Ethical Savers - Why It's Hard To Have It Both Ways

An interesting two-year fixed rate savings bond has just been introduced. But what makes this different to all the others is that the bond's funds will only be invested in renewable energy projects.

The Triodos Renewable Energy Bond

• Minimum investment £2,500, maximum £10,000
• Interest is 4.5% per annum
• The term is fixed for 2 years
• The money will be invested in small-scale renewable energy projects here in the UK
• Offered by the Triodos Bank, a leading European ethical banks based in Holland but with a UK office

Contrast The Ethical Bond With a 5.9% Interest Rate

• Britannia Building Society 1 Year Fixed Rate Bond
• Pays interest at 5.9% gross
• Minimum balance is £1,000
• Monthly interest option also available at 5.65%