Premium Bonds: Are they safe? How NS&I savings option differs to UK bank accounts | Personal Finance | Finance

“We’re the only provider that secures 100 percent of your savings, however much you invest.”

The security of up to £85,000 of savings being referred to is the protection provided by the Financial Services Compensation Scheme.

It means that if a UK-authorised bank, building society or credit union fails after January 1, 2017, customers will be automatically compensated.

This is up to £85,000 per eligible person, per bank, building society or credit union.

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