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National Savings and Investments (NS&I) is both a Government department and an Executive Agency of the Chancellor of the Exchequer. According to its website, NS&I is one of the largest savings organisations in the UK, with 24 million customers. Perhaps best known for premium bonds, the organisation also offers a range of other savings and investments to suit different people’s needs. All the products offer 100% security because NS&I is backed by HM Treasury. This means it is attractive for individuals wishing to shelter cash for a relatively short time (eg the proceeds of a house sale prior to a new purchase) to save with NS&I as their money is protected.

Individuals can buy National Savings products online, but new investors will need to supply evidence of identity and address.

This guidance note gives an overview of NS&I products, but it is advisable to check the NS&I website as the products it offers are subject to change.