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Ethical banks

Choose where you want your money invested

If you have ever felt like doing your bit to help people around the world and stop those in power doing too much harm, then opening an 'ethical' bank account is the way to go.

Banking with an ethical bank will not only give you the chance to earn interest on your account but you can also rest in the knowledge your money isn’t harming animals, people or the environment.

The most popular ethical current accounts in this country are those from

the Co-operative Bank

and its internet arm, Smile

Other ethical financial options worth checking out include:

Also consider Sharia products such as accounts run by the Islamic Bank of Britain which does current accounts and savings accounts. These Islamic banks and financial institutions don’t invest in arms, tobacco, alcohol or pornography. They also don’t believe in charging interest. Various financial institutions such as Lloyds TSB and HSBC now offer Sharia products through every branch including Sharia mortgages and current accounts (even student accounts).

Read on for information on ethical investing.

Jasmine and the Moneymagpie team
Moneymagpie Moneypedia
17.01.2008