Glossary · Savings
NS&I (National Savings & Investments)
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Definition: The government-backed savings provider. 100% of money held with NS&I is HM-Treasury-backed, beyond the £85,000 FSCS limit.
Products include Premium Bonds, Direct Saver, Income Bonds, Green Savings Bonds and Junior ISA. Returns are sometimes below the market but security is unique among UK providers.
Primary source: nsandi.com