Rishi Sunak has announced a new Green Savings Bond giving UK savers the opportunity to take part in the collective effort to tackle the climate emergency.
The Chancellor first announced the new savings product in the Spring Budget 2021. It will be offered through NS&I, the UK Government owned savings bank.
The account will allow UK savers to use their savings to help environmentally-focused projects get off the ground. It is due to be launched this summer.
Borders MP, John Lamont, has welcomed the new green savings product.
John Lamont MP said:
“The new Green Savings Bond is due to launch this summer and it will give savers across the UK the opportunity to put their money towards fighting the climate emergency.
“Savers will be able to know that whilst their money is gaining interest, it is also creating jobs in green industries and supporting environmentally friendly infrastructure projects.
“This innovative new savings product will help us on our route to net-zero, by pushing for the phasing out of coal by 2024, protecting our oceans from plastics and heralding in a new era of electric transport network."
