From the Developments page in SharePoint Online (link to Developments), Find the "New Site Template" folder.
Right Click the folder and select Copy to
On the right side of the page in the pop out menu, click on Current Library under Choose a destination.
Then click Copy here at the bottom of the page. Do not click on any other folders in the list.
This will take a few seconds to copy the folder to the developments list. You will get a notification once it has copied. If you cannot see the folder, click the refresh button in your browser or press the F5 key.
Scroll down and you will find "New site template 1" in the folder list. From here you can rename it by right clicking the folder then select rename.
Once you have given the folder its site code and name you may need to refresh the page again to see it.
You can now use the folder!
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