FINANCE NEWS: Triodos Bank sets up partner accounts to support charities

Mathew Little

Amnesty International and the World Development Movement have launched new partnership bank accounts with Triodos Bank to generate new sources of money to fund their campaigns around the world.

Under the deal, which is part of Triodos Bank's "Take Control" campaign to encourage people to use their money ethically, 0.25 per cent of every £1 saved in the account will go directly to either the World Development Movement or Amnesty.

Savers will also be able to give the two organisations a proportion of their interest, which will be set at 1.75 per cent on balances of £500 and over and 2 per cent on balances of £5,000 or more.

"We believe that money has the power to make a real difference to the lives of people facing poverty and torture," said Triodos Bank's managing director, Charles Middleton. "As well as sharing similar values this type of account enables people to make a practical difference. Money has the power to change the world and we want those changes to help people rather than damage them and their environment."

The two accounts are the first in a series of six partnership accounts which will be launched by Triodos during 2003. Last year, accounts with groups including Friends of the Earth and the Soil Association raised around £65,000.

Amnesty International's UK director, Kate Allen, said: "It is time for companies to recognise their responsibility for human rights and Triodos is showing the way forward. We think many of our supporters will want to fight human rights abuses in this way."

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