NS&I

What is NS&I?

NS&I, also known as National Savings and Investments, is a government-backed savings institution in the United Kingdom. It was founded in 1861 and offers savings accounts, premium bonds, and other investment options.

NS&I is unique because it is entirely owned by the UK government and is backed by HM Treasury, meaning that all savings and investments with NS&I are 100% secure. Unlike other financial institutions, NS&I is focused solely on saving and investing, and does not offer current accounts or mortgages.

What are the benefits of using NS&I?

One of the main benefits of saving with NS&I is the security it offers. With its backing from HM Treasury, savers can be reassured that their money is safe. Another benefit is the range of savings options available, from premium bonds to fixed-rate savings accounts.

Furthermore, NS&I offers attractive interest rates on its savings accounts and premium bonds, making it a competitive option for savers. It also regularly introduces new savings products and promotions to keep up with changing consumer demands.