Alaska Prejudgment Interest Rate
United States Alaska prejudgment interest — a formula rate, reset twice a year.
Set by statute Formula rate
Alaska prejudgment interest is currently 6.75% per year — a statutory formula rate under AS 09.30.070 that resets twice a year. Prejudgment interest is a general remedy in Alaska and is NOT limited to liquidated or contract claims — it is recoverable on tort and unliquidated damages as compensation for loss of use…
When Alaska prejudgment interest applies
Prejudgment interest is a general remedy in Alaska and is NOT limited to liquidated or contract claims — it is recoverable on tort and unliquidated damages as compensation for loss of use of money. However, by statute AS 09.30.070(c), prejudgment interest may NOT be awarded on: (1) future economic damages, (2) future noneconomic damages, or (3) punitive damages. Where a written contract specifies an interest rate, that contract rate controls instead of the statutory rate.
When it starts accruing
Accrues from the earlier of (a) the day process is served on the defendant, or (b) the day the defendant received written notification that an injury occurred and that a claim may be brought — the notice being of a nature that would lead a prudent person to believe a claim will be made — unless the parties have agreed…
Simple or compound
Simple.
How the rate is set
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 (AS 09.30.070(a)). Discount rate published by the Federal Reserve at https://www.frbdiscountwindow.org/pages/discount-rates.
→ Compare with the Alaska post-judgment interest rate (interest after judgment)
Prejudgment interest under AS 09.30.070 — 6.75% (simple interest). This is PREjudgment interest (accruing before entry of judgment) and is separate from Alaska’s post-judgment rate; availability is limited by claim type (see the page). Current formula value as of 2026-01-02; verify at public.courts.alaska.gov. Not legal advice.
Effective-date history
| Effective date | Rate | Basis |
|---|---|---|
| January 2, 2026 | 6.75% | Statute |
Source & provenance
Latest value retrieved July 10, 2026 (02:55 UTC) from the official source:
https://public.courts.alaska.gov/web/forms/docs/adm-505.pdf