Savings Account Interest Rate Changes

We are increasing the interest rates on a number of our savings accounts (with effect from 30 October 2018).

As a result of these increases, the rate on all Ecology savings accounts will be above the Bank of England base rate (0.75%).

Variable mortgage rates remain unchanged.

We continually review our mortgage and savings account ranges and aim to balance the needs of our savers and borrowers. As always, our members can be confident that the money they save with Ecology is continuing to support projects that respect the environment and sustainable communities.

To find out more about how our members’ savings are helping to build a greener society by funding energy efficient new builds, renovations and conversions of existing buildings, please click here.

A table showing the previous and the revised rate for the accounts affected by this change is detailed below. There are no other changes to our savings account(s).

Table showing the previous and revised interest rates for the accounts affected by the change:

* All ISA interest is paid tax-free, which means it’s exempt from income tax. We pay all non ISA savings interest gross, which means no income tax is deducted. It’s your responsibility to pay any tax due, based on your individual circumstances. Tax rules may change in future.

**AER stands for Annual Equivalent Rate and provides a means of comparing interest rates by showing what the rate would be if interest was paid and added once a year.

For further details please visit ecology.co.uk/savings/.