# The National Savings (No. 2) Regulations 2015, Regulation 29: Accrual of interest on variable interest stock

Extent: E+W+S+N.I.

(1) This regulation applies to variable interest stock.
(2) The amount of any interest accruing on a particular day in relation to stock to which this regulation applies must be calculated using the following formula—
A = (V x I%)/365
where—
A is the amount of interest accruing in relation to the stock on the particular day;
V is the capital value of the stock on that day; and
I% is the annual rate of interest applying to the stock on that day.

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Source: https://www.legislation.gov.uk/uksi/2015/624/regulation/29 (the official version)
Page: https://openlegislation.uk/national-savings-no-2-regulations-2015/regulation-29
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.