Savings

Saving for Good

If you invest in one of our Ethical Savings Accounts, you’ll help fund projects across the UK like Community-led Housing, Energy-efficient home Renovations, Sustainable Developments, and Community-based projects.

What you won’t be funding is Fossil Fuels, Mining Companies, Arms Trade, or Amazon Deforestation.

At Ecology we believe you should always know what your money is being used for, so we’ll always let you know about the sustainable projects your money has supported.

Our Range of Ethical Savings Accounts

Our range of simple and transparent ethical savings accounts work for you and the planet. A minimum investment of £10 can get you started, and you invest up to a maximum of £500,000. Limits apply to each account type.


Ecology Cash ISA

A simple and transparent Cash ISA where you can pay in and withdraw whenever needed and save up to £20,000 this tax year.

"A simple and transparent Cash ISA"

Key details

Current variable interest rate of 4.00% gross* p.a./AER**
Minimum amount to open the account: £25
Maximum investment for the 2023/2024 tax year is £20,000
Withdrawal notice: None


35-Day Notice

A medium-term variable rate savings account with a notice period of 35 days for withdrawals. Also available to open in a young person's name or on behalf of a child.

"A medium-term savings account"

Key details

Current variable interest rates of 4.10% gross* p.a./AER** 
Minimum amount to open the account: £500
Maximum investment: £500,000
Withdrawal notice: 35 days


180-Day Notice

A long-term variable rate savings account with a notice period of 180 days for withdrawals. Also available to open in a young person's name or on behalf of a child.

"A long-term savings account"

Key details

Current variable interest rates of 4.75% gross* p.a./AER** 
Minimum amount to open the account: £1000
Maximum investment: £500,000
Withdrawal notice: 180 days


Easy Access

A simple and transparent savings account, pay in and withdraw whenever needed, save up to £500,000 and receive the same interest rate whatever your balance. Also available to open in a young person's name or on behalf of a child.

"A simple and transparent account for unrestricted access"

Key details

Current variable interest rate of 3.60% gross* p.a./AER**
Minimum amount to open the account: £25
Maximum investment: £500,000
Withdrawal notice: None


Regular Savings

A limited access monthly savings account, save between £10 to £250 a month up to a maximum of £3,000 per calendar year.  Also available to open in a young person's name or on behalf of a child.
"A limited-access account for regular savers"

Key details

Current variable interest rate of 4.25% gross* p.a./AER**
Minimum amount to open the account: £10
Maximum investment: £250 per month
Maximum withdrawals per annum: 2
Notice required: none


*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.

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Ecology Building Society was rated as an ethical Best Buy for our mortgages and savings accounts by Ethical Consumer magazine in its product guide rankings (in issue Jul / Aug 2016).

 

 

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Here’s some of the latest sustainable projects our current savers have helped to fund

Our handy See Where Your Money Goes map of the UK highlights even more of the sustainable projects our Members have helped fund.

Building a future for refugees by Global Link

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Affordable Homes by Mull and Iona Community Trust

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Crofts Court by Oxfordshire Community Land Trust

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