S.I. No. 256/1987 -- Post Office Savings Bank (Interest on Deposits) (No. 3) Regulations, 1987.
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S.I. No. 256/1987: POST OFFICE SAVINGS BANK (INTEREST ON DEPOSITS) (No. 3) REGULATIONS, 1987. |
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POST OFFICE SAVINGS BANK (INTEREST ON DEPOSITS) (No. 3) REGULATIONS, 1987. |
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I, RAY MACSHARRY, Minister for Finance, in exercise of the powers conferred on me by section 9 (1) 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. 3) Regulations, 1987. |
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2. These Regulations shall come into operation on the 7th day of October, 1987. |
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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 6.25 per cent. per annum. |
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4. The Post Office Savings Bank (Interest on Deposits) (No. 2) Regulations, 1987 ( S.I. No. 194 of 1987 ), are hereby revoked. |
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GIVEN under my Official Seal, this 6th day of October, 1987. |
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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 6.25 per cent per annum the rate of interest payable on deposits in the Post Office Savings Bank as from 7th October, 1987. |
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