Put your savings away for a fixed rate of return

Manage your money from your phone or desktop

An ethical way to lock your savings away for a set period of time and enjoy a fixed rate of interest.

Everything you need to know about the Triodos Ethical Savings Bond, including key features.

What is the interest rate?

Interest rate is fixed for the term. Rates for each term are:

Term	1 year	2 year
Rate	4.00% gross/AER*	3.75% gross/AER*

Interest is calculated daily and paid annually and on maturity, or paid monthly to your chosen interest payment account. The interest rate you receive will be fixed on the date that your full opening deposit is received, so may be different to the rate shown when you applied for the account.

Can Triodos Bank change the interest rate?

No – the interest rate is fixed when your full opening deposit is received and your application is complete. You will be able to check the interest rate that has been applied in Internet Banking.
Rates may change between the time the application is made and the time the account is opened and full opening deposit received. The interest rate you receive will be shown in Internet Banking.

What would the estimated balance be on maturity based on a £1,000 deposit?

Term	1 year	2 year
Balance	£1,040.00	£1,076.41

This estimate is based on £1,000 being deposited at account opening, no further deposits or withdrawals being made and interest being added to the account annually and at maturity. This projection is for illustrative purposes only and does not take into account your personal circumstances.

How do I open and manage my account?

Account holders must be aged 16 or over.
To open an account the account holders must be UK residents.
The account can only be opened in the Triodos Mobile Banking App.
The account can be opened in sole or joint names.
The minimum opening deposit is £500.
You will need to provide details of a nominated account for payment of the opening deposit and for receipt of all withdrawals. This must be a sterling account with another UK bank or building society or another Triodos Bank UK account in your name.
The opening deposit must be made by electronic transfer from a nominated account or from an existing Triodos UK account.
No further deposits are allowed after the full opening deposit is received.
The maximum balance is £1,000,000.
The account can be viewed online.
The interest rate you receive will be fixed on the date that your full opening deposit is received, so may be different to the rate shown when you applied for the account.
The fixed term will start on the date that your full opening deposit is received.

Can I withdraw money?

Once your full opening deposit has been paid there is a 30 day cancellation period when you will be able to cancel your Ethical Savings Bond and your money will be returned to you.
Once the cancellation period has ended withdrawals are not allowed.
The account can only be closed on death of a sole depositor or in exceptional circumstances at our discretion.

Additional information

A minimum of 30 calendar days before the fixed maturity date we will contact you to inform you of your options. At maturity the Account will automatically be changed to a variable rate savings account, unless you advise us to do something differently.

*The gross rate is the rate payable without any tax taken off. Credit interest on all our accounts is paid gross. You may need to pay tax to HM Revenue & Customs if the total interest you earn is greater than your Personal Savings Allowance. Visit www.gov.uk/apply-tax-free-interest-on-savings for more details.

** AER shows what the interest rate would be if interest was paid and compounded once each year.

> Download the Summary Box for the Triodos Ethical Savings Bond

Terms and Conditions for our personal savings accounts182 KB, PDF
Triodos Ethical Savings Bonds Summary Box45 KB, PDF
Personal Savings: Change of account type request form69 KB, PDF
Interest rates for personal accounts - including discontinued accounts effective until 27 November 2024106 KB, PDF
Savings factsheet - effective until 27 November 202484 KB, PDF
Interest rates for personal accounts - including discontinued accounts - effective from 28 November 2024106 KB, PDF
Savings factsheet - effective from 28 November 202484 KB, PDF
Interest rates for personal accounts - including discontinued accounts effective from 28 November 2024106 KB, PDF

FAQs

Can I have more than one Triodos Ethical Savings Bond?

Where and when is interest paid with the Triodos Ethical Savings Bonds?

What if I need to take money out of my Ethical Savings Bond before the end of the term?

After the first 30 days, you cannot withdraw your funds or close the account. The account can only be closed before the end of the term on death of a sole depositor, or in certain exceptional circumstances at our discretion. Where the bond is held in joint names, on the death of one account holder we will require a new mandate and transfer the bond into the name of the remaining account holder.

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What happens when my Ethical Savings Bond matures?

We'll write to you one month before your bond matures, asking you where you’d like your funds to go. If you have internet banking you will be able to make your choice online and can decide to either reinvest or transfer your matured funds to another account.

If we don’t hear from you before your bond matures, we’ll open a variable rate savings account on your behalf and write to let you know. There will always be opportunities for you to reinvest your money with Triodos, and we hope you choose to do so.

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How much can I save in a Triodos Ethical Savings Bond?

Saving with Triodos is different. We lend our savers' money only to organisations that make a positive impact on society and the environment. So, while you earn interest, your money works for positive change.

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