How to run interest in DocketMath for New York
4 min read
Published December 23, 2025 • Updated May 16, 2026 • By DocketMath Team
Trust release 4
This page has legal or numeric text that still needs claim-level inventory before we can treat it as verified.
New York interest rules
This source-backed guide covers New York prejudgment, judgment, consumer-debt, and security-deposit interest rules. It certifies only the quoted source-backed rules below; related interest categories remain outside this page unless they are expressly listed in the receipt.
Prejudgment interest computation date
New York prejudgment interest is computed from the earliest ascertainable date the cause of action existed, except later-incurred damages run from the date incurred.
Interest to verdict, report or decision. § 5001. Interest to verdict, report or decision. (b) Date from which computed. Interest shall be computed from the earliest ascertainable date the cause of action existed, except that interest upon damages incurred thereafter shall be computed from the date incurred.
Verdict-to-judgment interest
New York requires interest on the total sum awarded from verdict, report, or decision until final judgment entry.
N.Y. C.P.L.R. § 5002. § 5002. Interest from verdict, report or decision to judgment. Interest shall be recovered upon the total sum awarded, including interest to verdict, report or decision, in any action, from the date the verdict was rendered or the report or decision was made to the date of entry of final judgment. The amount of interest shall be computed by the clerk of the court and included in the judgment.
Money-judgment interest accrual
Every New York money judgment bears interest from entry; docketed money-payment orders bear interest from docketing.
N.Y. C.P.L.R. § 5003. § 5003. Interest upon judgment. Every money judgment shall bear interest from the date of its entry. Every order directing the payment of money which has been docketed as a judgment shall bear interest from the date of such docketing.
Judgment interest rate and consumer-debt rate
New York sets interest at 9 percent per annum unless another statute provides otherwise. Actions arising out of consumer debt where a natural person is defendant use 2 percent per annum.
N.Y. C.P.L.R. § 5004. § 5004. Rate of interest. (a) Interest shall be at the rate of nine per centum per annum, except where otherwise provided by statute; provided the annual rate of interest to be paid in an action arising out of a consumer debt where a natural person is a defendant shall be two per centum per annum
Security-deposit interest-bearing account rule
For rental property containing six or more family dwelling units, New York requires security money to be deposited in an in-state interest-bearing account earning the prevailing local banking rate.
N.Y. Gen. Oblig. Law § 7-103. Whenever the money so deposited or advanced is for the rental of property containing six or more family dwelling units, the person receiving such money shall, subject to the provisions of this section, deposit it in an interest bearing account in a banking organization within the state which account shall earn interest at a rate which shall be the prevailing rate earned by other such deposits made with banking organizations in such area.
Not certified by this page
- This receipt does not certify New York ERISA interest, federal default postjudgment interest, mortgage escrow interest, generic escrow interest, penalty interest, tax interest, usury exceptions, compounding assumptions, or case-law exceptions outside the quoted sources.
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.
Sources
All sources are official primary law published by www.nysenate.gov.
Corroboration method: Official New York State Senate Open Legislation pages for CPLR 5001 through 5004 and General Obligations Law 7-103.