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.
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.
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