Ian Ackerley, the CEO of government-backed savings provider NS&I, is to step down in March at the end of his second three-year term running the organisation. 

NS&I has doubled the interest rate on its Green Savings Bonds.

NS&I is to increase rates on many of its savings products in a move it says will benefit more than 1.3m people. 

NS&I’s new Green Bond pulled in £228m, according to the government-backed savings body’s Annual Report for 2021/2022.