NS&I green saving bonds go on sale with fixed 0.65% interest rate
Treasury hails scheme ahead of Cop26 summit, but personal finance experts say better investments are available
A “world first” green savings bond from National Savings and Investments (NS&I) goes on sale today, giving people the chance to back the government’s environmental projects and join the fight against climate breakdown.
But at 0.65% fixed for three years, the interest rate prompted widespread disappointment, with the MoneySavingExpert.com founder Martin Lewis labelling it “pants” and “paltry”.
Australia’s big polluters required to offset just 1.2% of greenhouse gas emissions in past year
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