2023 Monthly Federal Rates
The Blended Annual Rate for 2023 is 4.65%.
December 2023
The Section 7520 rate is 5.80%
| The AFRs are as follows: | Annual | Semi- annual |
Quarterly | Monthly |
|---|---|---|---|---|
| Short-term (up to 3 years) |
5.26% | 5.19% | 5.16% | 5.13% |
| Mid-term (3 to 9 years) |
4.82% | 4.76% | 4.73% | 4.71% |
| Long-term (over 9 years) |
5.03% |
4.97% | 4.94% | 4.92% |
November 2023
The Section 7520 rate is 5.60%
| The AFRs are as follows: | Annual | Semi- annual |
Quarterly | Monthly |
|---|---|---|---|---|
| Short-term (up to 3 years) |
5.30% | 5.23% | 5.20% | 5.17% |
| Mid-term (3 to 9 years) |
4.69% | 4.64% | 4.61% | 4.60% |
| Long-term (over 9 years) |
4.83% |
4.77% | 4.74% | 4.72% |
October 2023
The Section 7520 rate is 5.40%
| The AFRs are as follows: | Annual | Semi- annual |
Quarterly | Monthly |
|---|---|---|---|---|
| Short-term (up to 3 years) |
5.22% | 5.15% | 5.12% | 5.10% |
| Mid-term (3 to 9 years) |
4.43% | 4.38% | 4.36% | 4.34% |
| Long-term (over 9 years) |
4.46% |
4.41% | 4.39% | 4.37% |
September 2023
The Section 7520 rate is 5.00%
| The AFRs are as follows: | Annual | Semi- annual |
Quarterly | Monthly |
|---|---|---|---|---|
| Short-term (up to 3 years) |
5.12% | 5.06% | 5.03% | 5.01% |
| Mid-term (3 to 9 years) |
4.19% | 4.15% | 4.13% | 4.11% |
| Long-term (over 9 years) |
4.19% |
4.15% | 4.13% | 4.11% |
August 2023
The Section 7520 rate is 5.00%
| The AFRs are as follows: | Annual | Semi- annual |
Quarterly | Monthly |
|---|---|---|---|---|
| Short-term (up to 3 years) |
5.07% | 5.01% | 4.98% | 4.96% |
| Mid-term (3 to 9 years) |
4.09% | 4.05% | 4.03% | 4.02% |
| Long-term (over 9 years) |
4.03% |
3.99% | 3.97% | 3.96% |
July 2023
The Section 7520 rate is 4.60%
| The AFRs are as follows: | Annual | Semi- annual |
Quarterly | Monthly |
|---|---|---|---|---|
| Short-term (up to 3 years) |
4.80% | 4.74% | 4.71% | 4.69% |
| Mid-term (3 to 9 years) |
3.85% | 3.81% | 3.79% | 3.78% |
| Long-term (over 9 years) |
3.98% |
3.94% | 3.92% | 3.91% |
June 2023
The Section 7520 rate is 4.20%
| The AFRs are as follows: | Annual | Semi- annual |
Quarterly | Monthly |
|---|---|---|---|---|
| Short-term (up to 3 years) |
4.43% | 4.38% | 4.36% | 4.34% |
| Mid-term (3 to 9 years) |
3.56% | 3.53% | 3.51% | 3.50% |
| Long-term (over 9 years) |
3.79% |
3.75% | 3.73% | 3.72% |
May 2023
The Section 7520 rate is 4.40%
| The AFRs are as follows: | Annual | Semi- annual |
Quarterly | Monthly |
|---|---|---|---|---|
| Short-term (up to 3 years) |
4.30% | 4.25% | 4.23% | 4.21% |
| Mid-term (3 to 9 years) |
3.57% | 3.54% | 3.52% | 3.51% |
| Long-term (over 9 years) |
3.72% |
3.69% | 3.67% | 3.66% |
April 2023
The Section 7520 rate is 5.00%
| The AFRs are as follows: | Annual | Semi- annual |
Quarterly | Monthly |
|---|---|---|---|---|
| Short-term (up to 3 years) |
4.86% | 4.80% | 4.77% | 4.75% |
| Mid-term (3 to 9 years) |
4.15% | 4.11% | 4.09% | 4.08% |
| Long-term (over 9 years) |
4.02% |
3.98% | 3.96% | 3.95% |
March 2023
The Section 7520 rate is 4.40%
| The AFRs are as follows: | Annual | Semi- annual |
Quarterly | Monthly |
|---|---|---|---|---|
| Short-term (up to 3 years) |
4.50% | 4.45% | 4.43% | 4.41% |
| Mid-term (3 to 9 years) |
3.70% | 3.67% | 3.65% | 3.64% |
| Long-term (over 9 years) |
3.74% |
3.71% | 3.69% | 3.68% |
February 2023
The Section 7520 rate is 4.60%
| The AFRs are as follows: | Annual | Semi- annual |
Quarterly | Monthly |
|---|---|---|---|---|
| Short-term (up to 3 years) |
4.47% | 4.42% | 4.40% | 4.38% |
| Mid-term (3 to 9 years) |
3.82% | 3.78% | 3.76% | 3.75% |
| Long-term (over 9 years) |
3.86% |
3.82% | 3.80% | 3.79% |
January 2023
The Section 7520 rate is 4.60%
| The AFRs are as follows: | Annual | Semi- annual |
Quarterly | Monthly |
|---|---|---|---|---|
| Short-term (up to 3 years) |
4.50% | 4.45% | 4.43% | 4.41% |
| Mid-term (3 to 9 years) |
3.85% | 3.81% | 3.79% | 3.78% |
| Long-term (over 9 years) |
3.84% |
3.80% | 3.78% | 3.77% |
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