Bait holder with bait cutter

A bait holder comprising:

• a bait container having a lip;
• a lid having a lip to mate with the bait container lip, the lid further having a lid opening positioned to provide access to an inside of the bait container, wherein the lid includes a projection;
• and an insert rotatingly captured by the lid, the insert including an insert opening having a first position exposing the opening and a second position covering the opening to seal the container, the insert comprises a groove configured to mate with the projection and provide stops for movement of the insert with respect to the lid, and the insert opening having a leading edge configured to cut bait protruding from the container through the lid opening when the insert opening is rotated from the first position to the second position.