Requirements

DEPARTMENT OF FINANCIAL SERVICES
Divsion of Accounting and Auditing

STATUTORY INTEREST RATE

RULE NO: RULE TITLE
69I-25.003: Requirements

STATUTORY INTEREST RATES PURSUANT TO SECTION 55.03, FLORIDA STATUTES INTEREST RATE FOR YEAR 2008

Section 55.03(1), Florida Statutes, requires the Chief Financial Officer, on December 1 of each year beginning in 1994, to set the rate of interest that shall be payable on judgments and decrees for the year beginning the following January 1.

Effective January 1, 2008, the interest rate established pursuant to Section 55.03, Florida Statutes, has been set at 11.0% per annum or .0003014 per day.

PRIOR YEAR RATES

                                YEAR                                                             PER ANNUM                               DAILY RATE

 

                                2007                                                                    11%                                                .0003014

                                2006                                                                      9%                                                .0002466

                                2005                                                                      7%                                                .0001918

                                2004                                                                      7%                                                .0001918

                                2003                                                                      6%                                                .0001644

                                2002                                                                      9%                                                .0002466

                                2001                                                                    11%                                                .0003014

                                2000                                                                    10%                                                .0002740

                                1999                                                                    10%                                                .0002740

                                1998                                                                    10%                                                .0002740

                                1997                                                                    10%                                                .0002740

                                1996                                                                    10%                                                .0002740

                                1995                                                                      8%                                                .0002192

                                10/01/81 thru 12/31/94                                     12%                                               .0003333

For additional information contact the Bureau of Accounting at (850)413-55111, Suncom 293-5511. The above information can be found on the Department of Financial Services’ Website at www.myfloridacfo.com/aadir/interest.htm.