What is an ethical ISA in the UK?
An ethical ISA is an individual savings account that invests in socially responsible and environmentally sustainable companies. To learn more about this type of savings account, consider its main features:
- Ethical criteria are fundamental in the identification of these accounts. Focus on companies that have a positive social and environmental impact.
- Individuals can invest in the following types of ethical accounts - Cash Investment Saving Account or Stocks and Shares ISA
- As part of ethical investing, you can be sure that your funds will not be invested in such industries as tobacco, weapons, and fossil fuels.
- Tax-Free Growth: As with conventional ISAs, ethical ISAs guarantee tax-free growth to grow your net income
Thus, we can conclude that ethical accounting is not only about investments but also about values. Therefore, we recommend that you familiarize yourself with the offers of banks and financial institutions in more detail, compare interest rates and other savings account parameters.
Calculate future income on a 1-year term deposit (example):
| Amount, $ | Rate, % | Accrued %, $ |
| 25,000 | 4.00% | 1,000 |
| 25,000 | 4.05% | 1,013 |
| 25,000 | 4.10% | 1,025 |
| 50,000 | 4.50% | 2,250 |
| 50,000 | 4.55% | 2,275 |
| 50,000 | 4.60% | 2,300 |
| 100,000 | 5.00% | 5,000 |
| 100,000 | 5.05% | 5,050 |
| 100,000 | 5.10% | 5,100 |
| 200,000 | 4.50% | 9,000 |
| 200,000 | 4.55% | 9,100 |
| 200,000 | 4.60% | 9,200 |
You can also see the similar FAQ at the link:
- Lloyds business banking application
- Lloyds business banking change of address
- Lloyds charity bank accounts
- Lloyds corporate banking
- Lloyds mobile business banking
Details of companies offering the financial services:
Coventry Building Society
Head office’s address: High Street
Contact center: 0800-121-8899
Phone: +44 (024) 7655 52 55
Web-site: http://www.coventrybuildingsociety.co.uk/
Nationwide
Head office’s address: Nationwide House Pipers Way
Contact center: 0800-30-20-15
Phone: +44 (034) 5730 20 15
Web-site: http://www.nationwide.co.uk
Swift code: NBSMGB22
Reference number: 106078
Stock code: NBS
ABN: 355B
BSB: NBSM
Shepherds Friendly
Head office’s address: Haw Bank House, High Street, Cheadle
Contact center: 0161-495-6495
Web-site: https://intermediary.shepherdsfriendly.co.uk/
Triodos Bank
Head office’s address: Deanery Road, Bristol, BS1 5AS
Phone: +44 330 355 0355
Web-site: https://www.triodos.co.uk/