Gatehouse Bank has planted 50,000 trees on behalf of its customers through its Woodland Saver accounts.
For every fixed-term deposit or cash ISA account opened or renewed, Gatehouse works with Forest Carbon to plant a tree for each customer across nine UK woodland projects certified by the Government’s Woodland Carbon Code.
The saplings are planted strategically for sustainable management and long-term protection of the woodlands.
Planting trees provides environmental and social benefits, including boosting biodiversity, reducing pollution, and improving access to green spaces across the UK.
This initiative supports Gatehouse Bank’s ESG strategy and commitments as a founding signatory to the UN Principles for Responsible Banking.
The bank offers seven fixed-term deposit Woodland Saver accounts, with terms ranging from 6-months to 5-years, and six Woodland Saver cash ISAs with 1- to 5-year terms.
Accounts can be opened online and managed through Gatehouse’s savings app, offering both monthly and annual profit options.
Ravi Kumar, senior product manager at Gatehouse Bank, said: “We are delighted to have surpassed the milestone of 50,000 trees planted through our Woodland Saver accounts, thanks to our customers.
“We take great pride in helping our customers align their financial goals to their ethical values, which clearly resonates with our customer base.
“In our most recent customer survey, just under nine in 10 (87%) of our savings customers cited tree-planting as a key driver for opening a Woodland Saver account.”
