Why I moved my daughter's money

Mon 29th Oct 2012, 9:00am

Laura recently opened a savings account for her baby daughter with Ecology Building Society. Here, she explains why.

I first heard about moving my money to an alternative bank account through Twitter from reading a tweet by @MoveYourMoney. Until then I wasn't aware that there were any other banks other than the High Street choices (unless you have oodles of cash).

I've always felt uncomfortable with the fact that my money helps fund less than desirable causes (in my eyes). So I was so happy to find a building society through the Move Your Money site that actually helps our environment, and not only that but being a building society, is run in the interest of its customers: as a customer I get a say in what the investments get put towards.

I am going to initially open a savings account for my daughter with the Ecology Building Society and from there will open a savings account for myself also. The fact that I am doing this for my daughter not only provides her with funds when she's older to either buy a car or put down a deposit on a house but it also sends her a very important message; that we should all bear the burden of responsibility for our world and what goes on around us and that none of us should shift the blame to those in positions of power. We are all capable of making changes for the greater good and the masses are far more powerful than the few.

Inspired to move yours too? Do you have a story to share? We want to hear it! Email jessica@moveyourmoney.org.uk

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