New York prejudgment interest rate
United States New York’s prejudgment interest rate — when a court awards it.
→ All New York judgment & prejudgment interest rates
Fixed by statute 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
New York prejudgment interest is 9% per year, as simple interest under N.Y. C.P.L.R. 5004.
When New York prejudgment interest applies
Prejudgment (pre-verdict) interest under CPLR 5001 is available AS OF RIGHT only for (1) breach of contract and (2) an "act or omission depriving or otherwise interfering with title to, or possession or enjoyment of, property" (i.e., property-damage/conversion/many economic torts). It is thus effectively limited to liquidated or ascertainable pecuniary damages. In actions "of an equitable nature," interest and its rate/accrual date are DISCRETIONARY with the court (CPLR 5001(a)).
When it starts accruing
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.