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NS&I set to launch three-year green savings bonds


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 over fossil fuels, preventing pollution, using energy more efficiently, protecting natural resources and adapting to a changing climate. ....

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MPs seek answers from NS&I following string of complaints


MPs seek answers from NS&I following string of complaints
PA
MPs are seeking answers from savings giant NS&I following a string of complaints.
The chair of the Treasury Committee Mel Stride has written to NS&I’s chief executive Ian Ackerley following indications that consumer satisfaction levels with the provider of Premium Bonds and other saving products are low.
The committee highlighted “dramatic cuts” that NS&I, which is backed by the Treasury, has made to its savings products as well as a recently-postponed decision to stop paying Premium Bond winners using warrants, which are like cheques.
In early December, NS&I (National Savings and Investments) said it is delaying its planned phase-out of Premium Bonds prize warrants because some customers have struggled to contact the provider. ....

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