Save with a Planet Saver Account and we give £10 for every £1000 you save annually to planet positive projects. Make your savings benefit you and our world.
Save your money in a 3 month or 1 year fixed rate saver with BLME and watch your money work for you and the planet
At maturity, you will receive capital and your share of the interest* and we give the equivalent of 1% interest* to the ekko portfolio of planet positive impact projects with Tusk, Conservation International, Prevented Ocean Plastic™ & Gold Standard®
* The account operates using Expected Profit Rates. Bank of London and The Middle East plc operates under Islamic finance principles and does not offer interest based products instead they pay a profit rate.
Hear directly the stories of the impact you have made, the projects you have supported and the positive impact the Planet Saver Account can have
Projects
Projects
Conservation International aims to restore 100 million trees through 18 global reforestation projects. Focused on countering climate change, these efforts involve science-based forest restoration and community economic support, overseen by Conservation International and World Resources Institute.
Conservation International aims to restore 100 million trees through 18 global reforestation projects. Focused on countering climate change, these efforts involve science-based forest restoration and community economic support, overseen by Conservation International and World Resources Institute.
Prevented Ocean Plastic™ is high quality, certified recycled plastic that has been collected from coastal areas at risk of ocean plastic pollution. Used by supermarkets and brands around the world, it meets regulatory, health and safety standards, is traceable back to source, and can be identified on pack through its distinctive triangular blue logo.
Prevented Ocean Plastic™ is high quality, certified recycled plastic that has been collected from coastal areas at risk of ocean plastic pollution. Used by supermarkets and brands around the world, it meets regulatory, health and safety standards, is traceable back to source, and can be identified on pack through its distinctive triangular blue logo.
Focused on the Bas Ogooué lake region, OELO Gabon enhances community management of natural resources to preserve crucial habitats for diverse species. Their initiatives and fisheries management plan, backed by Tusk, aim for sustainable biodiversity conservation and future replication across the region.
Focused on the Bas Ogooué lake region, OELO Gabon enhances community management of natural resources to preserve crucial habitats for diverse species. Their initiatives and fisheries management plan, backed by Tusk, aim for sustainable biodiversity conservation and future replication across the region.
In Botswana's Kavango Zambezi Transfrontier Area, CLAWS Conservancy's 'Pride in our Prides' program uses satellite collars to prevent lion conflicts with communities. This approach has significantly reduced lion killings since 2013, protecting one of southern Africa's key lion populations.
In Botswana's Kavango Zambezi Transfrontier Area, CLAWS Conservancy's 'Pride in our Prides' program uses satellite collars to prevent lion conflicts with communities. This approach has significantly reduced lion killings since 2013, protecting one of southern Africa's key lion populations.
Established in 2003, MEP protects 550 sub-desert elephants in Mali. It unites local communities for habitat conservation, reduces poaching through Mali's first anti-poaching unit, and ensures the survival of Africa's largest elephant migration route.
Established in 2003, MEP protects 550 sub-desert elephants in Mali. It unites local communities for habitat conservation, reduces poaching through Mali's first anti-poaching unit, and ensures the survival of Africa's largest elephant migration route.
Enhancing community health in Mozambique by improving water infrastructure, this project reduces waterborne illnesses and the need for boiling water, saving firewood, and cutting CO2 emissions. It focuses on hygiene education and lightens the burden on women and children by reducing time spent on water and wood collection.
Enhancing community health in Mozambique by improving water infrastructure, this project reduces waterborne illnesses and the need for boiling water, saving firewood, and cutting CO2 emissions. It focuses on hygiene education and lightens the burden on women and children by reducing time spent on water and wood collection.
A 22.5 MW wind power project in Rajasthan, India, generates clean electricity for 10,500 households while reducing CO2 emissions. Focused on social responsibility, it enhances education, healthcare, and sanitation, and promotes employment and women's empowerment in local communities. Key initiatives include school infrastructure improvement, accessible clean water, health awareness campaigns, and environmental conservation efforts, positively impacting thousands in the region.
A 22.5 MW wind power project in Rajasthan, India, generates clean electricity for 10,500 households while reducing CO2 emissions. Focused on social responsibility, it enhances education, healthcare, and sanitation, and promotes employment and women's empowerment in local communities. Key initiatives include school infrastructure improvement, accessible clean water, health awareness campaigns, and environmental conservation efforts, positively impacting thousands in the region.
In the Caatinga region, this project counters deforestation by replacing illegal firewood with biomass in a ceramic factory, saving 1,970 hectares of forest and reducing CO2e emissions by 132,953 tons over 10 years. It supports over 110 families with income generation and community aid, including housing, education, and sports initiatives, while enhancing work conditions and promoting sustainable local development.
In the Caatinga region, this project counters deforestation by replacing illegal firewood with biomass in a ceramic factory, saving 1,970 hectares of forest and reducing CO2e emissions by 132,953 tons over 10 years. It supports over 110 families with income generation and community aid, including housing, education, and sports initiatives, while enhancing work conditions and promoting sustainable local development.
The Fixed Rate Saver accounts are provided by BLME plc. BLME is a standalone UK Bank regulated by the Financial Conduct Authority and Prudential Regulation Authority.
