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NS&I sees sales surge

National Savings and Investments increased sales of its products by 9 per cent to £11.2bn in the year to March 2003, up from £10.3bn the previous year.

The Government-backed savings and investments provider saw sales of Premium Bonds rise to £4.75bn over 2002/2003 and have seen monthly sales soar since then with £1.1bn sold in May 2003.
NS&I chief executive Alan Cook says: “Our growth during the past year has been driven largely by a flight to safety and the 100 per cent security offered by our products. Savers and investors have also taken advantage of our improved distribution channels and invested considerable amounts of money in our Premium Bonds and Guaranteed Equity Bonds.”

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