## What is the current Florida statutory interest rate?

Table of Contents

4.25% .0116438%

Current Judgment Interest Rates

Effective Date | Rate Per Annum | Daily Rate as a Percentage |
---|---|---|

April 1, 2022 | 4.25% | .0116438% |

January 1, 2022 | 4.25% | .0116438% |

October 1, 2021 | 4.25% | .0116438% |

July 1, 2021 | 4.25% | .0116438% |

## What is the statutory interest rate?

10% per year

Const., art. XV, § 1.) Interest accrues on an unpaid judgment amount at the legal rate of 10% per year (7% if the judgment debtor is a state or local government entity) generally from the date of entry of the judgment.

**How is post judgment interest calculated in Florida?**

If we take $10,000.00 and multiply by . 0497 (4.97%) divided by 365 days, it will determine the daily interest amount in 2017, which is $1.361/day. Alternatively, take the “daily rate as a decimal” and multiply by $10,000.00.

### What is current post judgment interest rate?

The post-judgment interest rate for judgments entered from May 16, 2022 through May 22, 2022 is: 2.00%.

### How do you calculate legal interest rate?

HOW TO CALCULATE POST JUDGMENT INTEREST

- Take your judgment amount and multiply it by your post judgment rate (%).
- Take the total and divide it by 365 (the number of days in a year).
- You will end up with the amount of post judgment interest per day.

**When can I claim statutory interest?**

Statutory interest: the law allows business creditors to charge interest for late payments. If there’s a contractual interest rate, you can only claim statutory interest if the contract, or your Invoices and other commercial documentation, expressly reserves the position regarding statutory interest.

## Who is in charge of the Florida Department of Financial Services?

Chief Financial Officer Jimmy Patronis

Chief Financial Officer Jimmy Patronis, a statewide official, oversees the Department of Financial Services and serves as the State Fire Marshal.