Donate to Remove ads

Got a credit card? use our Credit Card & Finance Calculators

Thanks to johnstevens77,Bhoddhisatva,scotia,Anonymous,Cornytiv34, for Donating to support the site

NS&I - Green Savings Bond

Discussing offers, rates and deals on suppliers
Itsallaguess
Lemon Half
Posts: 9129
Joined: November 4th, 2016, 1:16 pm
Has thanked: 4140 times
Been thanked: 10023 times

NS&I - Green Savings Bond

#423630

Postby Itsallaguess » June 30th, 2021, 6:50 am

Some news in the Times this morning related to an imminent NS&I Green Savings Bond -

Plans for £15 billion of green savings bonds are expected to be announced by the chancellor this week, allowing people to invest in renewable energy projects such as wind and solar power.

Rishi Sunak will use a speech at Mansion House in the City of London to reveal details of the scheme, which is expected to be one of the biggest issues of green bonds in the world.

They will be available through NS&I, the Treasury-backed savings organisation that also offers Premium Bonds.


https://www.thetimes.co.uk/article/rishi-sunak-15bn-green-savings-scheme-public-5gph2jqmw

I'd not noticed before, but there's an NS&I page already set up that's also mentioning this scheme -

Green saving – coming soon. We’re offering a green savings product on behalf of government. Coming later in 2021.

We’re working with government to give UK savers like you the opportunity to contribute towards projects that will accelerate the transition to a low carbon economy, create green jobs, and support the collective effort to tackle climate change. More details will be coming soon, including information about the savings account and how you’ll be able to invest.


https://www.nsandi.com/get-to-know-us/green-saving

Cheers,

Itsallaguess

Alaric
Lemon Half
Posts: 6031
Joined: November 5th, 2016, 9:05 am
Has thanked: 20 times
Been thanked: 1398 times

Re: NS&I - Green Savings Bond

#423670

Postby Alaric » June 30th, 2021, 10:06 am

Itsallaguess wrote:Some news in the Times this morning related to an imminent NS&I Green Savings Bond -

[i]Plans for £15 billion of green savings bonds are expected to be announced by the chancellor this week, allowing people to invest in renewable energy projects such as wind and solar power.


There are already Investment Trusts that invest in renewable energy projects and these make periodic public offers to raise additional funds. Projected rates of return are high enough for these to be regarded as "High Income". The holders are taking investment risk both to their capital and the flow of dividends.

We wait to see what guarantees of capital value and rate of return will be offered by NS&I and what the headline offer will be.

pje16
Lemon Half
Posts: 6050
Joined: May 30th, 2021, 6:01 pm
Has thanked: 1843 times
Been thanked: 2066 times

Re: NS&I - Green Savings Bond

#423671

Postby pje16 » June 30th, 2021, 10:08 am

I bet it still won't beat inflation :roll:

Darka
Lemon Slice
Posts: 773
Joined: November 4th, 2016, 2:18 pm
Has thanked: 1819 times
Been thanked: 704 times

Re: NS&I - Green Savings Bond

#423892

Postby Darka » July 1st, 2021, 9:38 am

More details...

Cash must be locked away for 3 years (to get interest) - but the rate is not yet disclosed.

https://www.bbc.co.uk/news/business-57670057

AleisterCrowley
Lemon Half
Posts: 6381
Joined: November 4th, 2016, 11:35 am
Has thanked: 1880 times
Been thanked: 2026 times

Re: NS&I - Green Savings Bond

#423895

Postby AleisterCrowley » July 1st, 2021, 9:48 am

As the article points out, average rate on the market for 3-year is 0.76% , max 1.26%
I'm guessing they will set them at just over 1% (to avoid the 'Less than 1%" headlines)
Be still my beating heart!


Return to “Bank Accounts Savings & ISAs”

Who is online

Users browsing this forum: No registered users and 5 guests