The banks that grow trees as well as your savings
National Savings & Investments will launch an account that helps the planet this summer, but other banks and building societies have been quicker off the mark.
Source: thisismoney.co.uk
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Oxbury Bank launches savings account to plant trees with your interest payments
Britain's first agricultural bank in 100 years has launched a new best buy one-year fixed-rate bond, except for one catch: none of the interest will be paid to savers. Oxbury Bank, which opened its doors in early February and lends money solely to British farmers, has launched a new 'Forest Saver' that will plant trees with savers' pounds. Rather than paying interest at a rate of 0.7 per cent, which would be the top rate in This is Money's best buy tables thanks to the deadwood currently on offer from major banks, earnings will be used to plant trees to mitigate a saver's carbon footprint.
Source: thisismoney.co.uk