NS&I cuts interest rate on Green Savings Bonds - where can you get a better deal?

The state-backed bank has slashed the interest rate on its Green Savings Bonds from 5.7% to 3.95%

Hand holding pile of coins
NS&I has released a new issue of its three-year Green Savings Bond at 3.95%, down from 5.7%
(Image credit: Getty Images/sarayut Thaneerat)

National Savings and Investments (NS&I) has cut the rate on its popular Green Savings Bonds amid expectations that interest rates have peaked.

The state-backed bank has released a new issue of its three-year Green Savings Bond at 3.95%, down from 5.7%.

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Marc Shoffman
Contributing editor

Marc Shoffman is an award-winning freelance journalist specialising in business, personal finance and property. His work has appeared in print and online publications ranging from FT Business to The Times, Mail on Sunday and the i newspaper. He also co-presents the In For A Penny financial planning podcast.