NS&I Green Savings Bond

Thrugelmir

JamesPeter said:

masonic said:

With all the criticism of the interest rate, it is fortunate the other selling point (that the money will be put to good use saving the planet) is so strong given the government's flawless track record of achieving so much with its spending. I am just left wondering which party donors will set up sham companies to benefit this time. I suppose one benefit for investors is that the taxpayer is on the hook for capital and interest.

The very low interest rate is because the government don’t really want people investing in it.

People are happy to go green as long as it's at paid out of somebody elses pocket. 

MX5huggy

JamesPeter said:

masonic said:

With all the criticism of the interest rate, it is fortunate the other selling point (that the money will be put to good use saving the planet) is so strong given the government's flawless track record of achieving so much with its spending. I am just left wondering which party donors will set up sham companies to benefit this time. I suppose one benefit for investors is that the taxpayer is on the hook for capital and interest.

The very low interest rate is because the government don’t really want people investing in it.

Oh yes, the Government has to give the impression that it is doing something ‘green’, what with Cop26 and Greta Thunderbug on their tails. However, the low interest rate offered is a way of signalising that they don’t want ‘normal’ people investing, however green their ideals may be.

In fact, with the very low interest rates offered cross NS&I nowadays, the entire NS&I balance sheet (and interest payment owing) will be relatively low, i.e. ideal for privatising – sorry selling NS&I off to party donors/friends in the City etc at a knockdown price.

Don’t let facts get on the way for a good yarn.

NS&I balance sheet grew from £180billion to £220billion last year. Gross inflows we’re £86 billion compared with an average of under £40 billion in the previous 4 years. 

The fact is money is pouring in to NS&I so the Green Bond does not need to be competitive. They government can use “normal” NS&I money on green stuff if it wishes. 

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/996591/NS_I_Annual_Report_2020_21_print_ready.pdf

eskbanker

mummytummy said:

https://www.nsandi.com/products/green-savings-bonds?mc_id=gsb&mc_m=email&ccd=gsb3_notsigned_m

It's unclear why you've posted an uncommented link to the product page to resuscitate a 2021 thread - did you have a question or point in mind?

RG2015

eskbanker said:

mummytummy said:

https://www.nsandi.com/products/green-savings-bonds?mc_id=gsb&mc_m=email&ccd=gsb3_notsigned_m

It's unclear why you've posted an uncommented link to the product page to resuscitate a 2021 thread - did you have a question or point in mind?

I suspect it is to advise that the rate has increased from 0.65% to 3.00%

Edit: Okay it's taken a couple of steps.

And it already has a thread.

https://forums.moneysavingexpert.com/discussion/comment/79433403

Green Savings Bonds

3-year fixed rate

Effective from	Issue	Gross/AER (taxable)
25 August 2022	3rd	3.00%
15 February 2022	2nd	1.30%
22 October 2021	1st	0.65%

eskbanker

RG2015 said:

eskbanker said:

mummytummy said:

https://www.nsandi.com/products/green-savings-bonds?mc_id=gsb&mc_m=email&ccd=gsb3_notsigned_m

It's unclear why you've posted an uncommented link to the product page to resuscitate a 2021 thread - did you have a question or point in mind?

I suspect it is to advise that the rate has increased from 0.65% to 3.00%

Edit: Okay it's taken a couple of steps.

Green Savings Bonds

3-year fixed rate

Effective from	Issue	Gross/AER (taxable)
25 August 2022	3rd	3.00%
15 February 2022	2nd	1.30%
22 October 2021	1st	0.65%

Anything's possible I suppose, although it would have seemed more obvious to have actually mentioned the rate rise if that was the intention!

To be fair, when the August increase was announced four weeks ago, it was discussed in a new thread rather than this one:

https://forums.moneysavingexpert.com/discussion/6382236/ns-i-green-savings-bond-3-00-fixed-for-3-years/p1

Daliah

There are still over 40 3 year fixed accounts with better rates. Not to talk about the over two dozen 1 year fixed accounts with better than 3%. You'd have to be extremely green to pick the NS&I Bond.

RG2015

eskbanker said:

RG2015 said:

eskbanker said:

mummytummy said:

https://www.nsandi.com/products/green-savings-bonds?mc_id=gsb&mc_m=email&ccd=gsb3_notsigned_m

It's unclear why you've posted an uncommented link to the product page to resuscitate a 2021 thread - did you have a question or point in mind?

I suspect it is to advise that the rate has increased from 0.65% to 3.00%

Edit: Okay it's taken a couple of steps.

Green Savings Bonds

3-year fixed rate

Effective from	Issue	Gross/AER (taxable)
25 August 2022	3rd	3.00%
15 February 2022	2nd	1.30%
22 October 2021	1st	0.65%

Anything's possible I suppose, although it would have seemed more obvious to have actually mentioned the rate rise if that was the intention!

To be fair, when the August increase was announced four weeks ago, it was discussed in a new thread rather than this one:

https://forums.moneysavingexpert.com/discussion/6382236/ns-i-green-savings-bond-3-00-fixed-for-3-years/p1

My second edit crossed with your post. To be fair I had lost interest long ago when I saw the 0.65% so had not seen the 3.00% thread.

At least previous NS&I 3 year bonds allowed early access for a smallish penalty.

To still be on 0.65% up to February 2025 is just insane.