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Our heritage

NS&I has been trusted to look after the nations finances for over 150 years.

Why Phil Billingham recommends NS&I Why Phil Billingham recommends NS&I

"The return of your money not the return on your money is the best lesson from the financial crisis. For millions the NS&I brand stands for financial security, and remains the first-choice safe haven."

Danny Cox - Head of Communications, Hargreaves Lansdown

Our beginnings

In 1861, the Palmerston government set up the Post Office Savings Bank – a simple savings scheme aiming to encourage ordinary wage earners to “provide for themselves against adversity and ill health”.

We separated from the Post Office® in 1969, becoming National Savings. In 1996, we became an Executive Agency of the Chancellor of the Exchequer. In 2015 we ended our distribution contract with the Post Office, so now we are a 100% direct business.

NS&I today

We are one of the largest savings organisations in the UK, with over 25 million customers and more than £150 billion invested.

At NS&I we’re always looking to the future. Last year we handled over 22 million interactions online and our Adviser Centre website continues to receive up to 25,000 visitors every month.

We are increasing our presence on social media and introducing helpful digital applications like our Premium Bonds prize checker app.



years old


25 Million



£150 billion


NS&I heritage – In good times and bad

Watch this video to see how NS&I has evolved over the last 150 years. You can find more Heritage videos on our NS&I YouTube page.

Interested in NS&I’s heritage? Discover more on our NS&I Flickr page.

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