NS&I Flashcards
1
Q
Which NSI products are TAX free?
A
PICK
- Premium Bonds
- ISAs
- Certificate (National Savings Certificates)
- Kids (Junior ISA)
2
Q
What is the golden rule for fixed / variable rate NSI products?
A
Products with a fixed term have a fixed rate - products with a variable term have a variable rate.
3
Q
National Saving Certificates
- Deposit Amounts
- Term
- Interest
- Tax
A
Not currently available. Fixed interest or index linked. 90 days Interest penalty for early withdrawal.
- £15K
- 1, 3, 5 Year
- Fixed or index linked
- Tax Free
4
Q
Direct Saver
- Deposit Amounts
- Term
- Interest
- Tax
A
- £1 - £2m
- No Term
- Variable
- Gross but taxable
5
Q
Premium Bonds
- Deposit Amounts
- Term
- Interest
- Tax
A
- £25 / £50k
- No Term
- Variable
- Tax Free
6
Q
Income Bonds
- Deposit Amounts
- Term
- Interest
- Tax
A
Pays income monthly directly into your bank
- £500 / £1m
- No Term
- Variable
- Gross but taxable
7
Q
Green Saving Bonds
- Deposit Amounts
- Term
- Interest
- Tax
A
- £100 / £100K
- 3 Year
- Fixed
- Gross but Taxable
8
Q
Guaranteed Growth Bonds
- Deposit Amounts
- Term
- Interest
- Tax
A
Not currently on sale
- £500 / £1m
- 1 Year
- Fixed
- Gross but Taxable
9
Q
Guaranteed Income Bonds
- Deposit Amounts
- Term
- Interest
- Tax
A
Not currently on sale
- £500 / £1m
- 1 Year
- Fixed
- Gross but Taxable
