- NS&I set to launch three-year Green Savings Bond
- Interest rate yet to be unveiled, but bonds won’t be inflation-linked
The UK’s state-owned personal savings bank has announced plans to sell up to £15bn-worth of green savings bonds to the public. National Savings & Investments (NS&I) will offer the bonds for a three-year fixed term, in a bid to raise cash for government-approved projects to fight or adapt to climate change.
Individual savers will be able to invest between £100 and £100,000, though the bank is yet to confirm the interest rate.