Ecology Building Society > Reviews > Ecology Cash ISA

Author's product rating:   

Competitiveness of APR	Good
Product package	Average
Additional Charges	very low
Security and Privacy	excellent

Advantages:	Environmental benefits
Disadvantages:	Interest penalty for early withdrawals

Recommend to potential buyers:

yes

Full review

I have recently opened an Ecology Building Society cash ISA and so far am very impressed with the product and the society. The cash ISA pays 5.95% per year, but you get an extra 1% if you don't make any withdrawals, which could be a good incentive not to spend your savings! The main advantage of the Ecology over other providers is their ethical/environmental stance - you are really getting added value by taking out an ISA. The society encourages socially responsible projects and sustainable development - your money is being put to good use. They may be small, but their service has been friendly and efficient. All the information was easy to read and understand. The ISA is not CAT standard, but this doesn't have to be a bad thing - in this case it just means that you can't access your money instantly, but within a period of 4 days or so. So far I am very impressed, and my conscience is clear!