Invest in Green, Earn Green: New Green Savings Bonds Offer.
A new Issue of Green Savings Bonds has been released today, paying a 2.95% gross/AER fixed rate over a three-year term (the previous Issue was 3.95% gross/AER). The Bonds are used alongside gilts to raise funds for green projects as part of the UK Government’s Green Financing Framework.
They launched in 2021 to enable savers to help fund green government projects across the UK. Green Savings Bonds are separate from NS&I’s Net Financing target set by HM Treasury each year.
Help fund the UK’s green future and earn a competitive interest rate with the latest Green Savings Bonds!
- 2.95% gross/AER fixed rate for 3 years: Earn a competitive return on your savings while supporting sustainable projects. (Previous Issue offered 3.95% AER)
- Fund green government projects: Make a positive impact on the environment by investing in renewable energy, clean transport, and other green initiatives. Read how green features can boost the value of your home.
- Fixed-term, secure investment: Enjoy peace of mind with a guaranteed rate for the entire term and access your money after 3 years.
- Minimum investment £100, maximum £100,000 per person: Invest as much or as little as suits your needs.
- Open to savers aged 16 and over : Everyone can contribute to a greener future.
- Easy online purchase and management: Manage your investment conveniently at nsandi.com.
Why choose Green Savings Bonds?
- Support the UK’s green goals: Be a part of the solution to climate change and contribute to a cleaner, healthier future.
- Competitive interest rate: Earn a return on your savings that outpaces inflation.
- Government-backed security: Invest confidently, knowing your money is backed by the UK government.
- Tax-efficient savings: Interest is earned without deducting tax at source.
Is it worth it?
If you compare like for like with other 3-year fixed rate bonds available, then it’s a no!
The other question is, do you want to lock your cash up for 3 years?
The answer to this will depend on your view on the future of interest rates. There is undoubtedly a feeling that the Bank of England will drop the bank base rate in the coming months.
This has a knock-on effect on saving rates, so maybe NS&I is just planning ahead.
When you consider you can currently get 5% fixing for a year, then if you allow for drops over the next 3 years, what will your average be over the 3 years if you are fixing for 1 year each time?
Compare this to a 3-year rate; there may be little difference, but that also depends on how good your crystal ball is!
The NS&I Green Savings Bond could be a good compliment if you have green considerations when saving and investing.
Please don’t hesitate to contact us if you have any questions or want advice on the best way forward for your savings.
Ready to invest in your future and the planet?
Visit nsandi.com today to learn more.