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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 ]
The annual interest is set by NS&I and was 1.40% as of December 2017, reducing to 1.00% as of December 2020. This was increased to 2.2%, as of October 2022 [update] then increased again to 3% as of January 2023 [update] and is now at 4.65% from September 2023. [ 21 ]
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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NSI also maintained the central database of assigned names called WHOIS. A contract was given to Boeing to operate the .mil TLD registry, and was also performed by NSI under subcontract. In May 1993, the NSF privatized the domain name registry; Network Solutions was the only bidder on the $5.9 million annual contract to administer it.