6 December 2024
Updated 13 December 2024
© Crown copyright 2024
This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. To view this licence, visit nationalarchives.gov.uk/doc/open-government-licence/version/3 or write to the Information Policy Team, The National Archives, Kew, London TW9 4DU, or email: psi@nationalarchives.gov.uk.
Where we have identified any third party copyright information you will need to obtain permission from the copyright holders concerned.
This publication is available at https://www.gov.uk/government/publications/interest-rate-changes-on-the-court-funds-office-special-and-basic-accounts/19-september-2024
In response to the decrease in the Bank of England base rate on 7 November 2024, the Court Funds Office (CFO) rates of interest payable to clients have been reviewed and from 6 December 2024 these will change to the following:
- Special Account – decreased from 5% to 4.75%
- Basic Account – decreased from 3.75% to 3.56%
The decision was made to ensure that the running costs of the CFO service can continue to be met whilst still providing an affordable rate of interest payable to clients.
If you wish to discuss further, please contact the CFO on 0300 0200 199 or email enquiries@cfo.gov.uk.