Virginia prejudgment interest rate
United States Virginia prejudgment interest is discretionary — here is the rate courts apply.
→ All Virginia judgment & prejudgment interest rates
Fixed by statute Discretionary
2026 Virginia prejudgment interest at a glance
- Current rate
- 6% per year
- Effective date
- July 9, 2026
- Controlling authority
- Va. Code Ann. § 8.01-382
- Rate basis
- Fixed by statute
- Source checked
- July 9, 2026
- Recorded history
- 1 data point
In Virginia, prejudgment interest is discretionary: a court may award it, and when it does the rate is 6% per year under Va. Code Ann. § 8.01-382.
When Virginia prejudgment interest applies
and fix the period at which the interest shall commence." It is not mandatory.
When it starts accruing
Discretionary — the factfinder "fixes the period at which the interest shall commence" under § 8.01-382.
Simple or compound
Simple (statutory judgment rate under § 6.2-302 is applied as simple interest; no statutory provision for compounding).
→ Compare with the Virginia post-judgment interest rate (interest after judgment)
Prejudgment interest under Va. Code Ann. § 8.01-382 — 6% (simple interest). This is PREjudgment interest (accruing before entry of judgment) and is separate from Virginia’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 | 6% | Statute |
Source & provenance
Observation recorded July 9, 2026 (00:00 UTC) from the cited source (Virginia — law.lis.virginia.gov):
https://law.lis.virginia.gov/vacode/title8.01/chapter13/section8.01-382/
Cite this page
StatuteRates. “Virginia Prejudgment Interest Rate.” StatuteRates.com. Accessed today. https://statuterates.com/rates/virginia-prejudgment-rate/ Rate recorded under Va. Code Ann. § 8.01-382, effective July 9, 2026.