National Savings & Investment
Last Rated in Sep 2024
NS&I (National Savings and Investments) offers 100% secure savings options backed by the UK Treasury, appealing to consumers or businesses looking for safe investment opportunities. They are the exclusive provider of Premium Bonds, which give savers the chance to win tax-free prizes, as well as Green Bonds, which help to finance green projects. Since NS&I is owned by the UK Government and has no commercial lending, there is no risk of your money funding fossil fuels!
Have you opened an account with National Savings & Investment since visiting Bank.Green?
Key Facts
Type: Bank
Mobile Banking: Yes
Environmental Policy: No
Founded: 1861
Serving: Consumers & Organisations
Local Branches: No
Products
Checking Accounts: No
Savings Accounts: Yes
Credit Cards: No
Mortgages or Loans: No
Business Lending: No
ISAs: Yes
Fees
Overdraft Fee: Yes
Account Maintenance Fee: Yes
Free ATM Network: No
Impact
• The NS&I Green Savings Bonds will help finance green projects.
• Money invested in Green Savings Bonds will also go to the UK Treasury which plans to allocate an amount equivalent to the proceeds raised from Green Savings Bonds, to its chosen green projects, within two years.
• These projects include protecting natural resources and switching to renewable energy from fossil fuels.
• The NS&I falls under the Greening Government targets and the UK Governments Net Zero by 2050 target.
Security
• NS&I secure 100% of your savings, regardless of the amount invested. They are backed by the UK Treasury
• Online security features include two-factor authentication and a one-time passcode for all new device logins.
Service
• Customer service is available from 8am to 8pm Monday to Friday and 8am to 6pm Saturday and Sunday. They are closed on Bank Holidays.
Accessibility
• NS&I do not have branches. Savings accounts can be opened online, by phone or by post.
• Customer reviews highlight a reasonably high degree of satisfaction with the overall user experience both via the website and over the phone.
• The simplicity of the process is noted by many customers.
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