NS&I issues second green savings bond at double original rate

To raise funds for projects

Julia Bahr
clock • 4 min read

National Savings and Investment (NS&I) has launched a new issue of its green savings bonds product at 1.3% - double the old rate of 0.65%.

The bonds will be fixed for three years, with a minimum investment of £100 and a maximum of £100,000 and can be purchased online from Tuesday (15 February). Recent green bond savers have 30 days to cancel their account and double their interest, according to NS&I. It is still a long way off the most competitive 3-year bond on the market - Al Rayan, offering 1.86% - said Sarah Coles, senior personal finance analyst at Hargreaves Lansdown. She added that doubling the rate on green saving bonds is a dramatic step that shows the old rate was a real disappointment, but it may be enough to ...

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