NSAndI.com
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.
Languages
English
Contact
- National Savings and Investments
- Blackpool
- FY3 9YP
Toll Free: 0500 007 007
Fill the contact form
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External Links
- Alexa: Nsandi.com