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Revision as of 11:20, 2 March 2010

Title

National Savings & Investments - The safest home for your money

Description

The story of National Savings and Investments

In 1861 the Palmerston Government set up the "Post Office Savings Bank" - a simple savings scheme aiming to encourage ordinary wage earners "to provide for themselves against adversity and ill health".

The scheme quickly became very popular, and the deposits found their way from the Post Office to the Exchequer, providing a fund which the then Chancellor, Gladstone, could borrow for putting towards public spending.

Expansion and change

Significant expansion over the next century included the introduction of Savings Certificates during the First World War to help finance the war effort, while Premium Bonds were officially launched on 1 November 1956 by Harold Macmillan, Chancellor of the Exchequer. The first draw took place on 2 June 1957.

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Languages

English

Contact

National Savings and Investments
London
UK W14 8SD
+44 020 7348 9235

Logos

Logo-nsandi-com.gif

Additional Information

Related Domains

External Links





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