Gatehouse Bank awarded Best Ethical Cash ISA Provider

Gatehouse Bank has been named the Best Ethical Cash ISA Provider in the MoneyComms Top Performers 2023 awards.

The Shariah-compliant challenger Bank was given the accolade by financial consultancy, MoneyComms, which was founded in 2012 by personal finance expert and industry commentator, Andrew Hagger.

MoneyComms noted that it has been a challenging year for providers and consumers alike due to the difficult economic environment and cost-of-living crisis. Within this context, the providers nominated for this year’s iteration of the MoneyComms Top Performers awards were those who displayed rigour and stamina in overcoming these challenges and continued to play a pivotal role in the landscape.

Award nominees and winners were announced following expert deliberation to single out the top providers and products which aim to help consumers to make better choices. These products were commended not only for their competitive rates, but for their product features, transparency, simplicity, consistency and website navigation.

Gatehouse Bank has consistently provided competitive fixed-term and cash ISAs with an ethical focus through its Woodland Saver accounts. For every account opened or renewed, the Bank plants a tree on behalf of its customers in a certified UK woodland project. As a Shariah-compliant Bank, Gatehouse invests deposits ethically and does not fund industries including alcohol, adult entertainment, gambling, tobacco or the arms industry.

Andrew Hagger, Personal Finance Expert and Founder of MoneyComms, commented: “The Cash ISA market has become increasingly competitive over the past 12 months and Gatehouse Bank has consistently featured in the best buys during this time.

“Gatehouse offers a full range of highly competitive cash ISA rates from easy access to fixed term options spanning one to five years and unlike some providers it allows ‘transfers in’.

“Not only does Gatehouse Bank offer great choice and great rates, it does this while working to combat the negative effects of climate change through its established Woodland Saver accounts.”

Ravi Kumar, Senior Product Manager at Gatehouse Bank, commented: “We are delighted to have been named the Best Ethical Cash ISA Provider by MoneyComms and would like to thank the MoneyComms team for their consideration.

“At Gatehouse Bank, we take our responsibility to the community and the environment seriously and are pleased to have been recognised by an organisation that aligns with our ethos of putting customers first.”