Ecology Building Society savings rates — compare every account, plus switch offers and guides

Who they are

Ecology Building Society was established in 1981, based in Silsden, West Yorkshire, founded by a small group who each contributed £500 with the aim of providing mortgages for properties that respect the environment. As a mutual, it is owned by its members and creates a partnership between savers and borrowers built on shared values and a commitment to sustainability. That ethos has remained consistent for over four decades - this is not a society that exists purely to maximise returns, but one where your savings are put to work funding genuinely green projects.

Ecology provides mortgages across the UK for environmentally positive properties and projects, funded through a range of fair, transparent savings accounts. In 2016, it became the first building society to be awarded the Fair Tax Mark - a small detail that says a lot about how seriously it takes its values.

Savings accounts

Right now, Ecology's savings range on DepositScout shows one product: a Regular Saver paying 6.00% variable, with a one-year term and a minimum balance of just £10. That's a competitive rate for this account type, and the low entry point makes it accessible to most savers.

Your deposits are protected by the FSCS up to £120,000 - higher than the standard £85,000 limit that applies to banks, reflecting Ecology's building society status.

Is it right for you?

Ecology suits savers who care about where their money goes as much as what it earns. Saving with Ecology means your money supports eco self-builds, renovations, co-housing and sustainable communities - with simple, transparent savings accounts and the assurance your money is being used in line with your principles. The product range is deliberately modest compared to the big high-street names, so if you want a wide variety of fixed-rate bonds or ISA options, you may need to look elsewhere alongside.

That said, for a values-led Regular Saver with a strong rate and a very low minimum deposit, Ecology is well worth considering. As always, the live rates shown on this page are the ones to go by - they are kept current and will reflect any changes as they happen.