S.I. No. 584/2004 - Post Office Savings Bank (Interest on Deposits) Regulations, 2004 (2004_si_584) | IE

ISB SI

Reg. 1 S.I. No. 584/2004 - Post Office Savings Bank (Interest on Deposits) Regulations, 2004 Open official source

1. These Regulations may be cited as the Post Office Savings Bank (Interest on Deposits) Regulations, 2004.

ISB SI

Reg. 2 S.I. No. 584/2004 - Post Office Savings Bank (Interest on Deposits) Regulations, 2004 Open official source

2. (1) This Regulation shall be deemed to have had effect from the 1st day of January, 2002 to the 20th day of July, 2003.

(2) Rates of interest on deposits within the meaning of section 14(1) of

the Finance Act, 1948

are hereby prescribed as follows

(a) where any such deposit is less than €6,000, the rate of interest shall be 0.25 per cent per annum; and

(b) where any such deposit is €6,000 or more, the rate of interest shall be 0.50 per cent per annum.

ISB SI

Reg. 3 S.I. No. 584/2004 - Post Office Savings Bank (Interest on Deposits) Regulations, 2004 Open official source

3. (1) This Regulation shall be deemed to have effect from the 21st day of July, 2003.

(2) Rates of interest on deposits within the meaning of section 14(1) of

the Finance Act, 1948

are hereby prescribed as follows

(a) where any such deposit is less than €6,000, the rate of interest shall be 0.10 per cent per annum; and

(b) where any such deposit is €6,000 or more, the rate of interest shall be 0.25 per cent per annum.

ISB SI

Reg. 4 S.I. No. 584/2004 - Post Office Savings Bank (Interest on Deposits) Regulations, 2004 Open official source

4. The Post Office Savings Bank (Interest on Deposits) Regulations, 1999 (

S.I. No. 446 of 1999

) are hereby revoked with effect from 1 January, 2002.

GIVEN

under the Seal of the National Treasury Management Agency, this 30th day of September, 2004.

Michael J. Somers

________________________

Michael J. Somers

Chief Executive

Explanatory Note

(This note is not part of the Instrument and does not purport to be a legal interpretation.)

The purpose of these Regulations is to prescribe rates of interest for deposits in the Post Office Savings Bank.

ISB SI

Preamble S.I. No. 584/2004 - Post Office Savings Bank (Interest on Deposits) Regulations, 2004 Open official source

National Treasury Management Agency

STATUTORY INSTRUMENTS

S.I. No. 584 of 2004

POST OFFICE SAVINGS BANK (INTEREST ON DEPOSITS) REGULATIONS, 2004

S.I. No. 584 of 2004

Post Office Savings Bank (Interest on Deposits) Regulations, 2004

The National Treasury Management Agency, in exercise of its powers under

the National Treasury Management Agency Act, 1990

(No. 18 of 1990) and

the National Treasury Management Agency Act, 1990

(Delegation of and Declaration as to Functions) Order, 1990 (

S.I. No. 277 of 1990

), hereby makes the following Regulations

S.I. No. 584/2004 - Post Office Savings Bank (Interest on Deposits) Regulations, 2004

Statutory Text (5 Articles)

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