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Businesses challenged to move their money: Triodos Bank ups business savings rates and launches new fixed-term savings bonds

10-07-2012 | Triodos Bank today announced it has increased interest rates across its business banking savings range, making it easier for businesses to move their money from the main banks while also making saving sustainably more competitive commercially as well as good for businesses’ social responsibility.

The sustainable bank has also introduced new two and three year fixed-term savings bonds, enabling organisations to earn up to 3% AER/gross*, while knowing their money will be supporting the development of a more sustainable society.

"Enough is enough. We’re switching our business banking to the excellent Triodos Bank, a much better model of banking."

Triodos customer The Premises Studios in Hackney, London.

With a huge upsurge in interest in ethical and sustainable banking following the ongoing ‘Liborgate’ banking scandal, Triodos hopes the new accounts and increased rates will add an extra incentive for organisations to move their money. Triodos’ existing customers will also benefit from the rate increase.

Triodos customer The Premises Studios in Hackney, London, said on their blog last week: ‘Enough is enough…we’re switching our business banking.

We do what we can to act responsibly and we’ve decided that banking with Barclays is no longer a viable option for us. We are switching to a bank we already work with – the excellent Triodos Bank.  Triodos Bank are 100% sustainable, they only lend REAL money entrusted to them by their savers and they only work with people and organisations who are working to make a positive impact – culturally, socially and environmentally. We’ll be making the changes over the next few weeks and once we have done this you can be sure that anything you pay us will be going into a much better model of banking.  None of your studio fees will be given to the fat cats, they will be used in a fully responsible manner – a much better way of doing business all round we think.’

Dr Bevis Watts, Head of Business Banking at Triodos Bank, says: "As an industry, banking’s reputation is at an all time low. Businesses and charities are voting with their feet and choosing to save their money where it can have a real, positive impact.

"The public’s massive disillusionment with our broken financial system is clearly evident. But there’s little discussion about how we move things forward, about practical changes we can make that will mean banking works for the people, not against it. We believe Triodos has demonstrated that another way is possible, and hope our new accounts and rates will encourage businesses and charities across the UK to choose to save with Triodos, and in doing so take a small step towards a more sustainable banking future for us all."

Triodos only finances organisations delivering social, environmental or cultural benefits, so organisations and individuals depositing money with them know their money is being put to good use. The bank finances a range of organisations, including green energy pioneers Ecotricity and Hugh Fearnley-Whittingstall’s River Cottage.

Product information

Business and Charity Deposit Account

  • Notice Periods – Instant Access, 33 Day or 90 Day
  • Minimum Deposit - £1,000
  • Withdrawals – No limit
  • Access – Can be managed by phone, post or online
  • Interest – Variable, paid quarterly

More information about the Business and Charity Deposit Account

Treasurers Reserve Account

  • Notice Periods – 33 day or 90 day
  • Minimum Deposit - £25,000
  • Withdrawals – No limit
  • Access – Can be managed by phone, post or online
  • Interest – Variable, paid quarterly

More information about the Treasurers Reserve Account

Fixed Term Account

  • Minimum Deposit - £25,000
  • Interest – Paid at maturity into standard Triodos Account
  • Access – Set up via email offer, no internet banking or phone access
  • No early access to funds

More informatoin about the Fixed Term Account



Notes to editors

*Rates correct as of 11 July 2012. Rates are calculated daily so contact us for an up to date rate and ranges of terms. Annual Equivalent Rate (AER) illustrates what the interest rate would be if interest was paid and compounded once each year. Gross rate is the contractual rate before deduction of tax at the rate specified by law.

For more information, or a case study, please contact:

Lisa Stanley, lisa.stanley@triodos.co.uk 0117 980 9721 / 07983 002013

Will Ferguson, william.ferguson@triodos.co.uk 0117 980 9770 / 07899 965640

About Triodos Bank

Triodos Bank only finances enterprises which create social, environmental or cultural added value. Key sectors include organic food and farming, renewable energy, social housing, and fair trade. Transparency is a core value: customers are informed about the bank’s lending and can target their savings to particular areas of investment. A range of personal savings accounts is offered, and full banking services are available for businesses and charities. Triodos Bank is an independent bank founded in the Netherlands in 1980. Its principles and independence are protected through a special shareholding trust. The UK office opened in 1995 and is based in Bristol.


Triodos Bank NV  (incorporated under the laws of the Netherlands with limited liability, registered in England and Wales BR3012). Authorised by the Dutch Central Bank (DNB) and regulated by the Financial Services Authority (FSA) for the conduct of UK business. Registered Office: Deanery Road, Bristol BS1 5AS.

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