NS&I Relaunches Green Savings Bonds with Higher Interest Rate
NS&I has relaunched its Green Savings Bonds with a higher interest rate. The new issue pays a fixed 3.82% AER over three years.
Offer specifics
The bonds returned to sale on Wednesday. Savers must invest at least £100.
Each person can buy up to £100,000 per issue. Investors must be at least 16 years old.
Funds are locked for the full three-year term. Withdrawals are not permitted until maturity.
Background and purpose
The product first launched in 2021. It helps finance UK green government projects.
These bonds sit alongside gilts under the Government Green Financing Framework. That framework was updated in November 2025 to include nuclear energy projects.
Where this issue sits in the series
This is the eighth issue of the Green Savings Bonds. The previous issue paid 2.95% AER.
The bonds are issued separately from NS&I’s annual net financing target. The Treasury sets that target each year.
Security and customer reach
NS&I serves more than 24 million customers. It is backed by the Treasury and offers full security for deposits.
Market context and alternatives
Some savers may value the security and simplicity of these bonds. Others can find higher rates elsewhere.
- Tandem Bank has offered a three-year fixed rate of about 4.56% AER.
- Castle Trust Bank and Gatehouse Bank have also provided competitive three-year deals.
Experts say the bonds may suit large savers prepared to lock money away. Top market deals, by contrast, often exceed 4.50%.
Operational lapse and follow-up
In March, NS&I revealed an operational failure affecting bereavement claims. The organisation told the Treasury in December that some deceased customers’ accounts were not traced comprehensively.
NS&I has apologised and said the problem is resolved for current and new bereavement claims. It also reported introducing stronger measures to prevent a repeat.
Summary for savers
The relaunched Green Savings Bonds offer a secure, government-backed option. They pay a fixed 3.82% AER for savers willing to lock cash for three years.
Filmogaz.com reported these details and recommends comparing offerings before committing funds.
