OpenLegislation

Article 2

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

The National Savings Bank (Investment Deposits) (Limits) Order 1977 shall be amended as follows:—

(a)

in Article 3, by substituting for the sum “£50,000” the sum “£200,000”;

(b)

in Article 4, by substituting for paragraph (1) thereof the following paragraph:—

“(1)

Nothing in Article 3 of this Order shall operate to prevent—

(a)

the receipt or crediting of any amount allowed by the National Savings Bank to a depositor by way of interest in respect of his investment deposit account;

(b)

the receipt or crediting of any amount transferred from the investment deposit account of another depositor in the National Savings Bank who has died; or

(c)

the crediting of any amount by the Director of Savings under Regulation 45 of the National Savings Stock Register Regulations 1976f1.”.

Annotations

Footnotes

f1

S.I. 1976/2012, to which there are amendments not relevant to this Order.