S.I. No. 205/1986 - Trustee Savings Banks (No. 2) Regulations, 1986.

S.I. No. 205 of 1986.


I JOHN BRUTON, Minister for Finance, in exercise of the powers conferred on me by section 41 of the Finance Act, 1968 (No. 33 of 1968). hereby make the following Regulations:

1. These Regulations may be cited as the Trustee Savings Banks (No. 2) Regulations, 1986.

2. These Regulations shall come into operation on the 4th day of July, 1986.

3. The rate of interest allowed on moneys standing to the credit of every separate investment account of a trustee savings bank in the name of the Minister for Finance in the Post Office Savings Bank shall, in lieu of the rate specified in the Trustee Savings Banks Regulations. 1986 ( S.I. No. 18 of 1986 ), be 10.90 per cent. per annum.

4. The Trustee Savings Banks Regulations, 1986 ( S.I. No. 18 of 1986 ), are hereby revoked.

GIVEN under my Official Seal. this 3rd day of June, 1986.


Minister for Finance.


These regulations decrease to 10.90 per cent. per annum as from 4th July, 1986 the rate of interest payable by the Minister for Finance on moneys deposited with him by the trustee savings banks in every separate special investment account.