NS&I Green Savings Bond

pbartlett

£100 - £100,000 for three years

Anyone aged 16 or over will be able to put between £100 and £100,000 into Green Savings Bonds from National Savings and Investments (NS&I).

Money will be locked in for three years but, significantly, the interest rate has yet to be announced.

That, and when the bonds go on sale, will be unveiled later in the year.

ranciduk

Source?

 Thanks 

eskbanker

ranciduk said:

Source?

 Thanks 

https://www.nsandi.com/green-saving has what might laughably be referred to as the 'details' but the above wording was taken from https://www.bbc.co.uk/news/business-57670057

Thrugelmir

Be interesting to see how the money raised is going to be utilised. 

ranciduk

What we talking?

0.5% ?

Thrugelmir

ranciduk said:

What we talking?

0.5% ?

BBC article provides the answer. 

ranciduk

Thrugelmir said:

ranciduk said:

What we talking?

0.5% ?

BBC article provides the answer. 

Yep I know

just wondering what people’s guesstimates are

RG2015

ranciduk said:

What we talking?

0.5% ?

Would flop at that rate for three years. The top rate for three years is currently 1.26% but rates in general are creeping up.

1.00% would be the minimum now to gain any attention from savers.

colsten

RG2015 said:

1.00% would be the minimum now to gain any attention from savers.

Not enough for this saver.

Thrugelmir

ranciduk said:

Thrugelmir said:

ranciduk said:

What we talking?

0.5% ?

BBC article provides the answer. 

Yep I know

just wondering what people’s guesstimates are

Suspect the finer detail of how the £15bn to be raised is going to be invested has yet to be decided. What % is a reasonable return for investors and how much the Government should retain. This isn't just a money raising exercise to fund broader Government expenditure. 

SallySunshine

According to Which this is what they are being used for: but the interest will be rolled over and not payable until the end of the 3 yrs so could make it awkward for tax purposes.

Money saved with NS&I’s Green Savings Bonds will be used to fund six types of ‘green’ projects. These include making transport cleaner, switching to renewable energy, improving energy efficiency, pollution prevention and control, protecting living and natural resources, and adapting to climate change.

The government must issue transparent annual reports on the environmental and social impacts of these projects.

According to an assessment from Carbon Trust, which looked at the government’s green financing programme – including Green Savings Bonds – the plans ‘align sensibly’ with the Climate Change Committee’s recommended climate targets for the UK.