What interest rate applies in federal courts?
28 U.S.C. 1961 provides, in pertinent part, “interest [on a civil judgment] shall be calculated from the date of the entry of the judgment, at a rate equal to the weekly average 1-year constant maturity Treasury yield, as published by the Board of Governors of the Federal Reserve System, for the calendar week preceding the date of the judgment.” Each Monday the Federal Reserve publishes the applicable rates for the prior week. A link to the current rate may be found here: http://www.federalreserve.gov/releases/h15/current/. In contrast to many states, e.g. New York, post-judgment interest on a federal civil judgment is compounded.
