Charity accountant, Josh who lives in Islington (London) with his wife Catherine and 3-month-old baby, is a strong believer that individuals and organisations alike should be making conscious decisions about their savings and investments.
Josh is keen to save ethically and has a number of ethical investments, including a Charity Bank 33-Day Ethical Cash ISA.
“Last year I had some spare cash and was keen that it did something useful. I already have a few ethical investments – these involve smaller amounts and are slightly riskier. A cash ISA felt like a more secure option as it is covered by the FSCS depositor protection scheme.
“I’ve always been interested in what my investments can do, both for me as a financial return and for those who are using my money. If you have money in the bank you should be aware that it is doing something – helping businesses, paying staff, creating products. Standard ISAs compete to give best financial return, but that percentage isn’t all there is, we must weigh up the non-financial return side too.
“With Charity Bank’s Ethical ISA, I knew my investment was also doing good as well as earning me a financial return.
“I believe we should all make conscious savings and investment decisions that match our values. Acting ethically matters to me and I try to be a conscious consumer. My wife and I buy local where possible, we boycott those companies who evade tax, and we have been talking about getting milk delivered in bottles to reduce plastic waste.
“We have a responsibility to society and this includes making a conscious decision about what we want our money to be doing whilst it’s sitting in the bank.”
About Charity Bank
Charity Bank is the loans and savings bank owned by and committed to supporting the social sector. Since 2002, we have used our savers’ money to make more than 1100 loans totalling over £400m to housing, education, social care, community and other social purpose organisations.
Nothing in this article constitutes an invitation to engage in investment activity nor is it advice or a recommendation and professional advice should be taken before any course of action is pursued.