S.I. No. 120/1988 -- Post Office Savings Bank (Interest on Deposits) (No. 2) Regulations, 1988.
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S.I. No. 120/1988: POST OFFICE SAVINGS BANK (INTEREST ON DEPOSITS) (No. 2) REGULATIONS, 1988. |
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POST OFFICE SAVINGS BANK (INTEREST ON DEPOSITS) (No. 2) REGULATIONS, 1988. |
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I, RAY MACSHARRY, Minister for Finance, in exercise of the powers conferred on me by section 9 (l) of the Finance (No. 2) Act, 1968 (No. 37 of 1968), hereby make the following Regulations: |
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1. These Regulations may be cited as the Post Office Savings Bank (Interest on Deposits) (No. 2) Regulations, 1988. |
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2. These Regulations shall come into operation on the 21st day of June, 1988. |
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3. The rate of interest on a deposit within the meaning of section 14 (1) of the Finance Act, 1948 (No. 12 of 1948), is hereby prescribed as 4.25 per cent. per annum. |
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4. The Post Office Savings Bank (Interest on Deposits) Regulations, 1988 ( S.I. No. 85 of 1988 ), are hereby revoked. |
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GIVEN under my Official Seal, this 16th day of June, 1988. |
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RAY MACSHARRY, |
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Minister for Finance. |
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EXPLANATORY NOTE. |
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These regulations prescribe as 4.25 per cent. per annum the rate of interest payable on deposits in the Post Office Savings Bank as from 21st June, 1988. |
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