Page 21 - Ian Ackerley News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Three-year green savings bonds giving savers the chance to back the Government’s environmental projects have received a mixed response.

Chancellor says new bond will let consumer 'put their money to work in the fight against climate change'

July 1, 2021, 12:04 am Green savings bonds, allowing savers to help finance initiatives tackling climate change, will be launched by NS&I later this year (NS&I/PA) Green savings bonds, allowing savers to help finance initiatives tackling climate change, will be launched by NS&I later this year. The bonds, announced in the 2021 Budget, will be available to buy online at nsandi.com. They will be available at a fixed rate for a three-year term and money invested will help to finance green projects chosen by the Government. Projects will include making transport greener, using renewable energy o...

Many of us will have paid little attention to NS&I's announcement last year that its savers would no longer receive cheques in the post for its prize draw winnings. But then again, many of us are adept at using the internet and have no qualms using a website to submit our bank details. And, on paper, it seemed like a smart idea — streamline the prize payments system and save lots of paper and money in the process. Convenient: But receiving a cheque in the post was part of the charm and the attraction of Premium Bonds and many older savers are not comfortable using apps or the internet

NS&I confirms it will continue to let savers receive prize cheques in the post  Premium Bonds are UK's favourite savings product, held by over 20m people   NS&I planned to start paying winnings into bank accounts only in December But some customers were unable to register their bank details with NS&I online Others had no desire to share their details with the organisation at all We revealed NS&I had only surveyed customers with the internet about the plan