Judgment Interest Rate Calcuator - Click Here
How Pre and Post Judgment Interest Rates Are Calculated as of 2010.
- Is there a contract that sets the interest rate? If not, go to #2
- Is there a statute other than AS 09.30.070 that sets the interest rate? 1
If not, go to #3 - When did the cause of action accrue? 2
a. Before August 7, 1997: Both the pre- and post- judgment interest rates are 10.5% 3
b. On or After August 7, 1997: Both pre- and post- judgment interest rates will be the interest rate for the year in which the judgment is entered. 4 For judgments entered in 2010, this rate is 3.50%.
Note: After the interest rate on a particular judgment is established, it does not later change, even though the interest rate changes. For example: The post-judgment interest rate on a judgment entered in 2001 is 9%. That rate will stay 9% until the judgment is paid. It is not affected by the fact that new judgments entered in 2010 will have a 3.50% interest rate.
1 Examples of other statutes that set interest rates:
- AS 25.27.025 - child support arrearages
- AS 06.05.473(h) - claims upon liquidation of a state bank
- AS 09.55.440(a) - compensation for property taken in eminent domain proceeding
- AS 13.16.475 - claims against decedent's estate
2 Accrue. In general, a cause of action "accrues" when a suit may be maintained thereon, that is, when sufficient events have occurred to support a valid lawsuit (for example, when injury or damage occurs or when a contract is breached).
3 See §§ 18 and 55 ch 26 SLA 1997 and Marine Solution Services v. Horton, 70 P.3d 393, 415 (Alaska 2003). The interest rate is 10.5% if the complaint was filed on or after July 1, 1980. If the complaint was filed before that date, a different rate applies.
4 This rate is defined in AS 09.30.070(a) as "three percentage points above the 12th Federal Reserve District discount rate in effect on January 2 of the year in which the judgment or decree is entered." (Note: The telephone number for the 12th Federal Reserve District in San Francisco is (415) 974-2000. For a recording about the discount rate, call (415) 974-2230. Discount rate information is also available at the following website: http://www.frbsf.org/banking/data/discount/index.html)
5 The discount rate in effect on January 2, 2010 was 0.50 percent. The rates for prior years were:
| Year | Federal Reserve Discount Rate on January 2 | Pre- and Post- Judgment Interest Rate for Judgments Entered That Year |
| 1997* | 5% | 8% |
| 1998 | 5% | 8% |
| 1999 | 4.5% | 7.5% |
| 2000 | 5% | 8% |
| 2001 | 6% | 9% |
| 2002 | 1.25% | 4.25% |
| 2003 | .75% | 3.75% |
| 2004 | 2% | 5% |
| 2005 | 3.25% | 6.25% |
| 2006 | 5.25% | 8.25% |
| 2007 | 6.25% | 9.25% |
| 2008 | 4.75% | 7.75% |
| 2009 | .5% | 3.5% |
* After the August 7, 1997 effective date of the current interest rate law (§§ 18 and 55 ch 26 SLA 1997).
ADM-505 (1/10)(cs) AS 09.30.070(a)
