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Changing bank
May. 18th, 2018 10:02 am I've only changed bank twice in my life, once when I got married and once when Barclays made a major screw up and took several months to admit it was their fault and to fix it.
It looks like I'm about to do it again. I'm about to leave an excellent bank with great customer service who have never given me any hassle at all.
Why?
I've just become a subscriber to Ethical Consumer - the main reason I subscribed was to look at where I wanted to invest my money and to ensure that I wasn't investing in fossil fuels or heavily polluting industries.
Sadly, it turns out that First Direct (and their parent bank HSBC) both have a very bad track record in fossil fuel investments - and also in companies producing nuclear weapons).
I'm going to pay a visit to Nationwide very soon. They came out very close to the top on the issues that matter most to me (climate change) and they are based in the UK.
I expect to be moving my account to them.
Then I'll move onto sorting out my savings.
To put it bluntly, no point in saving money for my grandchild if there isn't a habitable planet for her to enjoy it. Therefore, I'm willing to have less interest for better ethics (and some investments may offer both).
It looks like I'm about to do it again. I'm about to leave an excellent bank with great customer service who have never given me any hassle at all.
Why?
I've just become a subscriber to Ethical Consumer - the main reason I subscribed was to look at where I wanted to invest my money and to ensure that I wasn't investing in fossil fuels or heavily polluting industries.
Sadly, it turns out that First Direct (and their parent bank HSBC) both have a very bad track record in fossil fuel investments - and also in companies producing nuclear weapons).
I'm going to pay a visit to Nationwide very soon. They came out very close to the top on the issues that matter most to me (climate change) and they are based in the UK.
I expect to be moving my account to them.
Then I'll move onto sorting out my savings.
To put it bluntly, no point in saving money for my grandchild if there isn't a habitable planet for her to enjoy it. Therefore, I'm willing to have less interest for better ethics (and some investments may offer both).
