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NS&I savings accounts

If you’re looking for a safe and dependable home for your money, going for a National Savings account (‘NS&I’) could be a good move. Originally known as Post Office Savings, NS&I are one of the largest savings organisations in the UK, with over £100 billion invested. Because NS&I are government-backed, all the money you invest with them is totally secure and 100% guaranteed, unlike some private financial institutions.

How to find the best NS&I savings accounts

There are a number of different ways to save with NS&I. From variable rate, easy access NS&I savings accounts, to NS&I income bonds and ISAs, National Savings accounts also tend to be flexible in terms of withdrawals and notice periods. However, the NS&I interest rates aren’t always the highest in the market. The best NS&I savings account for you will depend on what you are looking for. Whether you need regular income from your savings, or a simple, easy access account with plenty of flexibility, you should consider how much you can save and how regularly, before you apply.  You can apply for NS&I savings accounts in a variety of ways – at the Post Office, online or over the phone.

Advantages of NS&I savings accounts

National Savings and Investments are a different type of financial institution to the traditional bank or building society. Set up in 1861, with the aim of encouraging ordinary people to plan and save for the future, money deposited in an NS&I savings account is used by the Treasury for public spending purposes. The advantages of NS&I savings are:-

There are downsides though, namely that NS&I savings rates are not the highest on the market. However, they do offer peace of mind that your full investment is guaranteed. And even if the headline rates are low, the returns may work out better than you think if you choose a tax-free NS&I product.

NS&I savings comparison

If you’re looking for safety and security from your savings and investments, comparing NS&I savings could be a wise move. Our free comparison service allows you to compare NS&I savings rates and explore the different products on offer. From ISAs to easy access savings accounts, to find out more information and choose the best NS&I savings account for you, browse our NS&I comparison tables. You can also use the site to find out about all sorts of other savings, such as easy access and offshore savings accounts.

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