their future, while making a positive difference to our planet.

View our current range of ethical savings accounts.

Key product details: 35 Day Notice account

  • Variable rate of 4.10% gross* pa/AER**
  • Interest calculated daily and credited to account on 31 December each year
  • Minimum opening balance £500
  • Maximum balance £500,000 (this is the maximum amount a Member can hold with us across all of their Ecology Savings accounts)
  • Can be opened online or by post

*We pay all savings interest gross, which means that no tax is deducted. It’s your responsibility to pay any tax due, based on your individual circumstances. Tax rules may change in future.

**AER stands for Annual Equivalent Rate and provides a means of comparing interest rates by showing what the rate would be if interest was paid and added once a year.

Published: 28 February 2024

Author: Laura Baines

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