NS&I green saving bonds go on sale with fixed 0.65% interest rate
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”.
A rate of 0.65% is well below the return offered by the top-paying standard fixed-rate savings bonds. On Thursday it was possible to obtain a rate of up to 1.81% on a three-year bond, while Zopa and Atom Bank were offering 1.6% and 1.45% respectively over three years.
“Someone investing £20,000 at 0.65% will earn £130 a year in interest with NS&I compared
Read more on theguardian.com
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