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Savings with a conscience? (feddit.uk)

submitted 1 year ago by [email protected] to c/[email protected]

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Hi, since https://feddit.uk/c/ukpersonalfinance seems to be locked I'll ask my question more broadly.

What's a good place to find out about banks worth opening savings accounts with that avoid major fossil fuel (and other bad things) investment? The usual suspects that are on the street protesting don't seem to actually have divestment lists.

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[–] [email protected] 6 points 1 year ago

It's tricky finding anything out about a lot of places. If you're interested in investments instead of savings, you could look at ESG funds. They generally have mandates to avoid fossil fuel investments.

Though in my experience, it just means more tech stocks!

BristolPost seems to have an article with a reasonably up-to-date list of a lot of places. https://www.bristolpost.co.uk/news/uk-world-news/climate-change-list-uk-banks-8396310

(And yes, the locking of subs...It still all needs working out. Moderators are not set in stone. I've popped up an alternative for now, still need to get all the information together: https://feddit.uk/c/personalfinance )

[–] [email protected] 5 points 1 year ago

Ethical Consumer do a decent job in assessing this sort of stuff, so if you are generally interested then it might be worth a subscription https://www.ethicalconsumer.org/

[–] [email protected] 4 points 1 year ago (1 children)

Building societies are usually a good bet. Natienwide have a reasonably competitive selection to choose from.

[–] [email protected] 3 points 1 year ago

I looked at nationwide before posting and found their 3 withdrawal fixed term to be quite competitive at 3.0%