(1) Section 1 (which specifies the investments which trustees may invest in) of the Trustee Act, 1893 (as amended by the Trustee (Authorised Investments) Act, 1958) is hereby amended by the insertion of the following paragraph after paragraph (i):

"(ii) subject to section 137(2) of the Central Bank Act, 1989, in an interest bearing deposit account with the Central Bank of Ireland;".

(2) The provision in section 1 of the Trustee Act, 1893, which authorises a trustee to invest in an interest bearing deposit account with the Bank shall not be construed as imposing an obligation on the Bank to accept trust funds for deposit with it.