Although the bonds haven’t been launched yet, industry experts are speculating that the Chancellor could be preparing to make an announcement.
Laith Khalaf, head of investment analysis at AJ Bell, said it’s a big decision.
“The Chancellor has committed to launching a green NS&I savings bond this year, and we could well see Rishi Sunak announcing the interest rate in this Budget, in much the same way George Osborne did with the NS&I Pensioner Bonds in 2014,” he said.
He added that the three year green savings bond, backed by the Treasury, would be a welcome addition to the UK cash market, as it would give savers “a place to park their money and do their bit for the environment at the same time”.
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