# The National Savings (No. 2) Regulations 2015, Regulation 44: Accrual of interest

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

(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.
(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.

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Source: https://www.legislation.gov.uk/uksi/2015/624/regulation/44 (the official version)
Page: https://openlegislation.uk/national-savings-no-2-regulations-2015/regulation-44
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.