The National Savings Bank (Investment Deposits) (Limits) (Amendment) Order 1996
This Order further amends the National Savings Bank (Investment Deposits) (Limits) (Order) 1977, to limit the aggregate amount of investment deposits which may be made in the name of any organisation for the credit of a treasurer’s account to £2,000,000. A treasurer’s account is a new type of investment deposit account being introduced on 4th September 1996 by the National Savings Bank (Amendment No. 2) Regulations 1996. The existing limit of £100,000 will continue to apply to investment deposits which are made otherwise than to a treasurer’s account.