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Savings with a conscience? (self.askuk)

submitted 1 year ago by ilidur to c/askuk

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Hi, since https://feddit.uk/c/ukpersonalfinance seems to be locked I'll ask my question more broadly.

What's a good place to find out about banks worth opening savings accounts with that avoid major fossil fuel (and other bad things) investment? The usual suspects that are on the street protesting don't seem to actually have divestment lists.

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[–] snacks 4 points 1 year ago

Co Op Savings have for a long time had more ethical investments, as have Tridos Bank. HSBC still don’t seem to have solved their Mexican death squads issue.

I have used wealthify for a pension, they offer isa savings and pensions with higher esg scores, you let them manage it for you for a small fee, few pounds a month.

I’ve also used freetrade and just bought shares in an ISA for companies I consider to be more ethical, but with capital you must dance with the devil to some degree. The problem I had with freetrade is the fee changes but they have free accounts still, you just pay for the transactions instead. You can just invest in wind farms (TRIG) or hydrogen or something like that. I’ve had mixed results and not really made any money.