New Ethical Savings Bonds
Fixed-term, fixed-rate accounts that support the UK's best ethical enterprises
Triodos Bank has launched a new range of Ethical Savings Bonds. The fixed-term, fixed-rate accounts offer savers a good interest rate, with the assurance that their money will only support organisations that are working sustainably to benefit people and the planet.
Triodos offers three Ethical Bonds
- Triodos Ethical Two Year Bond: 2.75% AER/gross* interest for two years
- Triodos Ethical Three Year Bond: 3.25% AER/gross* interest for three years
- Triodos Ethical Five Year Bond: 3.75% AER/gross* interest for five years
- Money saved in the accounts will only be used to finance organisations delivering social or environmental benefits
- Savers can see exactly who Triodos lends money to at www.knowwhereyourmoneygoes.co.uk.
Huw Davies, Triodos Bank's Head of Personal Banking says, "We're responding to the growing number of savers who want to know how and where banks use their money, and also receive a good return on their deposits. Many people want sustainable and ethical businesses to flourish, particularly at a time when investment in social and environmental initiatives is needed more than ever. Our Ethical Bonds offer a practical way in which savers can align their principles with their financial decisions".
The new Bonds will be used exclusively to support organisations that are tackling social and environmental issues, from community groups and arts organisations to renewable energy and recycling projects. The sustainable bank already supports over 750 ethical enterprises in the UK, with lending and commitments exceeding half a billion pounds (£500m).
Recent research* from Triodos Bank shows that over a third (34%) of UK consumers state that a bank that places importance on issues such as the environment, human rights and sustainability is important to them. This demonstrates that people want more from their banks, but are doing little about it at the moment, with only 2% using an ethical savings provider for their main savings products.
Huw Davies says, "Saving ethically is one of the most powerful things you can do as a consumer. If you take an interest in the wider issues impacting our future, why not consider putting your savings to good use while they earn you a return"
For more information, comment or a case study, please contact:
Jack Ozanne / Will Ferguson
0117 980 9721 / 07983 002013
email@example.com / William.firstname.lastname@example.org
* Opinium Research carried out an online survey of 2,000 UK adults aged 18+ from 19th to 21st January 2011. Results have been weighted to nationally representative criteria.
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 in the UK is part of Triodos Bank NV which is based in the Netherlands. Rather than the FSCS, UK depositors are covered by the Dutch deposit guarantee scheme which is also based in the Netherlands. This means that if our bank is unable to meet its financial obligations, our eligible UK depositors would be entitled to claim up to €100,000 from the scheme. For joint accounts, the maximum limit applies to both account holders, i.e. €100,000 each.
Triodos Bank offers a range of personal savings accounts as well as other investment opportunities. The Triodos Online ISA currently pays 2.01% AER including a 0.25% 12 month bonus and the Online Saver Plus pays 2.0% including a 1% 12 month bonus. Triodos also offers a range of Charity Saver accounts where 0.25% of the average annual balance is donated to one of a range of charity partners such as Amnesty International, Friends of the Earth, the Fairtrade Foundation and the Soil Association among others.
Triodos also offers investments in Triodos Renewables plc which invests in a range of sustainable energy projects, and the Triodos Microfinance Fund which helps increase access to financial services for the working poor in developing countries by investing in microfinance institutions and banks across Africa, Asia, Latin America and Eastern Europe.