Florida prejudgment interest rate
United States Florida prejudgment interest — a formula rate, reset each quarter.
→ All Florida judgment & prejudgment interest rates
Statutory formula / table Formula rate
2026 Florida prejudgment interest at a glance
- Current rate
- 7.87% per year
- Effective date
- October 1, 2026
- Controlling authority
- Fla. Stat. § 55.03
- Rate basis
- Statutory formula / table
- Source checked
- October 8, 2026
- Recorded history
- 79 data points
Florida’s prejudgment reference uses the monitored quarterly rate schedule under Fla. Stat. § 55.03; the current value and effective date are shown above. Prejudgment interest is available ONLY on LIQUIDATED / readily ascertainable damages representing an actual out-of-pocket pecuniary loss fixed as of a date certain (Argonaut "loss theory").
When Florida prejudgment interest applies
Prejudgment interest is available ONLY on LIQUIDATED / readily ascertainable damages representing an actual out-of-pocket pecuniary loss fixed as of a date certain (Argonaut "loss theory"). Neither the merit of the defense nor the disputed certainty of the amount defeats entitlement once the verdict liquidates the loss as of a prior date — computation is then a purely ministerial/mathematical duty.
When it starts accruing
Accrues from the date the plaintiff suffered the pecuniary loss (date of loss). For breach of contract, typically the date payment/performance was due; for qualifying economic tort/out-of-pocket losses, the date the actual loss was incurred. Runs through the date of judgment.
Simple or compound
Simple. Florida does not compound prejudgment interest; once computed it is added to principal and the total then bears post-judgment interest (avoiding "interest on interest").
How the rate is set
Prejudgment interest accrues at the § 55.03 statutory rate in effect during each period from the date of loss to the date of judgment. § 55.03 rate = 12-month average of the Federal Reserve Bank of New York discount rate + 400 basis points, reset quarterly (Dec 1 / Mar 1 / Jun 1 / Sep 1) by the CFO.
→ Compare with the Florida post-judgment interest rate (interest after judgment)
Official Florida CFO rate for the period beginning 2026-10-01. Qualifying prejudgment interest can use this §55.03 schedule, but entitlement, loss date, offsets, and the legally relevant periods are claim-specific. Verify the controlling law and record. Not legal advice.
Effective-date history
| Effective date | Rate | Basis |
|---|---|---|
| October 1, 2026 | 7.87% | Statute |
| July 1, 2026 | 8.06% | Statute |
| April 1, 2026 | 8.25% | Statute |
| January 1, 2026 | 8.44% | Statute |
| October 1, 2025 | 8.65% | Statute |
| July 1, 2025 | 8.90% | Statute |
| April 1, 2025 | 9.15% | Statute |
| January 1, 2025 | 9.38% | Statute |
| October 1, 2024 | 9.50% | Statute |
| July 1, 2024 | 9.46% | Statute |
| April 1, 2024 | 9.34% | Statute |
| January 1, 2024 | 9.09% | Statute |
| October 1, 2023 | 8.54% | Statute |
| July 1, 2023 | 7.69% | Statute |
| April 1, 2023 | 6.58% | Statute |
| January 1, 2023 | 5.52% | Statute |
| October 1, 2022 | 4.75% | Statute |
| July 1, 2022 | 4.34% | Statute |
| April 1, 2022 | 4.25% | Statute |
| January 1, 2022 | 4.25% | Statute |
| October 1, 2021 | 4.25% | Statute |
| July 1, 2021 | 4.25% | Statute |
| April 1, 2021 | 4.31% | Statute |
| January 1, 2021 | 4.81% | Statute |
| October 1, 2020 | 5.37% | Statute |
| July 1, 2020 | 6.03% | Statute |
| April 1, 2020 | 6.66% | Statute |
| January 1, 2020 | 6.83% | Statute |
| October 1, 2019 | 6.89% | Statute |
| July 1, 2019 | 6.77% | Statute |
| April 1, 2019 | 6.57% | Statute |
| January 1, 2019 | 6.33% | Statute |
| October 1, 2018 | 6.09% | Statute |
| July 1, 2018 | 5.97% | Statute |
| April 1, 2018 | 5.72% | Statute |
| January 1, 2018 | 5.53% | Statute |
| October 1, 2017 | 5.35% | Statute |
| July 1, 2017 | 5.17% | Statute |
| April 1, 2017 | 5.05% | Statute |
| January 1, 2017 | 4.97% | Statute |
Source & provenance
Observation recorded October 8, 2026 (15:37 UTC) from the cited source (Florida Department of Financial Services, Chief Financial Officer (official)):
https://myfloridacfo.com/division/aa/audits-reports/judgment-interest-rates
Cite this page
StatuteRates. “Florida Prejudgment Interest Rate.” StatuteRates.com. Accessed today. https://statuterates.com/rates/florida-prejudgment-rate/ Rate recorded under Fla. Stat. § 55.03, effective October 1, 2026.