Zero, the sustainable alternative to banking, has today launched its first-ever savings product, the Planet Safe Saver, an easy access savings account offering a transparent 3.66% AER variable interest rate.
Designed for climate-conscious consumers, the new Planet Safe Saver is part of Zero’s mission to make money a force for the good of the planet. As part of its sustainable finance policy, Zero promises that customers’ money will never fund fossil fuels, deforestation, weapons, tobacco or other exploitative industries.
Without teaser or bonus rates that disappear after a few months, Zero’s Planet Safe Saver offers an honest, transparent interest rate that will only change if the Bank of England base rate changes.
Customers can start saving with deposits of as little as £1, with the first £85,000 protected by the Financial Services Compensation Scheme (FSCS), to deliver both peace of mind and a competitive savings rate.
Combining fairness with flexibility, the easy access Planet Safe Saver allows savers to access their money without fees or restrictions all while avoiding harm to the planet.
Zero offers customers a free personal account, Mastercard debit card, and GreenScore® to help understand how spending impacts the planet, while every penny saved in the new Planet Safe Saver, means less funding to industries harming
the planet.
In addition, 20 percent of Zero’s future value is set aside for customers through community shares, meaning customers share in the value created by Zero’s
success.
Richard Theo, CEO and co-founder of Zero, said: “At a time when greenwashing is rife, we wanted to create something truly transparent – a savings account that delivers a competitive return without compromising values or using devious techniques to lure customers with sneaky teaser or bonus rates.
“The Planet Safe Saver proves that saving money and saving the planet don’t have to be mutually exclusive. Now more than ever, people want their finances to align with their ethics, and this savings account makes that simple.”
The launch follows a period of growth for Zero, which recently raised £757,000 including investment via Crowdcube, surpassing its crowdfunding target and bringingits total funding to nearly £4million to date.
With more than 18,000 users already registered on its app, Zero proves that ethical finance is credible, appealing and competitive.
Zero’s Planet Safe Saver with 3.66% variable interest, FSCS protected, and ethical by design gives consumers choice in the savings market with a message that is clear – your money, your planet.
To open a Planet Safe Saver, customers must have a Zero Personal Account, to apply visit: https://zero.co.uk/
