Glossary: National Savings Certificate

These are a UK government security issued under the National Loans Act 1968 by National Savings & Investments (NS&I), one of the largest savings organisations in the UK, with more than 26 million customers and almost £100bn invested. Backed by HM Treasury, NS&I markets a number of savings and investment products, such as index-linked savings certificates, premium bonds, income bonds and an ISA savings account. NS&I accounts for 16% of the UK’s national debt and is a relatively cheap way for the government borrow money rather than issue gilts.

Relevant to: Savings and cash Isas

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