MoJ announces reduction in CFO’s interest rates
The Ministry of Justice (MoJ) has announced a decrease to the interest rates for the Courts Funds Office's (CFO) special and basic accounts. The interest rate on special accounts has decreased from 4.75% to 4.50% and the interest rate on basic accounts has decreased from 3.56% to 3.38%. The decrease was implemented on 3 March 2025 in response to the Bank of England’s base rate decrease on 6 February 2025 and to ensure that the CFO Service can continue to meet operational costs.