New York prejudgment interest rate
United States New York’s general 9% prejudgment rate and qualifying 2% consumer-debt branch.
→ All New York judgment & prejudgment interest rates
Fixed by statute
2026 New York prejudgment interest at a glance
- Current rate
- 9% per year
- Effective date
- July 9, 2026
- Controlling authority
- N.Y. C.P.L.R. 5004
- Rate basis
- Fixed by statute
- Source checked
- July 9, 2026
- Recorded history
- 1 data point
CPLR 5004 supplies New York’s general 9% rate, but a qualifying consumer-debt action against a natural person uses the separate 2% rate beginning April 30, 2022. CPLR 5001 controls entitlement and timing before verdict or decision; equitable matters and other specific statutes can use different treatment.
When New York prejudgment interest applies
CPLR 5001 provides interest on damages for breach of contract and acts or omissions interfering with title, possession, or enjoyment of property. In an equitable action, the court decides interest, rate, and timing. A covered consumer-debt action against a natural person uses the separate CPLR 5004 rate rather than the 9% headline.
When it starts accruing
Under CPLR 5001(b), interest is computed from the earliest ascertainable date the cause of action existed. Damages incurred later run from the date incurred. If damages arose at various times, interest may be computed on each item from its date or on all damages from a single reasonable intermediate date.
Simple or compound
Simple.
→ Compare with the New York post-judgment interest rate (interest after judgment)
Prejudgment interest under N.Y. C.P.L.R. 5004 — 9% (simple interest). This is PREjudgment interest (accruing before entry of judgment) and is separate from New York’s post-judgment rate; availability is limited by claim type (see the page). Verify against the statute text. Not legal advice.
Current recorded observation
| Effective date | Rate | Basis |
|---|---|---|
| July 9, 2026 | 9% | Statute |
Source & provenance
Observation recorded July 9, 2026 (00:00 UTC) from the cited source (New York — nysenate.gov):
https://www.nysenate.gov/legislation/laws/CVP/5004
Cite this page
StatuteRates. “New York Prejudgment Interest Rate.” StatuteRates.com. Accessed today. https://statuterates.com/rates/new-york-prejudgment-rate/ Rate recorded under N.Y. C.P.L.R. 5004, effective July 9, 2026.