National Savings & Investments

National Savings & Investments (NS&I) is owned by the UK government, which means that it's one of the safest places to put your money.

It offers savings products such as regular savings accounts, Cash ISAs, income bonds, and also investment accounts too.

If you're looking for a single account to put more than £85,000 into then it's probably the safest place to turn. Deposits with NS&I are guaranteed by the Treasury, you don't need to worry about keeping under the Financial Services Compensation Scheme limit (currently £85,000) as you do with other brands.

NS&I also administrates Premium Bonds, in which you can hold up to £50,000 with the hopes of winning tax-free prizes of up to £1 million every month.

National Savings & Investments
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Savings Accounts

Ranked 37th of 53 providers reviewed.

Customer happiness score 58.37%
Customer trust score 70.26%
Complaints performance 60.22%
Transparency rating 59.66%
Fairer Finance score
Reviewed Autumn 2023
62%

Children's Accounts

Children's Savings Accounts

National Savings & Investments

Investment Account

Account Type i Easy Access
Interest Rate (AER) i 1%
Minimum Opening Balance i £20.00
Maximum Balance i £1,000,000.00
Notice Period i
Fixed Term Length i
Minimum Age to Open Account i 0
Maximum Age i 0
Withdrawal Penalty i
Part of FSCS i
Sharia Account i
Additional Opening Criteria i
Additional Information i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i

Savings Accounts

3 Year Fixed Rate Accounts

National Savings & Investments

NS&I Green Savings Bonds Issue 7

Interest Rate (AER) i 2.95%
Minimum Opening Balance i £100.00
What happens at maturity? i The provider will contact you before the account matures. If you don't instruct them the money will be transferred into a fixed term account with similar terms.
Part of FSCS i
Maximum Balance i £100,000.00
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Can you make early withdrawals? i
Withdrawal Penalty (days) i

Easy Access Accounts

Interest Rate (AER) i 3.65%
Balance Tiers i 3.65% from £500
Minimum Opening Balance i £500.00
Withdrawal Penalty i
Part of FSCS i
Maximum Balance i £1,000,000.00
Minimum Age to Open Account i 16
Penalty free withdrawals? i
Sharia Account i
Additional Information i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Additional Opening Criteria i

National Savings & Investments

NS&I Direct Saver

Interest Rate (AER) i 3.65%
Balance Tiers i 3.65% from £1
Minimum Opening Balance i £1.00
Withdrawal Penalty i
Part of FSCS i
Maximum Balance i £2,000,000.00
Minimum Age to Open Account i 16
Penalty free withdrawals? i
Sharia Account i
Additional Information i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Additional Opening Criteria i

National Savings & Investments

Investment Account

Interest Rate (AER) i 1%
Balance Tiers i 1.00% from £20
Minimum Opening Balance i £20.00
Withdrawal Penalty i
Part of FSCS i
Maximum Balance i £1,000,000.00
Minimum Age to Open Account i 0
Penalty free withdrawals? i
Sharia Account i
Additional Information i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Additional Opening Criteria i

Savings Accounts (ISAs)

Easy Access ISAs

Interest Rate (AER) i 3%
Minimum Opening Balance i £1.00
Part of FSCS i
Withdrawal Penalty i
Minimum Age to Open Account i 16
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Penalty free withdrawals? i
Can you transfer in funds from another cash ISA? i
Can you transfer in funds from a stocks and shares ISA? i

Junior ISAs

Interest Rate (AER) i 4%
Part of FSCS i
Minimum Opening Balance i £1.00
Minimum Age to Open Account i 0
Sharia Account i
Can be opened by mobile app? i
Can be opened in branch? i
Can be opened online? i
Can be managed by mobile app? i
Can be managed in branch? i
Can be managed online? i
Additional Opening Criteria i
Are early withdrawals allowed? i
Conditions of early withdrawal i
Can you transfer in funds from another cash ISA? i
Can you transfer in funds from a stocks and shares ISA? i