{
  "url": "https://openlegislation.uk/court-funds-rules-1987/article-27",
  "json_url": "https://openlegislation.uk/court-funds-rules-1987/article-27.json",
  "legislation": "uksi/1987/821",
  "legislation_title": "The Court Funds Rules 1987",
  "legislation_url": "https://openlegislation.uk/court-funds-rules-1987",
  "path": "article/27",
  "kind": "article",
  "number": "27",
  "heading": "Interest on money placed to an interest bearing account",
  "text": "(1) The rate at which interest on money placed to a basic account or a special account is to accrue shall be as prescribed from time to time by a direction made by the Lord Chancellor with the concurrence of the Treasury.\n(2) Interest on money placed to a basic account or a special account shall accrue from day to day from the day on which the money is placed to the account until the day preceding its withdrawal from the account.\n(3) Accrued interest shall be credited:—\n(i) on the capital sum when it is withdrawn from the account; or\n(ii) on transfer of the capital sum from a basic account to a special account; and\n(iii) on 31st March and 30th September each year in respect of money placed to a basic account and on 31st May and 30th November each year in respect of money placed to a special account.\n(4) Accrued interest shall be credited without deduction of income tax.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1987/821/article/27",
    "retrieved_at": "2026-10-29T16:27:06.548503+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}