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)

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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