Green Savings Bonds Now Available | Gresham Wealth Management

Earlier in the year, we wrote on our blog about NS&I Green Savings Bonds after these were announced by the Chancellor in his Spring 2021 Budget.

The recent COP 26 summit has heightened awareness even more on Climate Change and we have all become ever more interested in the things we can do to reduce our impact on the planet, or even make changes for the better. It is for this reason that the news of a government backed green investment option has generated so much interest.

The new Green Savings Bonds became available to purchase online via the NS&I website from Friday 22 October. The Bonds have a 0.65% gross/AER fixed-rate over a three-year term and will be on sale for a minimum period of three months.

Green Savings Bonds require a minimum investment of £100 with a maximum limit of £100,000 per person. Investors need to be aged 16 or over. The full amount deposited will be held for three years and cannot be withdrawn during this time.

An announcement from NS&I states that the Government Bond will ‘help finance the Government’s green spending projects designed to tackle climate change and help make the UK greener and more sustainable’. Projects will be around greener transport, promoting renewable energy, preventing pollution, protecting natural resources and adapting to a changing climate.

With so much interest in green and ethical investing, it is good to see the Green Savings Bonds now available, although the interest rate is slightly disappointing. Clients that have an interest in ethical investing and helping the UK to reach its net zero emission targets via a government backed scheme may still wish to consider the new Bond.

For further help or advice on investing in the Bond alongside your existing portfolio, get in touch and we will be happy to help.

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