# The National Savings (No. 2) Regulations 2015, Regulation 61: Accrual of interest

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

(1) This regulation applies in relation to—
(a) a Children’s Bond; and
(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.
(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—
A = (V × I%)/365
where—
A is the amount of interest accruing in respect of the children’s certificate on the particular day;
V is the capital value of the certificate on that day; and
I% is the annual rate of interest fixed for the current term of the certificate, excluding any bonus that may apply.

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Source: https://www.legislation.gov.uk/uksi/2015/624/regulation/61 (the official version)
Page: https://openlegislation.uk/national-savings-no-2-regulations-2015/regulation-61
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.