• New Issue of Green Savings Bonds from NS&I available at a fixed-rate of 1.30% gross/AER over a three-year term
  • Money invested in Green Savings Bonds will help finance green projects selected by the Government
  • Bonds available to purchase and manage online at

A new Issue of NS&I Green Savings Bonds paying, 1.30% gross/AER fixed-rate over a three-year term, is available to purchase at from today.

Green Savings Bonds will help finance the Government’s green spending projects designed to tackle climate change and help make the UK greener and more sustainable.

The projects will include making transport greener, using renewable energy over fossil fuels, preventing pollution, using energy more efficiently, protecting natural resources and adapting to a changing climate. More information can be found at

The minimum investment in Green Savings Bonds is £100, with a maximum limit of £100,000 per person for each Issue. Investors need to be aged 16 or over to purchase the Bonds from NS&I. The full amount deposited will be held for three years and cannot be withdrawn during this time.

The Economic Secretary to the Treasury, John Glen, said: “The UK continues to be a world leader in green finance, and our innovative Green Savings Bonds give savers the opportunity to contribute towards projects which will secure a cleaner and more sustainable future for the UK. I am pleased that savers across the UK will have the chance to invest in this second Issue of Green Savings Bonds at a new rate, one that reflects upward movement across the wider fixed term market.”

Ian Ackerley, NS&I Chief Executive, said: “We are pleased to offer savers the opportunity to invest in a second Issue of Green Savings Bonds at a higher interest rate. Since we launched Green Savings Bonds in October 2021, average rates among fixed term products have increased, along with the bank base rate. This new Issue means that savers can save at a new competitive rate whilst also supporting the UK’s green agenda in six key areas to help make our environment greener, cleaner and more sustainable. Our savers also benefit from NS&I’s 100% security on all capital invested due to HM Treasury’s backing.”

Key features of the Bonds are as follows:

  • 3-year fixed-term with an interest rate of 1.30% gross/AER.
  • Designed to be held for the whole term, but with a cooling-off period in the first 30 days of investment.
  • Access to your investment after three years.
  • Open to savers aged 16 and over.
  • The minimum investment in Green Savings Bonds is £100 with a maximum limit of £100,000 per person per Issue. Investors in the first Issue can also invest in the new, second Issue.
  • Available to purchase and manage online at
  • Investment limits apply per Issue: minimum of £100 and maximum of £100,000 per person, and can be made individually or jointly.
  • Customers must have a UK bank account capable of receiving BACS payments.
  • Fixed-rate is guaranteed for the whole term. Interest is earned daily and added once a year on the investment's anniversary, and paid on maturity.
  • Interest is earned without deducting any tax at source. Interest is taxable at maturity and will count towards the customer’s Personal Savings Allowance and needs to be declared by the individual. Customers who are concerned about how this might affect them should consider either contacting HMRC or seeking professional advice.

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Notes to Editors

  • NS&I is one of the largest savings organisations in the UK, offering a range of savings and investments to 25 million customers. All products offer 100% capital security, because NS&I is backed by HM Treasury.
  • Announced in the 2021 Spring Budget, Green Savings Bonds are a specific policy measure, and are distinct from NS&I’s normal activity. Investment in this product will not count towards NS&I’s Net Financing target or Value Indicator target.
  • The first Issue of Green Savings Bonds went on sale on 22 October 2021.
  • For more information on Green Savings Bonds, visit
  • The Green Savings Bonds are issued under the same UK Government Green Financing Framework as the UK’s green gilt programme. The Framework document provides further details of the UK’s plans in this space, including the types of expenditures to be financed, and can be accessed here.
  • NS&I is committed to ensuring all customers – including those who do not have access to online services, can invest in Green Savings Bonds. Customers who do not have access to the internet should call 08085 007 007. Call centre staff have been trained to help customers who are unable to transact online due to exceptional circumstances.
  • The Carbon Trust provided a pre-issuance impact assessment of the UK government green financing programme, which includes NS&I’s Green Savings Bonds. They found that the allocations ‘align sensibly’ with the Climate Change Committee’s recommended climate targets for the UK (known as its ‘Sixth Carbon Budget’) and they are ‘confident that the programme will contribute to achieving net zero by 2050’. You can read more about The Carbon Trust’s assessment here.
  • AER stands for Annual Equivalent Rate and enables the comparison of interest rates from different financial institutions and across different products on a like-for-like basis. It shows what the notional annual rate would be if interest was compounded each time it was credited or paid out. Where interest is credited once a year, the rate quoted and the AER will be the same.
  • Gross is the taxable rate of interest without the deduction of UK Income Tax.

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