Green Savings Bonds

Essentials at a glance

What's the interest rate?

Issue 8: 3.82% gross/AER, fixed for 3 years

Can I take money out?

No, you cannot take money out until the Bond reaches the end of its term

Is the interest taxable?

Yes, in the tax year your Bond matures

How much can I start with?

£100

What’s the max. I can save?

£100,000 per person

Great for you if …

• You want a guaranteed interest rate, fixed for three years
• You have £100 or more to invest
• You want your savings to contribute towards green projects
• You are happy to invest online

Not for you if …

• You want access to your money during the term
• You prefer to invest by phone or by post
• You want to invest in trust

Green Savings Bonds FAQs

• I cannot invest online, what do I do?

  Our Green Savings Bonds are designed to be invested in and managed online. However, if you can't invest online, please call us and we’ll let you know your options.

  Call us

  Learn more about getting extra support

• Can I top-up a Green Savings Bond I’ve already bought?

  No, once you’ve bought a fixed-term Bond, you can’t add any more money to it.

  You can buy more Bonds though if they are still on sale, up to a total value of £100,000 per person in the current Issue.

  Each Bond you buy is a separate investment with its own maturity date.

• What is ‘green’ about Green Savings Bonds?

  When you invest in Green Savings Bonds, your savings will be contributing to green projects chosen by the Government.

  HM Treasury plans to allocate an amount equivalent to the funds raised from Green Savings Bonds, to its chosen green projects, within two years.

  The Government will publish details about how the money is being spent and what the environmental benefits are, so you can see the difference you’re making.

  Green Savings Bonds is also an ‘online only’ account, meaning you’ll need to invest and manage your Bonds online. This means we'll send out less paper.

• Can I move money from another NS&I account to Green Savings Bonds?

  Yes, if you have an NS&I Direct Saver, you can apply online for Green Savings Bonds and pay for it from your Direct Saver.

  If you want to use another NS&I account, just fill out a quick online form and we’ll get it sorted for you. Be sure to have the details of the account you want to switch from to hand.

  Switch to Green Savings Bonds – individual account 
   

  Only use if switching from another NS&I account or investment

  Switch to Green Savings Bonds – joint account 
   

  Only use if switching from another NS&I account or investment

  Prefer the post?

  It will take a bit longer, but you can still download and send us a paper form in the post.

  Form to switch by post

• How will my money be used?

  All money invested in NS&I is passed onto HM Treasury and contributes towards government spending while it's held in a general account. HM Treasury plans to allocate an amount equivalent to the raised from Green Savings Bonds, to its chosen green projects, within two years.

  The Government regularly publishes details about how money is being spent and what the environmental benefits are, so you can see the difference you’re making. Learn more about the key areas the Government are planning to spend your money on:

  For information about the key areas where the Government is planning to spend your money visit www.gov.uk/government/collections/uk-government-green-financing-programme

  Bonds bought after 8 April 2026 will follow the new Green Financing Framework announced by the Government in November 2025, which sets out how money will be allocated to green projects. You can learn more about the new framework at www.gov.uk/government/publications/uk-government-green-financing-framework-2025

  In the new framework, the Government now plans to use some of the money raised through Green Savings Bonds to help fund nuclear energy projects.

  Any Bonds bought or renewed before 8 April 2026 will continue to follow the previous Green Financing Framework created in 2021. If you decide to renew these Bonds when they reach the end of their term, they’ll also continue to follow the old framework.

  For more details about the Green Financing Framework 2021 visit www.gov.uk/government/publications/uk-government-green-financing

• Will I have to pay tax on my savings?

  Each year, we’ll send you a statement that sets out how much interest you’ve earned.

  The interest you earn on most savings will count towards your taxable income. But this doesn’t mean you’ll have to pay tax on it. It all depends how much interest you earn in total and what rate of tax you pay.

  Each year, we’ll send you a statement that sets out how much interest you’ve earned.

  You can find out more in our Help section.

  Paying tax on your savings

• Will I be able to access my money early?

  No. Once you invest, you won’t be able to access your money until your Bond reaches the end of its term, but in return you’ll be guaranteed a fixed rate of interest for three years.

• What happens if I change my mind?

  If you change your mind, you can cancel within 30 days of receiving confirmation of your Bond. You can do this online or by phone, or you can write to us.

  We'll refund your money, plus any interest earned, within 14 days of cancellation.

• How do I invest jointly?

  We’ll ask you as part of your application if you’d like to save with someone else. You’ll each get your own login details so you can manage your account.