National Savings ISAs

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National Savings ISAs

National Savings and Investments - formerly known as National Savings - is backed by the government, so investing with them means your money is 100% secure.

You can now open a Cash mini ISA with NSI and pay no tax on the interest you earn on the investment.

You can now open a Cash mini ISA with NSI and pay no tax on the interest you earn on the investment.

The NSI Cash mini ISA is an easy, straightforward ISA that offers guaranteed returns, and is a safe investment, but will not offer the potential higher returns that come from riskier investments.

You can either deposit your money in one go, or add to the ISA during the year. The minimum deposit is £10. See our Tax Guide for details of the amounts you can invest. The interest rate is variable but will never be lower than 2% below the base rate.

As with other ISA providers, if you open a Cash mini ISA with NSI you cannot open any other ISA during that tax year.

 

You can take money out whenever you need to, by post or phone, with no notice and no penalty. There is no limit to the frequency of withdrawals.

NSI will send the payment within seven working days of receiving your instructions and will only make payments from your ISA to you personally. NSI will pay directly into a nominated bank or building society account, or send you a warrant - a kind of cheque.

NSI can also send you a special warrant that allows you to receive the money in cash at a Post Office branch, up to £300 at a time.

Because NSI investments are backed by the Treasury - you are effectively lending the government money with your investment - they are 100% safe.

Below are links relating to National Savings ISAs:

ISAs are an excellent way to invest your money tax-free. For other ways to pay no tax on investments, see our section on www.Investments.co.uk/Investing_for Children/tax-free_savings plans

 

UK Investments - Financial, Property & Other Investments - 1998-2008