35 Day Notice Savings Accounts

Key Features:

  • Variable interest rate of 4.10% gross* p.a./AER**
  • Ethical savings account that helps to support green and sustainable homes and businesses in the UK
  • Available to individuals and trustees (1)
  • The minimum amount to open and keep a 35-Day Notice account is £500
  • The maximum investment is £500,000
  • Withdrawals with 35 days’ notice
  • View your account and send secure messages via our online service (restrictions apply).
  • Option to apply for an account in a young person's name or on behalf of a child (2)
  • Voting rights available (3)

*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.

1. Where the trust account is subject to a formal trust document, accounts will only be accepted where a trustee or beneficiary has been a member of the Society for the previous twelve months.

2. These accounts can be opened for a young person aged 16 or 17, or by parents or relatives as trustees for a child of any age. For further information please refer to the section below How to apply if you are under 18 years old.

3. Voting rights are available to those individuals aged 18 or over whose account balance was not less than £100 between the Society’s previous financial year end (or other date as specified in the Rules) and the date of voting.

35-Day Notice Summary Box

The information provided in this Summary Box is a summary of the key features of the 35-Day Notice account and is not intended to be a substitute for reading the terms and conditions that apply to the account.

Account name: 35-Day Notice

What is the interest rate?

The 35-Day Notice account offers a variable rate of interest of 4.10% gross* p.a./AER**

Interest is calculated daily and credited to your account on 31 December each year. If you close your account before 31 December we’ll credit the interest to your account on the day you close it.

* 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.

Can Ecology Building Society change the interest rate?

We may change interest rates at any time if we reasonably believe that the change is needed for any of the following reasons (which may relate to circumstances existing at the time or those that are expected to apply in the near future):
• to respond to changes in the Bank of England Base Rate
• to respond to changes in mortgage or interest rates generally (including the interest rates paid on similar accounts by other providers of financial services)
• to enable us to manage the difference between the interest rates charged to our borrowers and interest rates paid to our investors, or the providers of funds to us, taking into account the interests of the Society, our members, and your rights and interests as an account holder
• to respond to changes in the law or the decision of a court or ombudsman
• to meet relevant regulatory requirements
• to respond to new (or changes to) statements or codes of practice or industry guidance designed to enhance consumer protection
• to reflect changes to our costs in providing the account, including administration costs and costs of providing services or facilities
• to introduce or alter ‘tiers’ of interest where different rates apply depending on the amount in the account.

Where we make any such change, we will act reasonably and we will only make the change if we believe it is fair in the circumstances.

Any change we make to interest rates will be proportionate to the circumstances giving rise to the change.

For further information regarding interest rate changes including the process for notifying you, please refer to section 7 in our leaflet Saving with Ecology – General terms and conditions.

What would the estimated balance be after 12 months based on a £1,000 deposit?

Based on an interest rate of 4.10% gross, the balance on a £1,000 deposit after 12 months would be £1,041.00.

This projection is provided for illustrative purposes only and does not take into account your individual circumstances.

How do I open and manage my account?

Applications for this account can be made online or by posting a completed application form.

With our online service, you can view your account transactions, send secure messages and request a withdrawal.

Deposits can be made by bank transfer, Standing order, transfer from another Ecology account or cheque.

The minimum amount to open and keep a 35-Day Notice account is £500. The maximum investment is £500,000.

Can I withdraw money?

Yes, you can withdraw money. 35 days’ notice is required for any withdrawal from your account. The minimum withdrawal amount is £250 and withdrawals must be for a specific amount unless the account is to be closed.

The notice period starts on the date we receive your request via our online service, or a completed withdrawal notification form.

Withdrawals can be requested through your online account or by using a Withdrawal form.

Additional information
This Summary Box should be read in conjunction with the following brochures and leaflets before applying for a 35-Day Notice account:
35-Day Notice information sheet
Saving with Ecology – General terms and conditions
FSCS Information Sheet
Current savings rates and charges
Savings account identification requirements

How to apply

Applying for an account is simple. We’ll guide you through the process step by step.


Register with our online service or log in to your account below


Fill in our online application form


Start saving for a greener future

How to apply if you are under 18 years old
Young person (16-17 years old)

An account can be opened by a young person aged 16-17 years with a cheque or a payment from an account in their name. You must complete an application form and send it to us. See the section on 'How to apply below'.

Alternatively, a parent/guardian or relative can open an account on the behalf (and in the name of a young person (16-17 years old) with either:

  • a cheque (drawn on their own personal current account);
  • a bank or building society cheque (supported by an investment account statement); or
  • a bank transfer.

A covering letter that confirms the relation to the young person and declares that the money will indeed be used by the young person must also be provided during the application. We will need to verify the identity and address of the young person. For details of how this is done, please read the Savings account identification leaflet. You can find this below.

Child (under 16 years old)

An account can be opened by a parent/guardian or relative as a trustee for a child under the age of 16 years if the parent/guardian or relative makes an initial deposit from an account held in their name.

Applicants (the parents/guardians or relatives) must each have their identity verified in accordance with the information provided in the Savings account identification requirements leaflet. Birth/Adoption certificate (original only), NHS Medical Card or National Insurance notification letter must also be provided during application.

How to apply for a 35-Day Notice account

Step 1.
Please read all the documents on the right before applying

Step 2.
Tick to download a 35-Day Notice account application form

Step 3.
Post your application form to us - please note, scanned copies are not accepted

Please note our identification requirements
list in case we request more information 

Please read these leaflets and tick to download the application

35-Day Notice account application

How can I pay money in?

You can make payments into your account by bank transfer, transfer from another Ecology account and standing order. You can also pay by cheque. Please see our Terms and Conditions for more information and Product Specific Conditions.

Cheques should be made payable to Ecology Building Society re: your name and the account number needs to be written on the back of the cheque so it is clear who the money is intended for. On joint accounts cheques can be made payable to either account holder.

If you want to transfer funds direct via Faster Payments or CHAPS, your bank will need the following details:

• Destination sort code: 08 90 72
• Destination account number: 70361591
• Account name: Ecology Building Society Investors Deps
• Reference: quote your 10 digit Ecology account number

If your account number is not quoted, the payment will be returned.

Transferring money from a Co-operative Bank account?
The above details are for a collection account that we hold with the Co-operative Bank. Please note, if you hold an account with the Co-operative Bank and are using their online facility to transfer funds into your Ecology account, you will need to use the Co-operative’s ‘bill payment‘ function. This is because it will allow you to quote a reference when making your transfer; without a reference, we may be unable to pay the money into your Ecology account.

Our impact

Our impact isn't about the profit we make – it's about the difference we make to the environment and to communities across the UK.

Since 1981 we've lent to over 3,500 projects, supporting individuals, charities, environmental businesses and community-led housing organisations to realise their sustainable living ambitions.

Check out our See Where Your Money Goes map to find out how many sustainable homes and businesses we're supporting in your area right now.

Image: Global Link, an inspiring community-led project in Lancashire supported by an Ecology mortgage. 



Rated as an ethical Best Buy for our mortgages and savings


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UntitledYour eligible deposits with Ecology Building Society are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered. Download the FSCS leaflet for further details or visit www.fscs.org.uk | FSCS Information Sheet