As of January, 2008 the interest rate for both pre- and post-judgments was 7.75%
The interest rate for judgments is determined annually in January.
The following table represents the pre- and post-judgment interest rates for past years to August 7th 1997.
|
Year |
Pre- and Post-Judgment Interest Rate |
| 2007 | 9.25% |
| 2006 | 8.25% |
| 2005 | 6.25% |
| 2004 | 5.00% |
| 2003 | 3.73% |
| 2002 | 4.25% |
| 2001 | 9.00% |
| 2000 | 8.00% |
| 1999 | 7.50% |
| 1998 | 8.00% |
| 1997 | 8.00% |
| Pre- August 7 1997 | 10.50% |
Other Notes of Interest:
- Once an interest rate is established, it is locked in until the judgment is paid. (i.e. a judgment entered in 2007 at 9.25% remains at that interest rate into 2008 even though the interest rate for this year's judgments has fallen to 7.75%)
- AS 09.30.070(a) defines the interest rate 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".
- The interest rate for judgments where the cause of action accrued before August 7, 1997 is 10.5%. for all dates on or following August 7, 1997, follow the rates as determined by AS 09.30.070(a).
For additional information you may wish to visit the Alaska Court's webpage on judgment interest rates:
http://www.state.ak.us/courts/int.htm
