National Savings and Investments
 
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Is it right for me?

Why choose this product? If you want a straightforward passbook savings account with easy access to your money
Who can invest? Anyone aged 7 or over; can also be opened on behalf of under-7s
Minimum deposit £20
Maximum £1 million
Investment term No set term
Interest Variable, tiered
Tax status Taxable, paid gross

It may be right if you:

Tick

want a straightforward savings account with a passbook

Tick want to save at a UK Post Office® branch and by post
Tick

want easy access to your money

It may not be right if you:

Cross want fixed rates of interest
Cross want a regular income from your savings
Cross want to run your account by phone or online

     

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Benefits

  • Interest paid gross
  • Handy passbook
  • Easy access

Investor’s guide

Security