Questions

Frequently Asked Questions


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Is it true you provide free access to courts?
Yes, we provide free access to the standard version of the post-judgment interest calculator to federal, state, and county courts throughout the U.S. Contact us using an official court email address and be prepared to provide proof you are representing the court in an official capacity.

Is the my annual subscription discounted for multiple years?
Yes, and by subscribing for more than one year you won't have to concern yourself with possible rate increases.

I am registered. Where do I login?
I registered for the "standard" version login at http://PostJudgmentInterest.com/restricted/. If registered for the "ultimate" version login at http://PostJudgmentInterest.com/secure/.

Will I be notified when my subscription is nearing expiration?
Yes, you will be notifed by email approximately 15 days prior to expiration but you can renew your service for an additonal year at any time. Accounts are not automatically renewed. You decide whether or not to renew the service.

How often are post-judgment interest rates updated?
Post-judgment interest rates are revised weekly, usually on a Tuesday, when federal rates are made available.

Does post-judgment interest begin to accumulate on the date the judgment is entered?
In most cases, yes. A couple of notable exceptions are Nevada where interest begins to accrue on the date of service of the summons, and Rhode Island where interest accrues from the time the cause of action occurred.

Do you monitor statutes and regulations to detect any changes made to methods of computation?
We do our best! One of the most recent examples was in Alabama where we followed the Bill lowering the interest rate to 7.5% when it was first introduced by the legislature. Should we miss an important change we are usually notified by a subscriber PDQ.

How safe are my online records in the "Ultimate" version?
All records are password protected and stored in an inaccessible subdirectory. Your records can only be accessed with your username and password.

What happens to my records if you experience a server failure?
That's highly unlikely on our system but all records are automatically backed-up for safety each night so they can be quickly restored.

Will PostJudgmentInterest.com provide a reciprocal link to my website?
Yes, we are always pleased to help promote our users and it's an entirely automated procedure. Please click here for details.

Where can I find "current" post-judgment interest rates?
You will find a widget for displaying current interest rates, and can even place it on your own website, by clicking here.

Can you provide a reference for the various methods of calculation?
Sure...


