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National Savings and Investments (NS&I), formerly called the Post Office Savings Bank and National Savings, is a state-owned savings bank in the United Kingdom. It is both a non-ministerial government department [ 1 ] and an executive agency of HM Treasury . [ 2 ]
In December 2008, NS&I reduced the interest rate (and therefore the odds of winning) due to the drop in the Bank of England base rate during the Great Recession, leading to criticism from members of Parliament, financial experts and holders of bonds; many claimed Premium Bonds were now "worthless", and somebody with £30,000 invested and ...
Index-linked Savings Certificates are British inflation linked bonds from National Savings and Investments, the state-owned savings bank in the United Kingdom.The bond terms are typically 2, 3 or 5 years.
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Although NS&I's best known product is the Premium Bond, this article is not the place for the minutiae about how they work. There is a more than adequate article here for that subject. Therefore, I have made two cuts to this article on this matter.
President-elect Trump says his White House victory last month comes down to two things. "I won on the border, and I won on groceries," the president-elect said in an interview on NBC News' "Meet ...