INTEREST RATE REDUCTION ON THE COURTS FUND OFFICE SPECIAL AND BASIC ACCOUNTS: IMPORTANT NEWS FOR PERSONAL INJURY AND CLINICAL NEGLIGENCE PRACTITIONERS
The Courts Funds Office has reduced the rates of interest payable from the 19th September 2024.
In the announcement that can be found here the rates on the special account and basic account are decreased.
- Special Account – decreased from 5.25% to 5.00%
- Basic Account – decreased from 3.94% to 3.75%
This obviously has an impact on interest calculations in personal injury cases.