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National Savings & Investments

National Savings & Investments (NS&I) is a Government-owned savings bank offering savings and investments to the general public, and is therefore considered 100% secure. However, NS&I's investments are only available in limited issues and therefore are not always on general sale.

These investments cater for different saving requirements ranging from income needs to tax free investments. Investing your money in NS&I Income Bonds is a way of earning an additional income every month. Interest rates are variable and tiered, so the more you invest, the higher your income. NS&I Guaranteed Growth Bonds give you a guaranteed return on your investment, earning fixed rates of interest over a set term (currently not available - although to guarantee that you are aware of the next issue available, you may register on the NS&I website).

Fixed Interest Saving and Index Linked Savings Certificates are tax free (but unfortunately are not currently available - read our related news story: 'Withdrawal of NS&I Savings Certificates'). Index Linked Savings certificates guarantee that savings grow ahead of inflation, measured by the Retail Price Index (RPI) when held for at least half a year.

National Savings & Investments Gross Yield As of Term Min Deposit Max Deposit Net Lower Rate (20%) tax Net Higher Rate (40%) tax
Direct Saver 1.10% 19/02/2016 Instant £1 £2,000,000 Annually 1.10% 1.10%
Direct ISA 1.25% 19/02/2016 Instant £1 £15,240 Annually 1.56% 2.08%
Income Bonds 1.25% 19/02/2016 Instant £500 £1,000,000 Monthly 1.25% 1.25%

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