## US-AK interest rules

This source-backed guide covers US-AK interest authority (Alaska Stat. § 09.30.070). It certifies only the quoted source-backed rules below; related interest categories remain outside this page unless they are expressly listed in the receipt.

## Alaska Stat. § 09.30.070

US-AK interest controlling authority under Alaska Stat. § 09.30.070.

> **09.30.070.** 0.070. Interest on judgments; prejudgment interest. REFERENCES AS 9.50.280 .280"> Sec. 09.50.280. Judgment for plaintiff; punitive damages. AS 18.80.130 Order; interest rate. AS 23.30.155 Payment of compensation. AS 36.30.623 Interest on certain claims. AS 36.30.623 Interest on certain claims. AS 45.56.710 Civil liability. AS 45.56.710 Civil liability. AS 45.56.710 Civil liability. AS 45.56.710 Civil liability. AS 45.56.710 Civil liability. AS 45.56.720 Rescission offers. AS 45.56.720 Rescission offers. AS 45.56.72

## 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

- [09.30.070 — Alaska Stat. § 09.30.070](https://www.akleg.gov/basis/statutes.asp#09.30.070)

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

**Corroboration method:** government_primary_source_direct_fetch.


DocketMath’s Judgment Interest Calculator (Alaska) helps you estimate interest on a money judgment in Alaska using a simple, repeatable method.

Judgment Interest Calculator Guide for Alaska

AS 09.30.070 is formula-based; 2026 rate must be pulled from Alaska Court System ADM-505 annual notice. Contract rate (AS 45.45.010(b)) ceiling is higher of 10.5% or 12th Fed District discount + 5 pts on contract date.

(9) in the event that the purchase of an insurance contract or insurance annuity in connection with termination of an individual’s status as a participant covered under a pension plan with respect to all or any portion of the participant’ s pension benefit under such plan constitutes a violation of part 4 of this title [1] or the terms of the plan, by the Secretary, by any individual who was a participant or beneficiary at the time of the alleged violation, or by a fiduciary, to obtain appropriate relief, including the posting of security if necessary, to assure receipt by the participant or beneficiary of the amounts provided or to be provided by such insurance contract or annuity, plus reasonable prejudgment interest on such amounts;

Interest 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.

Alaska has no general statute mandating interest on escrow funds held by title companies, real-estate brokers, or attorneys. Interest, if any, is governed by the escrow instructions and any written agreement of the parties.

(b) Except when the court finds that the parties have agreed otherwise and except as provided by AS 45.05.111 (d), prejudgment interest accrues from the day process is served on the defendant or the day the defendant received written notification that an injury has occurred and that a claim may be brought against the defendant for that injury, whichever is earlier. The written notification must be of a nature that would lead a prudent person to believe that a claim will be made against the person receiving the notification, for personal injury, death, or damage to property.

Alaska Court System publishes the annual postjudgment/prejudgment interest rate each January, equal to three percentage points above the 12th Federal Reserve District discount rate in effect on January 2 of the judgment year, per AS 09.30.070.

(a) Notwithstanding AS 45.45.010 , the rate of interest on judgments and decrees for the payment of money, including prejudgment interest, is three percentage points above the 12th Federal Reserve District discount rate in effect on January 2 of the year in which the judgment or decree is entered, except that a judgment or decree founded on a contract in writing, providing for the payment of interest until paid at a specified rate not exceeding the legal rate of interest for that type of contract, bears interest at the rate specified in the contract if the interest rate is set out in the judgment or decree.

(a) The rate of interest in the state is 10.5 percent a year and no more on money after it is due except as provided in (b) of this section.

(b) Interest may not be charged by express agreement of the parties in a contract or loan commitment that is more than the greater of 10 percent or five percentage points above the annual rate charged member banks for advances by the 12th Federal Reserve District on the day on which the contract or loan commitment is made. A contract or loan commitment in which the principal amount exceeds $25,000 is exempt from the limitation of this subsection.

Alaska has no separate penalty-interest statute distinct from AS 09.30.070 (judgments) and AS 45.45.010 (legal rate). Where a court awards statutory penalties, interest accrues under AS 09.30.070 once reduced to judgment.

(a) Except as provided in (h) of this section, a landlord may not demand or receive prepaid rent or a security deposit, however denominated, in an amount or value in excess of two months' periodic rent. This section does not apply to rental units where the rent exceeds $2,000 a month.

