Savings provider teams up with supermarket

Wed, 01 Mar 2006

In a bid to help people who claim they are too busy to be saving money, government-backed savings provider National Savings and Investments (NS&I) has extended its partnership with Tesco Personal Finance.

In over 700 Tesco stores, customers can now pick up brochures with information on premium savings bonds and inflation-beating index-linked savings certificates offered by NS&I.

Consumers can apply for these savings products via the post or telephone or by logging on to Tesco's website.

"This marketing partnership will make it even more straightforward and easy for people to find out about our savings and investments products and opens NS&I up to a wider audience," comments NS&I's acting chief executive Trevor Bayley.

He adds that NS&I is experiencing an "exciting time" for development.

Jim Macdonald, chief executive of Tesco Personal Finance, says the supermarket wants to help people reach savings goals, so the partnership with NS&I is "great news" for customers.

"By combining the unique range of NS&I products with the accessibility and convenience of Tesco stores, we can help make saving for the future easier than ever," he concludes.

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