Article 2
The National Savings Bank (Investment Deposits) (Limits) Order 1977 shall be amended as follows:—
in Article 3, by substituting for the sum “£50,000” the sum “£200,000”;
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
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S.I. 1976/2012, to which there are amendments not relevant to this Order.