Sec. 34.03.070. Security deposits and prepaid rent. 
 (a) Except as provided in (h) of this section, a landlord may not demand or receive prepaid rent or a security deposit, however denominated, in an amount or value in excess of two months' periodic rent. This section does not apply to rental units where the rent exceeds $2,000 a month.

 (b) Upon termination of the tenancy, property or money held by the landlord as prepaid rent or as a security deposit may be applied to the payment of accrued rent and the amount of damages that the landlord has suffered by reason of the tenant's noncompliance with AS 34.03.120 . The accrued rent and damages must be itemized by the landlord in a written notice mailed to the tenant's last known address within the time limit prescribed by (g) of this section, together with the amount due the tenant. In this subsection, damages
     (1) means deterioration of the premises and, if applicable, of the contents of the premises;

     (2) does not include deterioration
          (A) that is the result of normal wear and tear;

          (B) caused by the landlord's failure to prepare for expected conditions or by the landlord's failure to comply with an obligation of the landlord imposed by this chapter.

 (c) All money paid to the landlord by the tenant as prepaid rent or as a security deposit in a lease or rental agreement shall be promptly deposited by the landlord, wherever practicable, in a trust account in a bank, savings and loan association, or licensed escrow agent, and the landlord shall provide to the tenant the terms and conditions under which the prepaid rent or security deposit or portions of them may be withheld by the landlord. Nothing in this chapter prohibits the landlord from commingling prepaid rents and security deposits in a single financial account; however, the landlord shall separately account for prepaid rent and security deposits received from each tenant. The landlord may not commingle prepaid rent and security deposits with other funds. The landlord may not use money held for one tenant in a trust account to
     (1) refund the security deposit of another tenant;

     (2) apply to the payment of another tenant's accrued rent;

     (3) apply to damages suffered by the landlord because of another tenant's noncompliance with AS 34.03.120 .

 (d) If the landlord wilfully fails to comply with (b) of this section, the tenant may recover an amount not to exceed twice the actual amount withheld.

 (e) This section does not preclude a landlord or tenant from recovering other damages to which either may be entitled under this chapter.

 (f) The holder of the landlord's interest in the premises at the time of the termination of the tenancy is bound by this section.

 (g) If the landlord or tenant gives notice that complies with AS 34.03.290 , the landlord shall mail the written notice and refund required by (b) of this section within 14 days after the tenancy is terminated and possession is delivered by the tenant, except the landlord shall have 30 days after the tenancy is terminated to mail the refund if costs are deducted for damages that the landlord has suffered because of the tenant's noncompliance with AS 34.03.120 . If the tenant does not give notice that complies with AS 34.03.290 , the landlord shall mail the written notice and refund required by (b) of this section within 30 days after the tenancy is terminated, possession is delivered by the tenant, or the landlord becomes aware that the dwelling unit is abandoned. If the landlord does not know the mailing address of the tenant, but knows or has reason to know how to contact the tenant to give the notice required by (b) of this section, the landlord shall make a reasonable effort to deliver the notice and refund to the tenant.

 (h) Notwithstanding the limitation on the amount of prepaid rent or security deposit in (a) of this section, a landlord may demand or receive an additional security deposit from a tenant who has a pet on the premises that is not a service animal. The additional security deposit
     (1) may not exceed the periodic rent for one month; and

     (2) shall be accounted for separately from prepaid rent or a security deposit received under (a) of this section and may be applied only to the amount of damages that are directly related to the pet of the tenant.

 (i) In this section,
     (1) normal wear and tear means deterioration that occurs from the intended use of the rental unit and without negligence, carelessness, accident, misuse, or abuse of the premises or contents by the tenant, members of the household of the tenant, or the invitees or guests of the tenant;

     (2) service animal means an animal that is individually trained to do work or perform tasks that are directly related to and for the benefit of an individual with a disability, including a physical, sensory, psychiatric, intellectual, or other mental disability.

Sec. 09.30.070. Interest on judgments; prejudgment interest. (a) Notwithstanding AS 45.45.010 , the rate of interest on judgments and decrees for the payment of money, including prejudgment interest, is three percentage points above the 12th Federal Reserve District discount rate in effect on January 2 of the year in which the judgment or decree is entered, except that a judgment or decree founded on a contract in writing, providing for the payment of interest until paid at a specified rate not exceeding the legal rate of interest for that type of contract, bears interest at the rate specified in the contract if the interest rate is set out in the judgment or decree.

interest in US-AK is governed by Alaska Stat. § 09.30.070.