Jurisdiction
Current
Rate
Simple or
Compound
Static or
Changing

Method
U.S.
Federal Variable Compound Static The interest rate for federal judgments is based on the average prices for U.S. Government 1-year Treasury Constant Maturities. (28 U.S.C. 1961(a))
Alabama 7.5% Simple Static 12% on judgments awarded before 09/01/2011. (AL Code 8-8-10)
Alaska Variable Simple Static 3% above the 12th Federal Reserve District discount rate in effect on January 2 of the year in which the judgment is entered. (AK Statutes 09.30.070(a))
Arizona Variable Simple Static 1% over the Federal Reserve prime rate not to exceed 10%. 10% on judgments awarded before 07/20/2011. (AZ Statutes 44.1201)
Arkansas 10% Simple Static (AR Code 16-65-114)
California 10% Simple Static When judgment is renewed accumulated interest and principal are combined and interest then accrues on the total. (CA Civ. Proc. 685.010)
Colorado 8% Compound Static (CO Statutes 5-12-102)
Connecticut 10% Simple Static (CT Statutes 37-3a)
Delaware Variable Simple Static 5% over the Federal Reserve discount rate (DWPC). (DE Code Title 6, 2301)
District of Columbia Variable Simple Static 70% of the rate of interest set by the Secretary of the Treasury pursuant to section 6621 of the Internal Revenue Code of 1986 for underpayments of tax to the Internal Revenue Service, rounded to the nearest full percent, or if exactly 1/2 of 1%, increased to the next highest full percent. (DC Code 28-3302)
Florida Variable Simple Changing On December 1, March 1, June 1, and September 1 of each year, the Chief Financial Officer shall set the rate of interest that shall be payable on judgments or decrees for the calendar quarter beginning January 1, April 1, July 1, and October 1 by averaging the discount rate of the Federal Reserve Bank of New York for the preceding 12 months, then adding 400 basis points to the averaged federal discount rate. (FL Statutes 55.03)
Georgia Variable Simple Static 3% over the Federal Reserve prime rate (PRIME). (GA Code 7-4-12)
Hawaii 10% Simple Static (HI Statutes 478-3)
Idaho Variable Simple Static The rate of interest shall be 5% plus the base rate in effect at the time of entry of judgment. The base rate is determined each year by the Idaho state treasurer on July 1 of each year and is effective for the succeeding 12 months. The base rate is the weekly average yield on U.S. Treasury Securities as adjusted to a constant maturity of 1 year and rounded up to the nearest 1/8%. (ID Code 28-22-104)
Illinois 9% Simple Static (735 IL Code of Civil Procedures 5/2-1303)
Indiana 8% Simple Static (IN Code 24-4.6-1-101)
Iowa Variable Simple Static Rate of interest shall be equal to the treasury constant maturity index published by the Federal Reserve immediately prior to the date of judgement plus 2%. (IA Code 668.13)
Kansas Variable Simple Static 4% above the discount rate as of July 1 preceding the date the judgment was rendered. (KS Statutes 16-204)
Kentucky 12% Compound Static (KY Statutes 360.040)
Louisiana Variable Simple Changing The rate of interest shall be calculated on the October 1 of each year and shall set at 3.25% above the discount rate. (LA Statutes 13:4202)
Maine Variable Simple Static One-year U.S. Treasury Bill rate plus 6% for the last full week of the previous calendar year. (ME Statutes 1602-C)
Maryland 10% Simple Static (MD Courts and Judicial Proceedings Section 11-107)
Massachusetts 12% Simple Static (MA General Laws Chapter 235, 8 & 231, 6)
Michigan Variable Compound Changing Interest is calculated at 6-month intervals from the date of filing the complaint at a rate of interest equal to 1% plus the average interest rate paid at auctions of 5-year United States treasury notes during the 6 months immediately preceding July 1 and January 1, as certified by the state treasurer, and compounded annually. Interest accrues from the filing of the complaint until satisfied. (MI Code 600.6013)
Minnesota Variable Simple Changing The interest rate is computed based on the secondary market yield of one-year U.S. Treasury Bills, calculated on a bank discount basis.The yield is rounded to the nearest 1%, or 4%, whichever is greater, and shall be the annual interest rate during the succeeding calendar year. Judgments exceeding $50,000 entered on or after August 1, 2009, the interest rate shall be 10% per year. (MN Statutes 549.09)
Mississippi 8% Simple Static (MS Code 75-17-1)
Missouri 9% Simple Static (MO Statutes 408-040)
Montana 10% Simple Static (MT Code 25-9-205)
Nebraska Variable Simple Static 2% above the bond investment yield of the average accepted auction price for the first auction of each annual quarter of the 26-week U.S. Treasury Bills in effect on the date of entry of judgment. (NE Statutes 45-103)
Nevada Variable Simple Changing The rate of interest shall be a rate equal to the prime rate at the largest bank in Nevada as ascertained by the commissioner of financial institutions on January 1 or July 1, as the case may be, immediately preceding the date of judgment, plus 2%. The rate will be adjusted each January 1 and July 1 thereafter until the judgment is satisfied. Interest begins on the date of service of the summons. (NV Statutes 17.130)
New Hampshire Variable Simple Changing The rate of interest shall be determined by the state treasurer, on December 1 of each year, as the prevailing discount rate of interest on 26-week U.S. Treasury Bills at the last auction thereof preceding the last day of September in each year, plus 2%, rounded to the nearest tenth of a percentage point. The rate shall take effect beginning the 1 of January through the last day of December in each year. (NH Statutes 336:1)
New Jersey Variable Simple Changing Judgments not exceeding the monetary limit of the Special Civil Part, $15,000, at the time of entry, the interest rate shall equal the average rate of return, to the nearest whole or one-half percent, for the corresponding preceding fiscal year terminating on June 30, of the State of New Jersey Cash Management Fund as reported by the Division of Investment in the Department of the Treasury. Judgments exceeding the monetary limit of the Special Civil Part, $15,000, at the time of entry will bear the same rate of interest described above, until September 1, 1996, thereafter at the rate described above plus 2%. (NJ Statutes 4:42-11)
New Mexico 8.75% Simple Static (NM Statutes 56-8-4)
New York 9% Simple Static (NY Civil Practice Rules Article 5004)
North Carolina 8% Simple Static (NC Statutes 24-1)
North Dakota Variable Simple Static The judgment interest rate is calculated by using the prime rate as reported on the first Monday in December, plus three percentage points. The result must be rounded up to the next one-half percentage point. (ND Code 28-20-34)
