Spotlight: Triodos' ethical ISA

 

Simon Read Author Biography

Simon Read

Simon Read is Personal Finance Editor at The Independent. He edits the Saturday Your Money section as well as writing for the news and business pages of the Independent and i newspaper.

More articles from this journalist

Friday 29 March 2013

The deal

Triodos is offering an Ethical Fixed Rate ISA paying 2.1 per cent over two years and 2.3 per cent over three years.

Good points

The rate is reasonable but the key point is that your cash is used to finance organisations delivering a positive environmental, social or cultural impact.

Bad points

There are better rates out there.

Conclusion

The question shouldn't be can you afford to invest ethically, but can you afford not to. The alternative – sticking money in a high street bank – means boosting bankers' bonuses and increasing shareholders' wealth. Invest ethically and you can see exactly how your money is being used at Triodos' website www.knowwhereyourmoneygoes.co.uk

Independent Partners; Do you need financial advice on your investments, pension or insurance? Book a free consultation with an independent Financial Adviser at VouchedFor.co.uk

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