NS&I Savings Bonds: Green ways to invest your cash | Personal Finance | Finance


However, it’s still not known what the interest rate is likely to be, which could be a deal breaker for some.

Although British people want to support green initiatives when they can, people will be looking for a decent rate too, according to experts.

Laith Khalaf, financial analyst at AJ Bell, said: “The new NS&I bond the Chancellor is planning will give savers the option of a green home for their cash, but its success will likely be determined by the interest rate on offer.

“Savers showed they’re willing to vote with their feet when NS&I cut interest rates across a swathe of accounts last November, and if the green savings bond offers a paltry rate of interest, it might fail to ignite demand from the public.”

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