{
  "url": "https://openlegislation.uk/national-savings-regulations-2015/regulation-3",
  "json_url": "https://openlegislation.uk/national-savings-regulations-2015/regulation-3.json",
  "legislation": "uksi/2015/623",
  "legislation_title": "The National Savings Regulations 2015",
  "legislation_url": "https://openlegislation.uk/national-savings-regulations-2015",
  "path": "regulation/3",
  "kind": "regulation",
  "number": "3",
  "heading": "Closure of ordinary deposit accounts",
  "text": "(1) No ordinary account may be opened, and no ordinary deposit may be made.\n(2) An application to withdraw from an ordinary account must be for the balance of the account at the date of withdrawal including accrued interest not yet credited to the account.\n(3) Where no application to withdraw from an ordinary account in accordance with paragraph (2) was made before 12th May 2008, the Director of Savings may transfer that balance and accrued interest to an investment account in the name of the depositor.\n(4) Where the Director of Savings is unable for any reason to transfer the balance due on an ordinary account in accordance with paragraph (3), the Director of Savings may transfer the balance and accrued interest to a special Director’s account.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 3 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/2015/623/regulation/3",
    "retrieved_at": "2026-10-28T23:43:26.670511+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."
}