NS&I raises rates on its Green Savings Bonds

NS&I has boosted the rate on its Green Savings Bonds as it plays catch up to the savings market

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National Savings & Investments (NS&I) has bumped up the interest rate on its Green Savings Bond - up from 3% to 4.2%. The bond is available on a three year fixed term.

The increase follows the government-backed bank’s relaunch of its one-year fixed bonds, as it attempts to bring in more savers and compete with the wider savings markets.

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Nic studied for a BA in journalism at Cardiff University, and has an MA in magazine journalism from City University. She has previously worked for MoneyWeek.