{
  "url": "https://openlegislation.uk/national-savings-no-2-regulations-2015/regulation-61",
  "json_url": "https://openlegislation.uk/national-savings-no-2-regulations-2015/regulation-61.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/61",
  "kind": "regulation",
  "number": "61",
  "heading": "Accrual of interest",
  "text": "(1) This regulation applies in relation to—\n(a) a Children’s Bond; and\n(b) a Children’s Bonus Bond from and including the anniversary of its date of purchase that falls after 19th September 2012 and before 20th September 2013.\n(2) The amount of interest accruing on a particular day in relation to a children’s certificate to which this regulation applies must be calculated using the following formula—\nA = (V × I%)/365\nwhere—\nA is the amount of interest accruing in respect of the children’s certificate on the particular day;\nV is the capital value of the certificate on that day; and\nI% is the annual rate of interest fixed for the current term of the certificate, excluding any bonus that may apply.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 61 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/61",
    "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."
}