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  "path": "/money/nsi-interest-rates-green-savings-bonds",
  "publishedAt": "2026-04-08T15:27:25.000Z",
  "site": "https://www.gbnews.com",
  "tags": [
    "Rachel Reeves's pensions inheritance tax raids force savers to withdraw £2.3billion from retirements",
    "Pension rules change more than 30 times in 20 years as retirement savers face crippling uncertainty",
    "HMRC issues tax warning letters to savers with £3,500 in accounts",
    "The GB News Editorial Charter"
  ],
  "textContent": "\n\n\nNational Savings and Investments (NS&I) has brought back its Green Savings Bonds with a boosted interest rate for British savers.\n\nThe eighth issue of these environmentally-focused bonds now offers 3.82 per cent AER, representing a significant increase from the 2.95 per cent rate available on the previous issue.\n\n###\n\n\n\n\nFirst introduced in 2021, the bonds allow customers to contribute towards environmentally beneficial government initiatives while earning a fixed return on their deposits.\n\nThe savings provider, which serves more than 24 million customers across the UK, has come under fire in recent weeks following the revelation that the families of deceased customers were unable to access their loved ones' funds after they passed.\n\n###\n\n\n\n\n###\n\n\n\n\nSavers can invest anywhere from £100 up to £100,000 per person in each issue, with a minimum age requirement of 16.\n\nOnce deposited, funds remain locked for the full three-year period with no early access permitted.\n\nThe bonds carry complete protection through Treasury backing, offering 100 per cent security on all deposits held with NS&I.\n\nMoney raised through these bonds works alongside gilts to finance green initiatives under the UK Government Green Financing Framework, which was expanded in November 2025 to encompass nuclear energy projects.\n\n###\n\n\n\n\n### LATEST DEVELOPMENTS\n\n\n\n\n  * Rachel Reeves's pensions inheritance tax raids force savers to withdraw £2.3billion from retirements\n  * Pension rules change more than 30 times in 20 years as retirement savers face crippling uncertainty\n  * HMRC issues tax warning letters to savers with £3,500 in accounts\n\n\n\n###\n\n\n\n\n###\n\n\n\n\nThese bonds operate independently from NS&I's annual net financing target, which the Treasury determines each year.\n\nRachel Springall, a finance expert at Moneyfactscompare.co.uk, suggested the bonds may appeal \"to savers with big pots who are happy to forgo higher interest rates available elsewhere\".\n\nShe said: \"This latest offering from NS&I will likely be an enticing choice for savers who are content to lock their cash away for three years.\n\n\"However, the rate can be beaten by alternative brands, as many of the top rate deals pay 4.50 per cent or more.\"\n\n###\n\n\n\n\n###\n\n\n\n\nMs Springall pointed to Tandem Bank's three-year fixed deal at 4.56 per cent AER as one competitor, while also noting that Castle Trust Bank and Gatehouse Bank provide alternative options for those prioritising returns over Treasury-backed security.\n\nNS&I notified the Treasury in December of an operational failure to trace accounts comprehensively of some customers who had died.\n\nThe savings provider has apologised and said in a statement last month that \"the issue has been resolved for current and new bereavement claims and robust measures have been introduced to ensure this does not happen again\".\n\n###\n\n\n\n\n\n\n\n\n\n\n**Our Standards: The GB News Editorial Charter**",
  "title": "NS&I raises interest rates in major savings announcement"
}