Is it safe? / National Savings & Investments
Is National Savings & Investments safe?
Yes — National Savings & Investments deposits are 100% guaranteed by HM Treasury with no upper limit, which is stronger protection than the standard FSCS scheme.
Protection
100% HM Treasury
Licence holder
NS&I
Parent company
HM Treasury
The shared-limit catch
National Savings & Investments shares its banking licence with NS&I, Premium Bonds. If you hold savings with more than one of these, the £120,000 FSCS limit applies to the combined total — not per brand. Spreading large balances across different licences keeps every pound protected. Check your spread →
National Savings & Investments's current savings rates
- NS&I Guaranteed Growth Bonds Issue 904.69% AER
- NS&I Guaranteed Income Bonds Issue 904.69% AER
From the daily rates scrape. Compare every provider →
Worth knowing
FSCS also covers temporary high balances (house sale, inheritance) up to £1.4m for six months (raised December 2025). Compensation is automatic if a firm fails — typically paid within seven days.