For Immediate Release Tuesday 12th March 2013
TOP RATE CASH ISAs ARE ALSO ETHICAL BEST BUYS
More than half of the top ten cash ISAs by interest rate are also ethical best buys as identified by Ethical Consumer in its ethical product guide to cash ISAs.
Out of the top ten rated cash ISAs six are being offered by building societies or mutuals which are considered by Ethical Consumer to be an ethical choice because of their approach to business lending.
Co-editor of the Ethical Consumer Rob Harrison said:
“The fact that over half of the top ten cash ISAs are ethical best buys is a good demonstration that ethical choices are not always more expensive. Savers won't lose out by rejecting the products of the failed mainstream banking system.”
“In addition, sIx of the top ten fixed-term cash ISAs are being offered by ethical best buy companies including the ethical specialists Triodos Bank and Britannia (part of the Co-operative Group).”
“These top performing ethical ISAs provide another reason for savers to move their money and become part of the growing movement of consumers who want to vent their anger and frustration at the failed Big Five banks.”
The Move Your Money campaign estimates that since March 2012 over 500,000 consumers have now moved their accounts to more ethical providers.
1 A copy of the Ethical Consumer Cash ISAs product guide is available here