Ohio Variable Simple Static On the fifteenth day of October of each year, the tax commissioner shall determine the federal short-term rate. For purposes of any section of the Revised Code requiring interest to be computed at the rate per annum required by this section, the rate determined by the commissioner under this section, rounded to the nearest whole number per cent, plus three per cent, shall be the interest rate per annum used in making the computation for interest that accrues during the following calendar year. 5% maximum interest. (OH Code 5703.47)
Oklahoma Variable Compound Changing For purposes of computing either postjudgment interest or prejudgment interest as authorized by this section, interest shall be the prime rate, as listed in the first edition of the Wall Street Journal published for each calendar year and as certified to the Administrative Director of the Courts by the State Treasurer on the first regular business day following publication in January of each year, plus two percent. (OK Statutes 12-727.1(i))
Oregon 9% Simple Static (OR Statutes 82.010)
Pennsylvania 6% Simple Static (PA Statutes 8101)
Rhode Island 12% Simple Static Interest accrues from the time the cause of action occurred. (RI General Laws 9-21-10)
South Carolina Variable Compound Changing Judgment rate is equal to the prime rate as listed in the first edition of the Wall Street Journal published for each calendar year for which the damages are awarded, plus four percentage points, compounded annually. (SC Code 34-31-20(B))
South Dakota 10% Simple Static (SD Codified Laws 54-3-5.1)
Tennessee Variable Simple Static Judgment rate shall be equal to two percent (2%) less than the formula rate per annum published by the commissioner of financial institutions, as required by TN Code 47-14-105. (TN Code 47-14-121(a))
Texas Variable Compound Static The rate established on the 15th of every month by the consumer credit commissioner shall be applied to the succeeding month. The rate is calculated as follows: the prime rate as published by the Federal Reserve Bank of New York on the date of computation. Or, 5% if the prime rate as published by the Federal Reserve Bank of New York is less than five percent, or 15% if the prime rate as published by the Federal Reserve Bank of New York is more than 15%. (TX Finance Code 304.003)
Utah Variable Simple Static Federal post judgment interest rate (28 U.S.C. 1961) as of January 1 of each year plus 2%. (UT Code 15-1-4)
Vermont 12% Simple Static (VT Statutes Title 12, 2903)
Virginia 6% Simple Static (VA Code 6.1-330.54)
Washington 12% Simple Static Any rate of interest shall be legal so long as the rate of interest does not exceed the higher of: (a) Twelve percent per annum; or (b) four percentage points above the equivalent coupon issue yield (as published by the Board of Governors of the Federal Reserve System) of the average bill rate for twenty-six week treasury bills as determined at the first bill market auction conducted during the calendar month immediately preceding. (WA Code 4.56.110)
West Virginia Variable Simple Static 3% above the Fifth Federal Reserve District secondary discount rate in effect on the second day of January of the year in which the judgment or decree is entered: Provided, That the rate of prejudgment and post-judgment interest shall not exceed eleven percent per annum or be less than seven percent per annum. (WV Code 56-6-31)
Wisconsin Variable Simple Static 1% plus the prime rate in effect on January 1 of the year in which the judgment is entered if the judgment is entered on or before June 30 of that year or in effect on July 1 of the year in which the judgment is entered if the judgment is entered after June 30 of that year, as reported by the federal reserve board in federal reserve statistical release H.15, on the amount recovered from the date of the entry of the judgment until it is paid. The interest rate on judgments awarded prior to 12/02/2011 was 12%. (WI Statutes 815.05(8))
Wyoming 10% Simple Static (WY Statutes 116102.4.0)
Virgin Islands 4% Simple Static (VI Code Title 5, Subtitle 1, Part 4, Chapter 41, 426)
CANADA
Alberta Variable Simple Changing Rate fixed by Lieutenant Governor in Council by regulation before beginning of year.
British Columbia Variable Simple Changing Rate equal to the prime lending rate is fixed by the Registrar bi-annually (1/1 and 7/1).
Manitoba Variable Simple Static Bank rate at end of first day of quarter, for the quarter in which the order is pronounced.
New Brunswick 7% Simple Static  
New Foundland Variable Simple Changing Interest rate is established annually by taking the Average Bank of Canada rate for the period of Oct. and Nov. of each year, rounded to the next higher whole number where the average Bank of Canada rate includes a fraction, minus 1% but shall not be less than 2%.
Northwest Territories Variable Simple Changing By Order of the Commissioner, the rate will be the prime business rate at 1/1 for the first six months of the year and 7/1 for the last six months of the year.
Nova Scotia 5% Simple Static  
Nunavut Variable Simple Changing By Order of the Commissioner, the rate will be the prime business rate at 1/1 for the first six months of the year and 7/1 for the last six months of the year.
Ontario Variable Simple Static Bank rate at end of first day of the last month of the quarter preceding the quarter in which the date of the order falls, rounded to the next higher whole number where the rate includes a fraction plus 1%.
Prince Edward Island Variable Simple Static Rate established by the Bank of Canada as the minimum rate the Bank of Canada makes short-term advances to banks at the end of the first day of the last month of the quarter in which the date of the order falls, rounded to next highest whole number where the bank includes a fraction plus 1% and published quarterly.
Quebec Variable Simple Static Rate published quarterly by Minister of Revenue.
Saskatchewan 5% Simple Static  
Yukon Variable Simple Changing Prime rate (lower rate of interest quoted by chartered banks to borrowers for prime business loans, as published by Bank of Canada in Bank of Canada Review) for the first six months of the year calculated at prime rate as of 1/1 and for the last six months of the year calculated at prime rate as of 7/1.
"Static" interest rates remain constant throughout the life of the judgment. "Changing" interest rates change throughout the life of the judgment. The rates above reflect post-judgment interest rates for non-tort judgments.

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