Trustee Savings Banks Regulations, 1985.

These regulations set the interest rate for trustee savings bank special investment accounts at 12.90% per annum and revoke the 1984 regulations.

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Jurisdiction: Ireland
Instrument: Regulation
Version: Undated source snapshot
Language: en
Official source: View official record ↗

Citation provenance: source:global:stored-legal-sources · schema StatuteEnrichmentPublicV1.

interest rate regulatory amendment revocation

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Provisions of Trustee Savings Banks Regulations, 1985.

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Trustee Savings Banks Regulations, 1985.
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AI-assisted research summary: These regulations set the interest rate for trustee savings bank special investment accounts at 12.90% per annum and revoke the 1984 regulations.

S.I. No. 119/1985 - Trustee Savings Banks Regulations, 1985. S.I. No. 119 of 1985. TRUSTEE SAVINGS BANKS REGULATIONS, 1985. I, ALAN M. DUKES, 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 Regulations, 1985. 2. These Regulations shall come into operation on the 21st day of May, 1985. 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, 1984 ( S.I. No. 314 of 1984 ) be 12.90 per cent per annum. 4. The Trustee Savings Banks Regulations, 1984 ( S.I. No. 314 of 1984 ), are hereby revoked. GIVEN under my Official Seal, this 25th day of April, 1985. ALAN M. DUKES, Minister for Finance. EXPLANATORY NOTE. These regulations decrease to 12.90 per cent per annum as from 21st May, 1985 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.
Referenced legislation
- Trustee Savings Banks Regulations, 1984 ( S.I. No. 314 of 1984 ), (unresolved)
- Finance Act, 1968 , (No. 33 of 1968), (unresolved)

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Trustee Savings Banks Regulations, 1985.

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Provisions of Trustee Savings Banks Regulations, 1985.

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