Just How Safe Is NS&I

Oblivion

National Savings & Investments make a big play of the fact that they are backed by the Treasury and so your savings are guaranteed up to any limit ... but just how safe is that assurance?

I now have a significant sum deposited with NS&I and I'd like to be reassured that it is really safe.

What is to stop the government announcing that all NS&I savings have now been confiscated to pay for the next idiotic war?

greenglide

Obviously anything is possible but most of the scenarios for NS&I would include a similar or worse happening to the other banks etc.

Tins of baked beans, bottles of water, tin foil hats!

[Deleted User]

Anderson shelter in the garden?

Oblivion

Sleazy wrote: »

Anderson shelter in the garden?

No need, we already have a huge 1940's brick and concrete air-raid shelter in our extensive grounds ... but what has that to do with our NS&I savings?

Wagas

It's as safe as you're going to get.

ColdIron

NS&I are not just backed by the Treasury, they are state owned and an executive arm of the Treasury

Keep_pedalling

Sleazy wrote: »

Anderson shelter in the garden?

And tinfoil hat.

Oblivion

greenglide wrote: »

Obviously anything is possible but most of the scenarios for NS&I would include a similar or worse happening to the other banks etc.

Well that sort of assumes a scenario of a government not in panic or not simply corrupt. There are Billions of pounds invested in NS&I 'savings' products. Can anyone guarantee they are really safe if say a 'Donald Trump think-a-like' were to be elected here in Britain?

Eco_Miser

What is to stop the government announcing that all [STRIKE]NS&I[/STRIKE] savings have now been confiscated to pay for the next idiotic war?

[Deleted User]

Oblivion wrote: »

No need, we already have a huge 1940's brick and concrete air-raid shelter in our extensive grounds ... but what has that to do with our NS&I savings?

Withdraw the lot in cash and put it in the shelter with a guard at the entrance?

If you have genuine concerns about NS & I, not sure what else you want people to suggest. Putin could invade and sequester everybody's belongings. Who knows?

bigfreddiel

Oblivion wrote: »

National Savings & Investments make a big play of the fact that they are backed by the Treasury and so your savings are guaranteed up to any limit ... but just how safe is that assurance?

I now have a significant sum deposited with NS&I and I'd like to be reassured that it is really safe.

What is to stop the government announcing that all NS&I savings have now been confiscated to pay for the next idiotic war?

How much are you worried about?

Cheers fj