Savings giant NS&I has launched a new issue of its Green Savings Bonds, pruning back the rate on offer.
The new issue pays 2.95% AER (annual equivalent rate) over a three-year term, the Treasury-backed provider said.
The previous issue, which was available until January 30 2024, paid 3.95% AER.
Green Savings Bonds enable savers to help fund green government projects across the UK.
The bonds help to raise funds for green projects as part of the UK Government Green Financing Framework.
You’d need to be a passionate believer in the Government’s green projects to settle for as little as 2.95% right now
Sarah Coles, Hargreaves Lansdown
Announced in the 2021 spring budget, Green Savings Bonds are a specific policy measure and are distinct from NS&I’s normal activity. Investment in the bonds does not…
