Triodos unveils environmentally friendly savings

17 October 2006
One of the UK's leading ethical investment institutions, Triodos Bank, has launched a new savings bond.

The Triodos Renewal Energy Bond is a two-year investment opportunity that pays a 4.5 per cent return as well as helping to combat climate change.

Called an "innovative approach" by Moneyfacts.co.uk, the account uses invested funds, which can be just £2,500 up to a maximum of a £10,000 investment, to help support sustainable renewable energy projects.

"Consumers don't have to tie up huge sums of money, as a relatively small deposit can help to make a big difference," Moneyfacts' head of savings, Rachel Thrussell, said, referring to the Triodos offering.

"While the interest rate offered is not market leading, it still provides a decent return, much higher than normally found in the affinity account market," she continued, "so consumers need not sacrifice their savings growth in return for doing their bit to help the planet."

To read more about ethical investments, click here.


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