Claims extracted
28
sentences that state something as happening or true
Uncertain
11%
3 of 28 hedged
("reportedly", "may", "according to")
Leaning
Leans left
of the writing, not the subject · beta estimate
Publisher signals
64/100
Daily Mail's corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
1
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
National Savings and Investments (NS&I) raised the rate on its fixed-rate three-year Green Savings Bonds yesterday to 4.73 per cent.
asserted
Savings → raise → cent
New savers or those renewing their existing three-year bonds will earn this rate, up from a previous 4.45 per cent.
asserted
savers → renew → cent
If you want to help the Government finance its green agenda, these could be for you.
uncertain
these → want → you
For those more interested in securing the best savings rate, it doesn’t cut the mustard.
asserted
it → secure → mustard
NS&I has significantly upped rates on these Green Bonds this year from 2.95 per cent.
asserted
NS&I → up → cent
But GB Bank pays 5.2 per cent and even NS&I itself pays 5.07 per cent on its three-year Guaranteed Growth Bond.
asserted
NS&I → pay → Bond
To tie your money up for three years seems a rash move when rates are so volatile and inflation is rearing its ugly head.
asserted
inflation → tie → head
NS&I has significantly upped rates on its Green Bonds from a lowly 2.95% but there's still better to be had elsewhere
You can earn more on a one-year bond.
asserted
You → up → bond
NS&I’s one-year Guaranteed Growth Bond pays 4.99 per cent.
asserted
Bond → pay → cent
OakNorth Bank and Close Brothers pay 5.12 per cent and GB Bank 5.11 per cent.
asserted
Bank → pay → cent
The best rate Green Savings Bonds have paid over their five-year history is 5.7 per cent (Issue 5) against a top rate from competitors a shade over 6 per cent.
asserted
Bonds → pay → competitors
Those in this issue, on sale between August 22 and November 13, 2023, will take a cut if they reinvest now.
asserted
they → take → cut
With the Green Savings Bond, NS&I adds your interest each year – but you can’t touch the interest during the term.
asserted
you → add → term
Instead, it pays all the interest out in one go after three years, so you can only use that one tax year’s personal savings allowance to offset tax.
asserted
you → pay → tax
Basic rate taxpayers can earn £1,000 in interest per year in ordinary savings accounts without paying tax.
asserted
taxpayers → earn → tax
Higher rate payers get a £500 allowance.
asserted
payers → get → allowance
Additional rate payers get nothing.
asserted
payers → get → nothing
If you put £10,000 into the Green Savings Bond at 4.73 per cent, you will earn £1,486 interest over the three years.
asserted
you → put → years
This will bust your personal savings allowance when it matures.
asserted
it → bust → allowance
As a basic rate taxpayer, you will have to pay tax on £486 at 22 per cent (the new rate coming into effect next April, up from 20 8per cent).
asserted
you → have → cent
That £107 tax bill will reduce the interest you take home to £380, bringing your return down to nearer 4.6 per cent.
asserted
you → reduce → cent
If it gave you access to the interest each year, you could have no tax to pay on the £473 in year one, £495 in year two and £518 in year three.
uncertain
you → give → year
As a higher rate payer, you’ll pay 42 per cent on the £986 – or £414 – bringing your net interest down to around 3.6 per cent.
asserted
you → pay → cent
GB Bank gives you access to the interest each year, so you can use three lots of the annual personal savings allowance over the term.
asserted
you → give → term
If you take out a product This is Money may earn a commission.
uncertain
is → take → commission
These deals are chosen by our editorial team, as we think they are worth highlighting.
asserted
they → choose → team
This does not affect our editorial independence.
asserted
This → affect → independence
Terms and conditions apply on all offers.
asserted
Terms → apply → offers
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