Five Questions About: NS&I
What, the government-owned financial institution that used to be known as National Savings?
That's the one. It was also called the Post Office Bank once upon a time. The government-backed institution is now known as National Savings & Investments and runs Premium Bonds and a number of savings deals.
Has my number come up on the Premium Bonds?
Possibly, you'll need to check if you're one of the lucky ones by putting your number in at www.nsandi.com.
So if I'm not a winner, what's the news?
Two things. First you won't be able to buy Premium Bonds at Post Offices for cash from April. You'll have to pay for them with debit cards or cheques or buy online.
What about other Post Office-linked accounts? Will they be affected?
NS&I is withdrawing its T Cash ISA and its standard cash ISA, both of which allowed customers to use the Post Office to make withdrawals or deposits. The 94,000 customers affected will be transferred to the Direct ISA, which must be operated online or by phone.
That's bad news?
Actually it may be good news. The accounts being closed paid 0.5 per cent. The Direct ISA pays 2.25 per cent, so you'll be better off, albeit without branch access.
- 1 'Sickening, deluded and unforgivable': Horrific attack brings terror to London’s streets
- 2 Mothers' diets may harm IQs in two-thirds of babies
- 3 Far-right French historian, 78-year-old Dominique Venner, commits suicide in Notre Dame in protest against gay marriage
- 4 Eyewitness Ingrid Loyau-Kennett gives extraordinary account of her confrontation with Woolwich attackers
- 5 Woolwich attack: The EDL might have a sinister plan as a soldier is murdered in suspected Islamic terrorist attack
BMF is the UK’s biggest and best loved outdoor fitness classes
Find out what The Independent's resident travel expert has to say about one of the most beautiful small cities in the world
Win anything from gadgets to five-star holidays on our competitions and offers page.
Day In a Page
A modern home of almost 1,000sq ft is close to Stoke Newington's high street. £499,950
A five-bedroom bungalow in Hoveton with riverside garden and mooring dock, £550,000
A refurbished one-bedroom flat with south-facing reception and high ceilings. £579,950
A four-bedroom Grade II-listed house in Nazeing with large gardens. £550,000
A modern four-bedroom house in a converted stable within walking distance to Peckham Rye. £695,000
Three-bedroom house in a quiet residential area within close distance to Battersea Park. £450,000
A three-bedroom cottage within commuting distance of London, Norwich and Cambridge. £250,000
A two-bedroom cottage with a sun room and gardens in South Chard. £350,000.
A three-bedroom semi-detached house with original features including fireplaces and wooden flooring. £399,950
A modern two-bedroom flat split across two floors and close to several public transport links. £595,000
A one-bedroom flat with an open-plan reception/kitchen and private balcony. £315,000.
A bright two-bedroom garden flat between South Acton and Chiswick Park. £499,950.
A listed four-bedroom farmhouse with stables, set in four acres. £500,000.
A three-storey family home with four bedrooms and an extended kitchen/diner. £995,000.
A three-bedroom Hamstone cottage in the rolling Somerset countryside. £430,000.
A luxury one-bedroom apartment on the first floor of a converted Victorian house. £425,000.