Interest rate increases to Court Funds Office special and basic accounts

Interest rate increases to Court Funds Office special and basic accounts

Increase of interest rates for Court Funds Office special and basic accounts from 23 August 2023.

In response to the increase in the Bank of England base rate on 3 August 2023, the Lord Chancellor has reviewed the Court Funds Office (CFO) rates of interest payable to clients and has directed that from 23 August 2023 these will change to the following:

  • Special account – increases from 4.50% to 6.00%
  • Basic account – increases from 3.375% to 5.00%

The Lord Chancellor has made this decision to ensure that the running costs of the CFO service can continue to be met and that an increased rate of interest payable to clients can be provided.

AdvertisementAdvertisementAdvertisementAdvertisementAdvertisementAdvertisement
Latest News

Delay in Final Report of the Infected Blood Inquiry

Thu Sep 21 2023

Attorney General presents UK intervention in Ukraine case against Russia at International Court of Justice

Thu Sep 21 2023

Firms losing potential clients by failing to return their calls, research shows

Thu Sep 21 2023

Powers of attorney modernised as legislation allows CILEX Lawyers to certify LPA copies for the first time

Thu Sep 21 2023

Stark contrast between Government response to Post Office Horizon victims and Infected Blood

Wed Sep 20 2023

ACSO comments on the Justice select Committee report:

Wed Sep 20 2023

Campaigners win permission to appeal against Sizewell C Nuclear Power Station ruling

Tue Sep 19 2023

Pre-inquest review into the deaths of Reading murder victims, James Furlong, Dr David Wails and Joseph Ritchie-Bennett

Mon Sep 18 2023

Feedback launches legal challenge to decision not to require food waste reporting

Fri Sep 15 2023
FeaturedBrowne Jacobson collaborates with LGiU on report highlighting “critical” role of local government to hit net zero
Browne Jacobson collaborates with LGiU on report highlighting “critical” role of local government to hit net zero
SJ interview: Adrian Chopin
SJ interview: Adrian Chopin
BSB publishes new guidance on barristers’ conduct in non-professional life and on social mediaThe Chancery Lane Project expands to the USA
The Chancery Lane Project expands to the USA
SJ Interview: Chris Benson
SJ Interview: Chris Benson
Whose human rights are more important, yours or mine?
Whose human rights are more important, yours or mine?