Florida Prejudgment Interest Rate
United States Florida prejudgment interest — a formula rate, reset each quarter.
Set by statute Formula rate
Florida prejudgment interest is currently 8.06% per year — a statutory formula rate under Fla. Stat. § 55.03 that resets each quarter. 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)
Prejudgment interest under Fla. Stat. § 55.03 — 8.06% (simple interest). This is PREjudgment interest (accruing before entry of judgment) and is separate from Florida’s post-judgment rate; availability is limited by claim type (see the page). Current formula value as of 2026-07-09; verify at myfloridacfo.com. Not legal advice.
Effective-date history
| Effective date | Rate | Basis |
|---|---|---|
| July 9, 2026 | 8.06% | Statute |
Source & provenance
Latest value retrieved July 10, 2026 (02:55 UTC) from the official source:
https://myfloridacfo.com/division/aa/audits-reports/judgment-interest-rates