NS&I raises rate on Green Savings Bonds to 4.73%

Summarised from 2 outlets · Updated 20 Oct, 22:20 · Archive

NS&I has increased the rate on its three-year Green Savings Bonds from 4.45% to 4.73% annually.

NS&I has increased the rate on its three-year Green Savings Bonds to 4.73% annually, up from the previously offered 4.45%. The bonds, which were launched in 2021, enable savers to help fund green government projects across the UK.

The minimum investment is £100, with a maximum of £100,000 per person for each issue. Investors must be aged 16 or over to purchase the bonds. Money deposited in the bonds will be held for the full three-year term and cannot be withdrawn during this period.

Andrew Westhead, NS&I's retail director, said the bonds 'provide savers with guaranteed returns while supporting green government projects across the UK'. However, Sarah Coles, head of personal finance at AJ Bell, noted that the increase still leaves these products behind other NS&I offerings, with British Savings Bonds paying 5.1% over three years.

How it is being reported

• Swerve NS&I's new bond deal unless Green saving is your aim: SYLVIA MORRISNS&I raised the rate on its fixed three-year Green Savings Bonds yesterday to 4.73%. New savers or those renewing existing three-year bonds will earn this rate.This is Money · 20 Oct, 22:00
• NS&I puts new issue of Green Savings Bonds on sale with increased rateThe bonds enable savers to help fund green government projects.Evening Standard · 20 Oct, 16:39

In this story: NS&I · UK · AJ Bell · Treasury

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