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See also Ethical Banking, here's a list of regular banks in the USA who dont lend to certain industries: https://www.nerdwallet.com/blog/banking/socially-respon
by codeulike 8y ago
See also Ethical Banking, here's a list of regular banks in the USA who dont lend to certain industries: https://www.nerdwallet.com/blog/banking/socially-responsible-banks/ https://www.nerdwallet.com/blog/banking/socially-responsible...
Maybe its not a very big thing in the USA. Ethical Banking is pretty big in the UK.
- tialaramex 8y agoBig enough that, for example, the Money Saving Expert site, a popular independent comparison site for savings accounts and similar products, has a separate category if you decide you only want good savings IF they are with an ethical bank. e.g. You can get about 1.5% interest by choosing the best rates (whereas many popular banks offer 0.1% or lower) but the ethical option is 1.35% from Yorkshire Building Society (which is a mutual so your money is being spent buying houses for people and both you & they share the profits from operations). Lots of people will decide that actually not supporting dubious industries is worth 0.15% interest. Not least because the mutuals tend to have fewer aggressive anti-consumer practices, after all the consumers own them so that would be kinda crazy.