This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.

Interest in Minnesota

In Minnesota, post-judgment interest on a money judgment is set by statute at 4% per year. This rate is governed by Minn. Stat. § 549.09, which provides the legal framework for calculating interest from the date of the verdict or award until the judgment is satisfied. The statute specifies the applicable rate and defines how interest accrues, including any adjustments or exceptions that may apply to certain types of judgments. The exact formula for computing interest, including any compounding or time-based calculations, is detailed in the official statutory text. A step-by-step worked example below illustrates how the 4% rate is applied to a judgment amount. To estimate interest on a specific judgment, use the calculator linked above.

Interest calculation example

For a Minnesota this interest calculation, use the verified rate from the current rule packet: 4%. The verified packet cites Minn. Stat. § 549.09 (https://www.revisor.mn.gov/statutes/cite/549.09).

Example inputs:

• Principal: $10,000
• Days in calculation period: 365

Calculation:

• Convert the rate to a decimal: 4% = 0.04
• Multiply principal by the rate and the day fraction.
• Example interest: $400.00

This example is generated from verified packet facts. Confirm compounding, judgment date, and case-specific accrual before relying on the amount.

Interest calculation example

For a Minnesota this interest calculation, use the verified rate from the current rule packet: 4%. The verified packet cites Minn. Stat. § 549.09 (https://www.revisor.mn.gov/statutes/cite/549.09).

Example inputs:

• Principal: $10,000
• Days in calculation period: 365

Calculation:

• Convert the rate to a decimal: 4% = 0.04
• Multiply principal by the rate and the day fraction.
• Example interest: $400.00

This example is generated from verified packet facts. Confirm compounding, judgment date, and case-specific accrual before relying on the amount.

Estimate your own result: every situation has exceptions that can change the outcome. Use the interest calculator to estimate your specific figure.

This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.