National Savings Investment Account

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To invest in a national savings investment account, visit a post office with proof of identification, deposit money, and allow the post office to invest the money in a series of funds. Find out how it may take time to see significant returns from a national savings investment account with information from an investment consultant in this free video on investing.

Part of the Video Series: Investment Advice
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Video Transcript

Are you located in the United Kingdom? Have you opened a national investment savings account? Hi, I'm Roger Groh of Groh Asset Management. And we're here today to talk about what they are. Well, in the U.K., you can walk into any post office and really open up what amounts to a investment account at the post office. Contributions are limited. You will need ID to do that, and you'll have to be able to prove with multiple forms of ID who you are. In addition, they will look carefully at where the money comes from that you invest with them. But what it amounts to is they're a bank. In the early days, this used to be called the post office savings account because you can give your money to them and then they will invest it for you in a series of funds, primarily -- some taxable, some exempt, some in stock, some in bonds. You get to choose, but they'll actually do the investing for you. Does it work? Over the years, they've provided significant, steady rates of return for their investors, and therefore, people keep flocking. Have fun doing it. I'm Roger Groh of Groh Asset Management, and thank you very much for spending time with me.

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