Ecology Cash ISA

Key Features:

  • Current variable interest rate of 3.60% tax free* p.a/AER**
  • Ethical savings account that helps to support green and sustainable homes and businesses in the UK
  • The minimum amount to open and keep an Ecology Cash ISA is £25
  • The maximum ISA allowance is £20,000 for the 2024/2025 tax year
  • Transfers in accepted from previous years' cash ISAs
  • No-notice withdrawals; however, if a withdrawal is made, the value may only be replaced by further subscriptions where the annual investment limit for the relevant tax year has not been reached.
  • View your account, request withdrawals and send secure messages via our online service (restrictions apply)
  • This account is not available for children
  • Voting rights available (1)

*All ISA interest is paid tax-free, which means it's exempt from income tax and no tax is deducted.  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.

  1. Voting rights are available to those individuals aged 18 or over whose account balance was not less than £100 between the Society’s previous financial year end (or other date as specified in the Rules) and the date of voting.
Ecology Cash ISA Summary Box

The information provided in this Summary Box is a summary of the key features of the Ecology Cash ISA. It isn’t intended to be a substitute for reading the Product Specific Conditions.

Account name: Ecology Cash ISA

What is the interest rate?

The Ecology Cash ISA will offer a variable rate of interest of 3.60% tax free* p.a/AER**.

Interest is calculated daily and credited to your account on 5 April each year. If you close the account before 5 April we’ll credit the interest to your account on the day you close it.

* All lSA interest is paid tax-free, which means it’s exempt from income tax and no 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.

Can Ecology Building Society change the interest rate?

We may change interest rates at any time.

Where we make any such change, we will act reasonably and we will only make the change if we believe it is fair in the circumstances.

For further information regarding interest rate changes including the process for notifying you, please refer to section 10 in our General Savings Terms and Conditions.

What would the estimated balance be after 12 months based on a £1,000 deposit?

Based on an interest rate of 3.60% tax free, the balance on a £1,000 deposit after 12 months would be £1,036.00.

This illustration is an example to help you compare accounts. It does not take into account your individual circumstances.

How do I open and manage my account?

Applications can be made online or by posting a completed application form.

The ISA investment will be, and must remain in, the beneficial ownership of the investor and must not be used as security for a loan.

You can manage your account online by using our Digital service (restrictions apply) or by post.

You can view your account transactions, send secure messages and request
withdrawals online.

Deposits to this account can be made by bank transfer, Standing Order, or cash ISA Transfers In from another provider or Ecology ISA.

Payments can take up to two working days to show on your account.

The ISA investment limit for the 2024/2025 tax year is £20,000 and the minimum amount to open and maintain an Ecology Cash ISA is £25.

Can I withdraw money?

Yes, you can withdraw money. Withdrawals must be for a specific amount unless the account is to be closed. Accounts can be closed upon request and with no penalty. The minimum amount to open and maintain an Ecology Cash ISA is £25.

If you make a withdrawal, the value may only be replaced by further payments where the annual investment limit for the relevant tax year has not been reached.

Withdrawals should be requested online via our Digital service (restrictions apply), by telephone, or if you operate your account by post by using a Withdrawal form.

Additional information
This Summary Box should be read in conjunction with the following documents before applying for an Ecology Cash ISA:
• Ecology Cash ISA Product Conditions
• General Savings Terms and Conditions
• FSCS Information Sheet
• Current Savings Rates and Charges
• Savings Account Identification Requirements

How to apply

Applying for an account is simple. We’ll guide you through the process step by step.

1

Register with our online service or log in to your account below

2

Fill in our online application form

3

Start saving for a greener future

New to Ecology?

You’ll need to register with us before you apply for an Ecology Cash ISA.

Register

Existing Member

If you’re an existing Ecology member, log in to your account online or register for our online service to apply.

Login Register

Transfer your ISA to us

If you have an ISA with another provider and you'd like to transfer it to us, you can do this below.

1

Register with our online service or log in to your account below

2

Fill in our online application form

3

Start saving for a greener future

New to Ecology?

You’ll need to register with us before you apply to transfer your ISA to an Ecology Cash ISA.

Register

Existing Member

If you’re an existing Ecology member, log in to your account online or register for our online service to transfer your ISA.

Login Register
How can I pay money in?

You can make payments into your account by bank transfer, transfer from another Ecology account and Standing Order.

Please see our General Savings Terms and Conditions for more information and Product Specific Conditions.

If you want to transfer funds direct via Faster Payments or CHAPS, your bank will need the following details:

• Destination sort code: 08 90 72
• Destination account number: 70361591
• Account name: Payee name
• Reference: quote your 10 digit Ecology account number

If your account number is not quoted, the payment will be returned.

Transferring money from a Co-operative Bank account?
The above details are for a collection account that we hold with the Co-operative Bank. Please note, if you hold an account with the Co-operative Bank and are using their online facility to transfer funds into your Ecology account, you will need to use the Co-operative’s ‘bill payment‘ function. This is because it will allow you to quote a reference when making your transfer; without a reference, we may be unable to pay the money into your Ecology account.

Our impact

Our impact isn't about the profit we make – it's about the difference we make to the environment and to communities across the UK.

Since 1981 we've lent to over 3,500 projects, supporting individuals, charities, environmental businesses and community-led housing organisations to realise their sustainable living ambitions.

Check out our See Where Your Money Goes map to find out how many sustainable homes and businesses we're supporting in your area right now.

Refugees smile at the camera whilst on a trip in the Lake District with the development education centre Global Link, showing the impact of ethical savings with Ecology Building Society

Image: Global Link, an inspiring community-led project in Lancashire supported by an Ecology mortgage. 

 

 

Rated as an ethical Best Buy for our mortgages and savings

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UntitledYour eligible deposits with Ecology Building Society are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered. Download the FSCS leaflet for further details or visit www.fscs.org.uk | FSCS Information Sheet