National savings bank

National Savings and Investments (NS and I), which is earlier than the National Savings Bank, a state savings bank in the United Kingdom.

NS and I attract savers through offering saving products with tax free elements on certain products and a 100% guarantee from HM Treasury on all deposits. The NSI aims to encourage everyday working class people to save money for a rainy day. It also plays a large part in freeing up cash flow for a country with spiralling debts. NS and I managed around EUR 83 billion in savings, 9% of the UK savings market. During the First World War, the British Government introduced several schemes for the collection of funds to meet the expenditure. Money management tips to help you make reduce your costs and money for savings.