Statutory Instrument 1992 No. 2892

The National Savings Bank (Amendment) Regulations 1992

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© Crown Copyright 1992

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1992 No. 2892

SAVINGS BANKS

The National Savings Bank (Amendment) Regulations 1992

The Treasury, in exercise of the powers conferred upon them by sections 2(1) and 8(1) of the National Savings Bank Act 1971^[1] and of all other powers enabling them in that behalf, hereby make the following Regulations :

    1.    These Regulations may be cited as the National Savings Bank (Amendment) Regulations 1992 and shall come into force on 1st February 1993.

    2.    The National Savings Bank Regulations 1972^[2] shall be amended:
 (a) in regulation 20, by the substitution of "£10" for "£5" ; and
 (b) in regulation 28(5), by the substitution of "£20" for "£5".

Tim Wood

Tim Boswell

Two of the Lords Commissioners of Her Majesty's Treasury

18th November 1992

These Regulations amend the National Savings Bank Regulations 1972 so as to raise from £5 to £10 the minimum ordinary deposit which may be made at a National Savings Bank office other than the principal office without the consent of the Director of Savings. The Regulations also raise the minimum investment deposit which may be made in similar circumstances from £5 to £20.

[1] 1971 c. 29, to which there are amendments not relevant to these Regulations. back

[2] S.I. 1972/764; regulations 20 and 28(5) were substituted by S.I. 1988/2144. back