Interest Rate on Judgments
Administrator sets 2022 judgment interest rate
The North Dakota State Court Administrator has set the judgment interest rate for 2023 at 10 percent.
The administrator is required by law to annually determine the judgment interest rate prior to Dec. 20. The rate will be applied to all judgments entered in 2023.
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.
The prime rate on Dec. 5, 2022 was 7 percent. Therefore, the interest rate for judgments entered between January 1, 2023 and December 31, 2023 shall be 10%.
Interest Rates for Previous Years
| Year | Interest Rate |
|---|---|
| 2023 | 10% |
| 2022 | 6.5% |
| 2021 | 6.5% |
| 2020 | 8.0% |
| 2019 | 8.5% |
| 2018 | 7.5% |
| 2017 | 6.5% |
| 2016 | 6.5% |
| 2015 | 6.5% |
| 2014 | 6.5% |
| 2013 | 6.5% |
| 2012 | 6.5% |
| 2011 | 6.5% |
| 2010 | 6.5% |
| 2009 | 7.0% |
| 2008 | 10.5% |
| 2007 | 11.5% |
| 2006 | 10.0% |
| 2005 and Previous | 12% |