Our savings and investments - Products no longer on sale

Easy Access Savings Account

The Easy Access Savings Account is no longer on sale and has been closed completely. Any remaining funds have now been transferred to the Residual Account.

Customers who held an Easy Access Savings Account and would like to have their money repaid should contact us and ask for an 'NS&I Residual Account repayment application' form. Alternatively you can download the form by clicking on the link below.

Residual Account repayment application form

Cash ISA

The NS&I Cash ISA closed on 25 May 2013. All accounts were transferred to a Direct ISA which can be managed online or by phone. Find out more about the NS&I Direct ISA.

T Cash ISA (formerly known as TESSA-only ISA)

The NS&I T Cash ISA closed on 25 May 2013. All accounts were transferred to a Direct ISA which can be managed online or by phone. Find out more about the NS&I Direct ISA.

Fixed Rate Savings Bonds

On 23 February 2008 we relaunched NS&I Fixed Rate Savings Bonds as two distinct investments with new names – the NS&I Guaranteed Income Bond and the NS&I Guaranteed Growth Bond.

If you already hold a Fixed Rate Savings Bond, any future correspondence about your investment will refer to it as either a Guaranteed Income Bond or a Guaranteed Growth Bond, depending on whether you chose the income or growth option when you invested.

Pensioners Bonds and Capital Bonds

Pensioners Guaranteed Income Bonds and Capital Bonds are no longer on sale. If you already hold either of these Bonds, there's no need to worry - your Bond will carry on earning interest at the same rate until it matures. Your money remains 100% secure, backed by HM Treasury. We'll write to you shortly before your Bond matures to let you know the options open to you.

If you want to find out more about the options available when your Bond matures, you can download a brochure pdf using the links below.

Pensioners Bonds "Changing Bonds" brochure PDF

Capital Bonds "Changing Bonds" brochure PDF

Ordinary Account/Treasurer's Account/SAYE/Yearly Plan/Deposit Bonds

All the above accounts and investments have now been closed completely and any remaining funds transferred to the NS&I Residual Account.

Customers of these accounts and investments wishing to have their money repaid should contact us and ask for an 'NS&I Residual Account repayment application' form. Alternatively you can download the form by clicking on the link below.

Residual Account repayment application form

FIRST Option Bonds

FIRST Option Bonds are no longer on sale.

If you have previously invested in a FIRST Option Bond it will continue to earn interest at a guaranteed rate until its 12 month anniversary. We will write to you shortly before the anniversary to let you know the new guaranteed rate for the next 12 months and to explain your other options for reinvestment. At each anniversary the interest you have earned is credited to your Bond net of tax. Tax is deducted at the rate applicable to savings (currently 20%).

If your Bond has reached an anniversary recently and you have not heard from us, it may be because you have changed address and not yet told us. Don't worry though, your Bond will still be earning interest. If we did not hear from you by the Bond's anniversary date, we will have automatically reinvested your Bond at the new rate guaranteed for a further 12 months.

If you have any FIRST Option Bonds and want to know the current position of your holding, please call us.

National Savings Stamps and Gift Tokens

These products are no longer sold.

If you have any National Savings Stamps or Gift tokens we can redeem these for you at face value. To do this, send the stamps and tokens to us with details of your name and address. We will send you a warrant for the value.

Please address these to:

National Savings and Investments
Glasgow
G58 1SB