The new Green Savings Bonds announced by the Chancellor of the Exchequer, Rishi Sunak, in the 2021 Spring Budget are available to purchase from Friday the 22nd of October. The Green Savings Bonds offers’ a 0.65% gross/AER fixed rate over a three-year term.
Tell me more about Green Savings Bonds?
The key features of the Bonds are-
- They will be on sale for a minimum period of three months starting from the 22nd of October 2021.
- The minimum investment is £100 with a maximum limit of £100,000 per person.
- Investors need to be aged 16 or over to purchase the new Bonds from National Savings and Investments (NS&I).
- The full amount deposited will be held for three years and cannot be withdrawn during this time.
- NS&I is backed by the HM Treasury.
How will the funds raised from the Green Savings Bonds be used?
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. These 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.
How Anstee & Co can help you with financial planning.
If you are looking to take a Socially Responsible view with your investments, Green Savings Bonds might have a part to play. Socially Responsible Investment (SRI) aims to ensure that you as the investor can support companies that adhere to policies that meet your ethical views. You might also see references to “ethical”, “green”, “sustainable” or “Environmental Social and Governance (ESG)”. These terms all come under the broader umbrella of Socially Responsible Investing.
You can find out more by reading our article “Socially Responsible Investment: What is it?”.
If you would like to find out more about the Green Savings Bond or wish to review your investments in line with your ethical view, then why not contact us. As Independent Financial Advisers (IFA’s), the financial advice we offer is unbiased. Our experience covers all aspects of financial planning, including pensions, estate planning, mortgages and investments.
Our offices are located at-
- Kettering, Northamptonshire
- Stamford, Lincolnshire
- Towcester, Northamptonshire
- London, Greater London
We make full use of video conferencing facilities such as-
- Zoom
- Microsoft Teams
- Skype
- Facetime
Additionally, we can also arrange a conference telephone call. There is no need to visit an office as all work can be handled remotely.
So, if you have any thoughts or comments on this article, “Green Savings Bonds from N&SI. Should you have some?”, then we would love to hear from you.
Finally, the information contained in this article is for information purposes only and does not constitute advice. No action should be taken based on this information alone. Anstee & Co. is authorised and regulated by the Financial Conduct Authority (FCA).