{
  "url": "https://openlegislation.uk/national-savings-no-2-regulations-2015/regulation-44",
  "json_url": "https://openlegislation.uk/national-savings-no-2-regulations-2015/regulation-44.json",
  "legislation": "uksi/2015/624",
  "legislation_title": "The National Savings (No. 2) Regulations 2015",
  "legislation_url": "https://openlegislation.uk/national-savings-no-2-regulations-2015",
  "path": "regulation/44",
  "kind": "regulation",
  "number": "44",
  "heading": "Accrual of interest",
  "text": "(1) In relation to a rolled-over certificate or a certificate purchased after 19th September 2012, interest accrues on a daily basis for as long as the certificate is held.\n(2) The interest that accrues on any day is an amount equal to 1/365th of the value of the certificate on that day multiplied by the annual rate of interest (expressed as a percentage) which has been fixed for the current term of the certificate.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 44 in force at 6.4.2015, see reg. 1(1)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2015/624/regulation/44",
    "retrieved_at": "2026-10-28T23:43:25.941611+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}