February 26, 2024

‘World first’ Planet Saver account gives back to the environment 

By Anna Jordan

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Save More Money savers can now apply for Planet Saver, a new fixed-rate account that supports sustainable causes.     

The account allows businesses and individuals to grow your savings at the current market rate while contributing one per cent to a range of environmental impact products. 

Our sister business Akoni Hub, and the Bank of London and the Middle East have launched the product in partnership with ekko, an embedded sustainability platform that transforms transactions into a force for positive environmental impact.  

The Planet Saver Fixed Term Deposit Account gives savers competitive rates on your savings while contributing £1 in every £100 saved to environmental or conservation projects. Launched with three and 12-month fixed-term deposits, savers will receive your capital and share of the profit at maturity while supporting a range of sustainable causes in the ekko portfolio. Projects include Conservation International and Prevented Ocean Plastic.  

Savers can also hear the stories of the impact that your money has made, the projects supported and the positive impact that the Planet Saver account can have. 

Oli Cook, CEO and co-founder of ekko, said: “We are delighted to be enabling what we believe to be a ‘world-first’ in the Planet Saver Account, bringing a new way to support conservation efforts to the market in a seamless and efficient way with Stubben Edge, Akoni, and BLME. Through this new product, we will be able to make a real difference to the projects we support, making a real impact across the world. This is just another example of how ekko can embed sustainability into everyday products, and this partnership shows a real commitment from the industry to deliver climate positive impact.” 

Chris Kenning, Group CEO of Save More Money and Stubben Edge, said, “The Planet Saver account puts power in the hands of savers – the power to make their savings work harder for them while also working smarter for the planet. In a world where finance and conservation are often viewed as mutually exclusive, ‘Planet Saver’ proves that financial services providers, conservation and environmental projects and consumers can come together to provide real-world solutions to the urgent problems faced by societies across the globe.” 

You can apply for a Planet Saver account here now


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