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LNB NEWS: MoJ announces interest rate increase to CFO accounts

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24 November 2022
Categories: Legal News , Procedure & practice
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The Ministry of Justice (MoJ) has announced an increase to the interest rates for Courts Funds Office (CFO) special and basic accounts. 

Lexis®Library update: The interest rate on special accounts has increased from 2.25% to 3.00% and the interest rate on basic accounts has increased from 1.688% to 2.25%. The increase was implemented on 18 November 2022 in response to the Bank of England’s base rate increase on 3 November 2022, and to ensure that the CFO Service can continue to meet operational costs.

Source: Increased interest rate on the Court Funds Office special and basic accounts

This content was first published by LNB News / Lexis®Library, a LexisNexis® company, on 23 November 2022 and is published with permission. Further information can be found at: www.lexisnexis.co.uk.

Categories: Legal News , Procedure & practice
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