## Florida interest rules

This source-backed guide covers US-FL interest authority (Fla. Stat. § 55.03, § 687.01). It certifies only the quoted source-backed rules below; related interest categories remain outside this page unless they are expressly listed in the receipt.

## Fla. Stat. § 55.03, § 687.01

US-FL interest controlling authority under Fla. Stat. § 55.03, § 687.01.

> **55.03.** e payable on judgments or decrees for the calendar quarter beginning January 1 and adjust the rate quarterly on April 1, July 1, and October 1 by averaging the discount rate of the Federal Reserve Bank of New York for the preceding 12 months, then adding 400 basis points to the averaged federal discount rate. The Chief Financial Officer shall inform the clerk of the courts and chief judge for each judicial circuit of the rate that has been established for t

## Use the calculator

DocketMath's interest calculator can model interest scenarios once you identify the controlling jurisdiction, amount, rate type, and accrual date. Use the source panel for the verified source-backed rule.

[Open the Interest calculator](/tools/interest)

## Sources

- [55.03 — Fla. Stat. § 55.03, § 687.01](https://www.flsenate.gov/Laws/Statutes/2024/55.03)

All sources are official primary law published by `www.flsenate.gov`.

**Corroboration method:** government_primary_source_direct_fetch.


A step-by-step DocketMath guide for interest in Florida.

How to run interest in DocketMath for Florida

Rate changes quarterly. Q1 2026=8.44%, Q2 2026=8.25%. Previously stable at 4.75% for years.

A participant or beneficiary in a plan may bring a civil action...

A civil action may be brought by a participant or beneficiary...

Any administrator who fails to furnish a copy of the latest updated summary...

An escrow agent shall hold in trust funds received from others, and any interest earned on those funds shall be distributed as specified in the escrow agreement.

Funds held in escrow above certain amounts shall be allocated based on the agreement of the parties involved.

In case an escrow is related to a real estate transaction, the interest shall be paid to the buyer unless otherwise specified.

The Chief Financial Officer shall set the rate of interest that shall be payable on judgments or decrees... The rate of interest shall be equal to the average discount rate of the Federal Reserve Bank of New York for the preceding 12 months, added to 400 basis points. The interest rate is established at the time of entry of the judgment or decree and shall remain the same until the judgment or decree is paid.

In all cases where interest shall accrue without a special contract for the rate thereof, the rate is the rate provided for in s. 55.03.

A judgment, order, or decree becomes a lien on real property in any county when a certified copy of it is recorded in the official records or judgment lien record of the county...

All contracts for the payment of interest upon any loan, advance of money, line of credit, or forbearance to enforce the collection of any debt, or upon any obligation whatever, at a higher rate of interest than the equivalent of 18 percent per annum simple interest are hereby declared usurious. However, if such loan, advance of money, line of credit, forbearance to enforce the collection of a debt, or obligation exceeds $500,000 in amount or value, it shall not be usury or unlawful to reserve, charge, or take interest thereon unless the rate of interest exceeds the rate prescribed in s. 687.071.

Unless otherwise specifically allowed by law, any person making an extension of credit to any person, who shall willfully and knowingly charge, take, or receive interest thereon at a rate exceeding 25 percent per annum but not in excess of 45 percent per annum, or the equivalent rate for a longer or shorter period of time, whether directly or indirectly, or conspires so to do, shall be guilty of a misdemeanor of the second degree... A rate exceeding 45 percent per annum is a felony criminal usury.

The Chief Financial Officer shall set the rate of interest that shall be payable on judgments or decrees... equal to the average discount rate of the Federal Reserve Bank of New York for the preceding 12 months, added to 400 basis points.

The interest rate established at the time a judgment is obtained shall remain the same until the judgment is paid.

All contracts for the payment of interest upon any loan... at a higher rate of interest than the equivalent of 18 percent per annum simple interest are hereby declared usurious.

The landlord shall pay to the tenant interest on the security deposit, which shall be calculated on the average annual percentage rate as specified in this section.

If the landlord does not pay the tenant interest on the security deposit, the tenant may deduct the amount owed from rent...

A landlord who has a written lease with the tenant may specify a different rate of interest by agreement.

On December 1, March 1, June 1, and September 1 of each year, the Chief Financial Officer shall set the rate of interest that shall be payable on judgments or decrees for the quarter beginning on the immediately succeeding first day of each of the following months: January, April, July, and October. The rate of interest shall be equal to the average discount rate of the Federal Reserve Bank of New York for the preceding 12 months, added to 400 basis points.

interest in US-FL is governed by Fla. Stat. § 55.03, § 687.01.