3 Ordinary and investment deposits.U.K.
(1)A deposit with the National Savings Bank may be made either as an ordinary deposit or as an investment deposit.
(2)Regulations under section 2 of this Act may make different provision with respect to ordinary deposits and with respect to investment deposits [F1and with respect to investment deposits of different descriptions], and may prevent the making of an investment deposit [F2or an investment deposit of a particular description] unless the person who will be the depositor in respect thereof is also a depositor in respect of ordinary deposits and the sum due to him in respect of those deposits is not less than such amount as may be specified in the regulations.
Textual Amendments
F1Words inserted by Finance Act 1982 (c. 39, SIF 63:1), Sch. 20 para. 2(a)
F2Words inserted by Finance Act 1982 (c. 39, SIF 63:1), Sch. 20 para. 2(b)