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One of the UK’s largest savings organisations

Benefitting the public and the public purse

NS&I is one of the largest savings organisations in the UK with 25 million customers and more than £179 billion invested.

NS&I is both a government department and an Executive Agency of the Chancellor of the Exchequer. Our origins can be traced back over 150 years to 1861.

When customers invest in NS&I products, they are lending to the Government, which goes towards the public purse. In return, the Government pays interest, or prizes for Premium Bonds. We offer 100% security on all deposits.

Our performance

In 2019/2020

99.8

Availability of online customer services

96.4

Incoming customer interactions with us via digital channels (online and telephone)

6.9p

Administration cost per £100 of funds held by NS&I

175,000

Help to Save accounts opened

So far in 2020-21

NS&I delivered £14.5 billion of Net Financing in Q1 2020-21. This is against a whole year target of £35 billion (+/- £5 billion). NS&I’s Net Financing target for 2021-21 was previously set at £6 billion (+/- £3 billion), but was revised to £35 billion (+/- £5 billion) to reflect government finance requirements arising from Covid-19.



Inspiring a stronger savings culture

This was the second year of our strategy, Inspire & Invest. Here you can see our performance as well as the progress we’ve made towards each of our six strategic aims.

View annual report

Latest news

NS&I TO PAY ALL PREMIUM BONDS PRIZES DIRECT TO CUSTOMERS’ BANK ACCOUNTS

Premium Bonds paper prize cheques will be phased out from December 2020. Premium Bonds holders that still receive paper warrants need to take action to ensure they continue to automatically receive payment of their prizes. Customers can also choose to have prizes reinvested into more Premium Bonds, giving them more chances of winning prizes in future draws. Customers will receive prizes more quickly, more easily and more securely. Almost three quarters (74%) of Premium Bonds prizes are…

LESS IS SOMETIMES MORE IN ERNIE’S PREMIUM BONDS DRAW

After the launch of Premium Bonds in November 1956, savers across the nation waited with bated breath for the first draw in June 1957. Ever since then, ERNIE has randomly generated numbers, sharing out millions of tax-free prizes both large and small. Higher value prizes can sometimes feel out of reach for savers with more modest holdings, but each £1 Bond has an equal chance of winning, no matter where or when it was first bought. The most recent draw in September 2020 proved that sometimes…

Latest research

NS&I research shows that Generation Rent struggle to save, but not for want of trying

  • Nearly half (48%) of all young adults (18-34 age brackets) said a lack of disposable income affected their ability to save.
  • Three quarters of 18-24 and 63% of 25-34 year olds cut on spending in order to save.
  • Almost four in five (79%) of those with savings admitted to having to dip into their savings to cover their day-to-day living expenses.

New research by NS&I has revealed that nearly one in four people in the UK (23%) have no savings at all. This comes despite 77% of people saying they believed it was important to save.

Read the full story
PLACEHOLDER NS&I Latest Research Article

Join our team

Find out how to use your commercial skills and fresh thinking to create value for the public purse, and inspire the savers of today and tomorrow.

Learn more about working at NS&I