National Savings & Investments (NS&I)

Offering some of the most low-risk ways to save, NS&I is a government-backed agency offering savings and investments products for both adults and children. All deposits have a 100 per cent guarantee from HM Treasury, which is very attractive if you value security most of all.

However, low-risk products also tend to offer lower rates of growth, so you will not find the highest interest rates with NS&I. You should also bear in mind that there is no such thing as a zero-risk investment, as even if the capital sum of your money is guaranteed, inflation can still reduce its value if it doesn’t grow enough to compensate for this.

NS&I provides a wide range of products including:

  • Savings accounts
  • ISAs
  • Income bonds
    Instant-access bonds designed to provide a monthly income at a variable rate
  • Children's bonds
    Tax-free five-year bonds you can use to save for a child who’s under 16
  • Premium bonds
    The most famous NS&I product, these do not pay interest but instead enter savers in a monthly prize draw, with prizes ranging from £25 to £1m. However, each month the odds of winning £1m with a holding of £1000 are 27,300,000 to 1 against!

Ask a financial adviser if they recommend NS&I products for you, or whether your current NS&I products could be working harder for you somewhere else.