Deposits. Maximum credit account

(1) Deposits in the Savings Bank may only be made by residents of Belize and in accordance with the provisions of rule 17 of these Rules, provided that no such deposit shall be less than one dollar. (2) The total amount of money to be held on deposit in the Savings Bank to the credit of any account, whether such account be a joint account or otherwise, shall not, except with the express permission of the Minister exceed– (a) forty thousand dollars, in the case of an account falling within any of the classes referred to in paragraphs (a) to (g) and (j) of rule 17(1) of these Rules; and (b) sixty thousand dollars, in the case of an account falling within any of the classes referred to in paragraphs (h) and (i) of rule 17(1) of these Rules, provided however that in the case of an account of any Town Council, the Belize City Council, or other statutory body approved by the Minister, the Minister may accept and hold on deposit any sum.