# Charity Bank launches campaign to promote ethical ISA

- Link: https://fundraising.co.uk/2017/03/07/charity-bank-launches-campaign-promote-ethical-isa/
- Published: 2017-03-07T09:37:47+00:00
- Author: Melanie May

**Charity Bank is targeting the public with a new campaign to encourage people to
transfer their cash ISA to an ethical provider.**

 

It is asking people to use their money as ‘a powerful force for good’ by opening
a [Charity Bank Ethical Cash ISA](https://fundraising.co.uk/2017/03/07/charity-bank-launches-campaign-promote-ethical-isa/ethical-isa),
with a video showing examples of the types of organisation the Charity Bank supports
and offering a 0.9% interest rate.

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In addition, the Ethical Cash ISA lets people save up to £15,240 a year (2016/17
tax year allowance) with a minimum opening balance of £250, and is open to transfers-
in from current ISA managers. It has a 33-day notice period; and is available to
UK residents aged 16 and over.

 

Research commissioned by Charity Bank into the attitudes of the public towards various
aspects of banking found that:

 

 * 74% of the British public don’t know how the money they save in their bank is
   being used or invested
 * 71% would like their bank to make it clearer where their money is invested
 * 56% would like to be an offered an ethical option when choosing a savings account
 * 61% would consider opening a savings account that paid a fair rate of interest
   and lent money to charities and other good causes

 

Patrick Crawford, Charity Bank chief executive, said:

 

> “People don’t know what banks do with their money but the findings tell us that
> there is an appetite to find out and that people would like their savings to be
> used for good causes.”

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