Ns&i

RG2015

There is no limit on the protection. However the limit for holding Income Bonds is £1 million.

xylophone

https://www.nsandi.com/
Find out more about 100% secure savings and investments with NS&I

Each product has its own limit therefore it follows that if you  save/invest  the maximum in every product for which you are eligible you will reach a total limit.....

colsten

You don't need to worry about any £85k limit as NS&I is backed by the Treasury and has therefore unlimited guarantee.

The deposit limit for NS&I Income Bonds is £1m. You can have more than one of these accounts if one isn't enough.

redpete

coachman12 said:

In view of the many different threads on MSE Forums about NS&I, I thought the following link might be of some help, particularly the names and telephone numbers of "media advisers" who might be able to help answer questions which so many new customers seem to have

I'm not sure what help an individual should expect to get from PR or marketing people.

d63

colsten said:

You don't need to worry about any £85k limit as NS&I is backed by the Treasury and has therefore unlimited guarantee.

The deposit limit for NS&I Income Bonds is £1m. You can have more than one of these accounts if one isn't enough.

but can we be sure there's no need to worry? an unlimited guarantee sounds all well and good, but wasn't there some fellow from the treasury saying a while back there wasn't any money left? or, or words to that effect. he was joking, right?

RG2015

d63 said:

colsten said:

You don't need to worry about any £85k limit as NS&I is backed by the Treasury and has therefore unlimited guarantee.

The deposit limit for NS&I Income Bonds is £1m. You can have more than one of these accounts if one isn't enough.

but can we be sure there's no need to worry? an unlimited guarantee sounds all well and good, but wasn't there some fellow from the treasury saying a while back there wasn't any money left? or, or words to that effect. he was joking, right?

The government has far more subtle ways of depriving us of our wealth than reneging on the NS&I guarantee. 

eskbanker

d63 said:

colsten said:

You don't need to worry about any £85k limit as NS&I is backed by the Treasury and has therefore unlimited guarantee.

The deposit limit for NS&I Income Bonds is £1m. You can have more than one of these accounts if one isn't enough.

but can we be sure there's no need to worry? an unlimited guarantee sounds all well and good, but wasn't there some fellow from the treasury saying a while back there wasn't any money left? or, or words to that effect. he was joking, right?

I bet when Liam Byrne made his flippant in-joke, he wouldn't have envisaged someone taking it seriously ever, never mind recalling it over ten years later and believing it to be genuinely indicative of the financial health of the treasury either then or now!

coachman12

d63 said:

colsten said:

You don't need to worry about any £85k limit as NS&I is backed by the Treasury and has therefore unlimited guarantee.

The deposit limit for NS&I Income Bonds is £1m. You can have more than one of these accounts if one isn't enough.

but can we be sure there's no need to worry? an unlimited guarantee sounds all well and good, but wasn't there some fellow from the treasury saying a while back there wasn't any money left? or, or words to that effect. he was joking, right?

Yes, you can be absolutely sure there is no need to worry !

clonkel

I opened an account and found the following.
Debit card payments = 7 days which includes the day you paid it in before 18:30
Bank, faster payment = next working day
Withdrawals = 1 working day
If you don't need the money then debit card payments pay interest immediately whilst faster payments when they arrive.
Also your funds available always shows £500 less as that is the minimum required to keep the account open. It will show 0 with a £500 in the account and then if you withdraw it the account will close. This one foxed me for a while.

CottageDweller

RG2015 said:

There is no limit on the protection. However the limit for holding Income Bonds is £1 million.

Thanks for that. But, sorry to press the protection issue - where is this stated? NS&I are utterly impossible to engage with at the moment, so I'm unable to ask them!