National Savings and Investments (NS&I)

National Savings and Investments (NS&I) was set up in 1861 by the Government as the 'Post Office Savings Bank' with the objective of encouraging working class people to save 'to provide for themselves against adversity and ill health':

• Money invested could be borrowed and used for government purposes and interest payments could he met from taxes.
• The organisation is still accountable to the Treasury and has now developed a full range of investment products whilst still retaining one of its original advantages –the fact that many products do not suffer tax deduction at source.
• The products are mostly tax exempt or have their interest/returns paid gross (the fixed rate savings bond is the current exception).

The products offered are as follows:

• Premium bonds.
• Cash mini ISAs.
• Fixed interest savings certificates.
• Index-linked savings certificates.
• Children's bonus bonds.
• Income bonds.
• Pensioners guaranteed income bonds.
• Fixed rate savings bonds.
• Capital bonds.
• Guaranteed equity bonds.
• Investment account.
• Easy access savings account.

These products have a wide range of different terms, interest rates and even tax treatments. For further details, click here.

For more information, please contact us.