What is the current interest rate on judgments?
The interest rate on judgments is three percent (3%) for the calendar quarter beginning October 1, 2009 (D.C. Code 28-3302(c)). Pursuant to D.C. Code 28-3302(b), this rate does not apply to judgments against the District of Columbia or its employees acting within the scope of their employment. In such situations the judgment interest rate remains 4%. The new interest rate is for post judgments only. The pre-judgment interest rate remains 6% in the absence of an expressed contract specifying otherwise, pursuant to D.C. Code 28-3302 (a).
