Choose the interest type (Special Account Rate, simple interest, or Bank of England base rate), enter the principal amount and date range, and click Calculate. The calculator will apply the correct rates for the period. The CFO Basic Account tab (alpha — comped accounts only for now) models a fund held in court: interest accrues daily and is credited to the account on the last Friday in March and September (Court Funds Rules 2011, r.13), so credited interest compounds; an optional Part 36 acceptance date stops accrual under r.13(3).
Special Account Rate Interest
Calculate interest accruing at the SAR rate for past losses in personal injury cases.
Total Interest
£0.00
Period
Show working
Daily accrual from end date onwards: per day
Accrued rate over the whole period:
— paste into Excel and drive a =damages*rate formula to refresh interest if damages change.
Interest Breakdown by Period
From Date
To Date
Rate
Days
Interest (£)
Enter dates to calculate
Simple Interest (General Damages)
Simple interest at a fixed rate per annum. Defaults to 2% (the conventional rate for general damages from service of proceedings to trial).
Interest Amount
£0.00
Period
Show working
Daily accrual from end date onwards: per day
Accrued rate over the whole period:
— paste into Excel and drive a =damages*rate formula to refresh interest if damages change.
Bank of England Base Rate Interest
Calculate interest using Bank of England base rate history.
Total Interest
£0.00
Period
Show working
Daily accrual from end date onwards: per day
Accrued rate over the whole period:
— paste into Excel and drive a =damages*rate formula to refresh interest if damages change.
Interest Breakdown by Period
From Date
To Date
Rate
Days
Interest (£)
Enter dates to calculate
Court Funds Office Basic Account
ALPHA
Interest a fund held in the CFO basic account would have earned (e.g. funds in court). Accrues daily and is credited to the account on the last Friday in March and September (Court Funds Rules 2011, r.13), so credited interest itself earns interest. Published rate data covers 29 April 2022 onwards.
Interest ceases from acceptance of a Part 36 offer (r.13(3)).
Total Interest
£0.00
Closing Balance
£0.00
Period
Show working
Daily accrual from end date onwards (on the closing balance): per day
Accrued rate over the whole period:
— paste into Excel and drive a =fund*rate formula to refresh interest if the fund changes.
Accrual & Crediting Breakdown
From
To
Rate
Days
Balance (£)
Interest (£)
Enter dates to calculate
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