When saving or investing with NS&I, you’re lending to the government and your money is totally secure.
Different NS&I products might pay interest, stock market or inflation-linked returns (income) or, in the case of Premium Bonds, tax-free prizes.
Some NS&I products might charge penalties if you cash out early for some investment products, meaning you may get less back than your original investment.
Unlike most UK banks, the NS&I is for savings only. This means it doesn’t lend money. For example, you can’t take out a mortgage or a credit card.