NS&I savings accounts

Government-backed NS&I holds more than £100 billion invested by UK savers.

The savings provider is best known for its Premium Bonds and index-linked savings certificates (though these are not always available) but is also unique in that your entire savings and investment balances will be protected, rather than just the first £85,000 under the Financial Services Compensation Scheme (FSCS). This is why NS&I is consistently popular among savers.

Compare NS&I savings accounts - Ordered by interest rate (AER)

    • Provider/Product name Children's Bonds Issue 35

      National Savings & Investments

      Children's Bonds Issue 35

    • Interest rate (AER) 2.50% Fixed
    • Min/Max opening amount £25 to £3,000
    • Notice / Term Term: 5 year bond
    • Account type Children’s Fixed Rate Account
    • Access Internet Post Telephone In Branch
    • Sorry, we have no link

      More details

    • Provider/Product name Direct ISA

      National Savings & Investments

      Direct ISA

    • Interest rate (AER) 1.50% Variable
    • Min/Max opening amount £1 to £40,980
    • Notice / Term Notice Period: none
    • Account type Cash ISA Transfer In
    • Access Internet Post Telephone In Branch
    • Sorry, we have no link

      More details

    Great for
    Quick and simple online access
    But be aware that
    Transfers from previous ISAs are not permitted
    Maximum balance you can have in the account is £35,040
    • Provider/Product name Income Bonds

      National Savings & Investments

      Income Bonds

    • Interest rate (AER) 1.26% Variable
    • Min/Max opening amount £500 to £1,000,000
    • Notice / Term Notice Period: none
    • Account type Easy Access Account
    • Access Internet Post Telephone In Branch
    • Sorry, we have no link

      More details

    • Provider/Product name NS&I Direct Saver

      National Savings & Investments

      NS&I Direct Saver

    • Interest rate (AER) 1.10% Variable
    • Min/Max opening amount £1 to £2,000,000
    • Notice / Term Notice Period: none
    • Account type Easy Access Account
    • Access Internet Post Telephone In Branch
    • Sorry, we have no link

      More details

    • Provider/Product name Investment

      National Savings & Investments

      Investment

    • Interest rate (AER) 0.75% Variable
    • Min/Max opening amount £20 to £1,000,000
    • Notice / Term Notice Period: none
    • Account type Easy Access Account
    • Access Internet Post Telephone In Branch
    • Sorry, we have no link

      More details

NS&I Savings Guide

NS&I is best known for Premium Bonds. Each bond generates a unique number, all of which are entered into a monthly draw and winners are selected at random. The jackpot is £1million but prizes range from £25 to £100,000. All prizes are all exempt from income tax and capital gains tax.

NS&I is also renowned for its index-linked savings certificates which ensure your interest is ahead of inflation. However, depending on the inflation and interest rates, these products are not always on sale.

NS&I also offers a range of savings accounts including fixed and variable rate ISAs, easy access savings accounts, income bonds (and income bonds for children) and a range of investments. You can choose whether you want to operate your account by post, telephone or online.

Unlike savings accounts from other providers, NS&I doesn’t require you to give notice prior to a withdrawal, and there are no penalties to pay for accessing your money.

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