BLME was launched in 2007 and is an award-winning Sharia’a-compliant bank, providing Real Estate focused Wealth Management solutions, Commercial Real Estate Finance and savings products. BLME is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. BLME is registered under the Financial Services Compensation Scheme, which means that clients’ eligible accounts are protected up to the statutory limit. BLME is a standalone UK bank and their banking licence is not shared with any other banks.
BLME is a member of and covered by the Financial Services Compensation Scheme (“FSCS”). For further information about the FSCS (including the amounts covered and eligibility to claim), please refer to the FSCS website at www.fscs.org.uk or click here for the FSCS leaflet.
The BLME Group's financing exposures directly or indirectly related to fossil fuel industry sectors represents less than 4% of its total balance sheet assets as of 31 October 2023. These legacy facilities will run off over the next three to four years and BLME will make no future fossil fuels related investments.
BLME will never place your money in interest-bearing investments or tobacco, alcohol and gambling industries. As an Islamic bank, fairness, honesty, integrity and transparency are at the heart of everything BLME does.
The payment and receipt of interest is forbidden in Islam as money cannot, in itself, generate money. Instead, profit should be generated through the exchange of goods or services that are consistent with Sharia’a principles. General principles of Sharia’a include a prohibition on excessive uncertainty, gambling and speculation.
As a Sharia’a-compliant bank, BLME does not deal in interest-based products and it is not permitted to guarantee the profit rates on its accounts. However, BLME offers savings accounts with the aim of reaching an Expected Profit Rate. In the unlikely event that your deposit is not producing the agreed profit rate, you will be asked if you wish to continue with your savings account. If you then do not wish to continue, you can end your deposit (early) and your original deposit amount will be returned in full plus the accrued profit at the original Expected Profit Rate. In this circumstance you will not be penalised for terminating your agreement early.
Your profit is treated as income.
No it is not. This can be treated as a traditional savings account, where ekko distributes the equivalent of 1% interest to supported projects.
ekko is dedicated to supporting a diverse range of sustainability and environmental projects through our collaboration with various partners. Our current portfolio of projects includes, but is not limited to, initiatives by organisations such as Tusk, RSPB, Prevented Ocean Plastics, and Gold Standard. Ekko aims to make an even distribution of proceeds to each project. ekko continuously evaluates and updates our partnerships to maximize the positive impact of our contributions. This may involve changes such as removing a partner, changing the nature or focus of projects within those partners, or adding new partners. Our commitment to environmental sustainability and positive change is at the forefront of these decisions.
No, you will not pay tax on the monies going to the impact projects. The equivalent of 1% interest contribution is deducted before you receive interest at maturity.
There are no additional fees.
Savings income that falls into your Personal Savings Allowance (“PSA”) is taxable at 0%, which means you have no tax to pay on it. Beyond the PSA allowance you are liable to pay tax at the basic or higher tax rate depending on your personal circumstances. If you have any doubt as to whether this savings account is suitable for you, you should contact an Independent Financial Adviser.
Please contact us at:
Phone: 020 3137 9388
Email: contact@akonihub.com
9am to 5.30pm Monday to Friday except public holidays.
BLME owns and manages your savings account, Akoni runs the cash management platform and ekko is responsible for the distributions to the impact partners.
This product is not in any way linked with the ekko debit card.
Please refer to the product's Terms and Conditions. Fixed Term products are not redeemable prior to maturity unless as otherwise specified in the Terms and Conditions
You can open additional deposit products but as these products have a fixed term until maturity you are not able to "top up" existing products.
Online via https://ekko.akonihub.com/auth/login
At maturity you will receive your capital and share of profit. You are able to rollover the deposit providing you give sufficient notice.
Please refer to the product's Terms and Conditions. Fixed Term products are not redeemable prior to maturity unless as otherwise specified in the Terms and Conditions
Minimum deposit: £500.00
Maximum deposit: £1,000,000.00 (or higher at the discretion of BLME)
As soon as your hub account with Akoni is open you can start sending funds using your unique account reference. Funds will be placed on your hub balance if received before 4pm on a Business day. Funds received after 4pm will be placed on the next Business day. Funds received on weekends and bank holidays will be placed on the next Business day.
You can fund your Akoni hub account by bank transfer using your unique account reference. Akoni Bank details will be provided to you once your account is open. Please note that funds need to be from your nominated account to avoid delays on funding your hub account. Funds received from accounts that are not your nominated account will need to be verified by Akoni compliance which may cause delays in placing your funds.
A Your term deposit starts from the day that the funds arrive with the panel bank. This is subject to the T&C of each panel bank, which are available to all Akoni clients. When you indicate you would like to instruct a deposit, Akoni will proceed to execute this instruction. It is only once this execution is complete that the funds will arrive with the panel bank. We take great care to transfer the funds as soon as possible after we receive your instruction. However, this is dependent on their being sufficient funds in your hub account to fund the transaction. A notification will be sent to your email confirming the start of the term deposit.
A Once a Term deposit is opened it is not possible to deposit additional funds into it. You will need to open a new deposit if you want to place additional funds.