National Savings Monthly Income Account interest updated: 7.6% for deposits to 31 Mar 2020; 6.6% from 1 Apr 2020. Substitutes paragraph 5(1) of the principal Scheme to set two interest rates by deposit date: deposits from 12 December 2019 to 31 March 2020 (inclusive) bear interest at 7.6% per annum; deposits on or after 1 April 2020 bear interest at 6.6% per annum. The Amendment Scheme is deemed to have come into force on 1 April 2020 under the enabling statutory power.
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Provisions expressly mentioned in the judgment/order text.
National Savings Monthly Income Account interest updated: 7.6% for deposits to 31 Mar 2020; 6.6% from 1 Apr 2020.
Substitutes paragraph 5(1) of the principal Scheme to set two interest rates by deposit date: deposits from 12 December 2019 to 31 March 2020 (inclusive) bear interest at 7.6% per annum; deposits on or after 1 April 2020 bear interest at 6.6% per annum. The Amendment Scheme is deemed to have come into force on 1 April 2020 under the enabling statutory power.
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