NS&I doubles Green Savings Bond rate

The bonds will be fixed for three years.

The bond is available today.

The minimum investment is £100 and maximum is £100,000.

The first issue of the Green Bonds in October saw a rate of 0.65%.

Any money invested into the Green Savings Bonds will be used to pay for climate-friendly initiatives picked by the Government to “tackle climate change and help make the UK greener and more sustainable”.

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They were created to help finance the Government’s environmental spending products.

Earlier this month NS&I also increased the interest rates on its Direct Saver and Income Bonds to 0.50%. 

The interest rate on Direct Saver and Income Bonds has increased by 15 basis points. Interest paid on both accounts will rise from 0.35% gross/AER to 0.50% gross/AER.

NS&I is the government-owned savings organisation and has 25m customers.

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