Ethical Consumer puts up rates
Interest rate on ECRA shares rises to 4% p.a.
From April 4th 2011, the rate of interest on shares in Ethical Consumer
Research Association (ECRA) rose from 3% to 4%. Board Chair Rob
Harrison explained, "Since 2008 individuals have been able to buy shares
in ECRA which, as a not-for-profit organisation, can pay reasonable
rates of interest but no dividends. We have been watching rates of
return rise elsewhere and need to offer a competitive rate. We have
also been showing improved trading figures recently."
Ethical Consumer uses shareholder funds to invest in new projects
like an open database for researchers around the world to collectively
add data on corporate malpractice.
For more information on buying shares in ECRA see the members
area of this website.