(a) Superior Court. Income on deposited funds shall be ascertained as of June 30th and December 31 of each year. In calculating income there shall be deducted from the gross revenue the expenses incident to the audit and management of the funds and such further amount as the Chief Justice shall find proper to be set up as a reserve to meet losses, in order safely to protect the principal of the funds. The rate of interest to be paid on deposits shall be fixed by the Chief Justice and shall be credited monthly and at the time of withdrawal. Interest shall be credited in the manner prescribed by the Chief Justice with the advice of the Investment Advisory Committee.
Rule 4:57-4.Income and interest on deposits
Last amended September 10, 1984 · Current through June 18, 2026 · Last verified July 7, 2026
In one sentenceRule 4:57-4 has the Chief Justice fix the interest rate paid on Superior Court trust deposits, credited monthly and at withdrawal, while the Assignment Judge sets the rate and manner for county-held deposits.
Full Text of Rule 4:57-4
(b) Accounts in the Counties. Interest on deposits shall be paid out of interest earned in such manner and at such rate as the Assignment Judge shall determine.
Amendment History
New Jersey publishes each rule’s amendment record in a “History” note beneath the rule. It is reproduced verbatim below; the “R.R.” citations refer to the former Revised Rules numbering the current rules replaced.
Source-R.R. 4:72-5. Paragraph (b) caption amended December 26, 1979 to be effective January 1, 1980; paragraph (a); amended July 26, 1984 to be effective September 10, 1984.
Plain-English Summary
Money sitting in trust with the court earns something back. For Superior Court deposits, income is calculated twice a year, as of June 30 and December 31, after deducting the costs of auditing and managing the funds and whatever reserve the Chief Justice sets aside against losses; the interest rate itself is fixed by the Chief Justice and credited monthly and again at withdrawal.
Deposits held in the counties follow the Assignment Judge's own call on both the rate and how interest gets paid out.
Frequently Asked Questions
Who sets the interest rate on money deposited with the Superior Court?
The Chief Justice, with the advice of the Investment Advisory Committee.
Who sets the interest rate on money deposited in the counties?
The Assignment Judge for that vicinage.
Source & verification. The rule text and amendment history are reproduced verbatim from the
official New Jersey Rules of Court (N.J. Ct. R. 4:57-4). Prescribed by the Supreme Court of New Jersey (N.J. Const. art. VI, § 2, ¶ 3). The plain-English summary is original and written by us. Last verified July 7, 2026. ·
Official source
Also known as: interest on court deposits