# The Insolvency Regulations (Northern Ireland) 1996, Regulation 24: Interest


Whenever the cash balance standing to the credit of a bankrupt in the Insolvency Account on or after 31st January 1997 exceeds £2,000, the Department shall pay into the Insolvency Account to the credit of the bankrupt interest on the excess at the rate of 3.5 per cent. per annum.

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Source: https://www.legislation.gov.uk/nisr/1996/574/regulation/24 (the official version)
Page: https://openlegislation.uk/insolvency-regulations-northern-ireland-1996/regulation-24
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.