usaref › Statutory interest rate

Statutory interest rate across 10 North American countries

Across the 8 North American countries with a single figure, the statutory interest rate runs from 3.56% (Costa Rica) to 6.25% (The Bahamas). 2 of the 10 carry no single figure; each country page says why. Every figure links to its official source, with the date it took effect and the date we last checked it.

Every figure names the official instrument it came from, the date it takes effect and the date we last checked it against that source. Where no single figure applies, we say so rather than publish one.

CountryStatutory interest rateIn force fromLast verifiedSource
Canada5 percent—2026-08-10Interest Act, R.S.C. 1985, c. I-15, s. 3: 'Whenever any interest is…
Costa Rica3.56 percent2026-10-052026-10-05{"codigoIndicador":"423","nombreIndicador":"Tasa básica pasiva…
Dominican Republicno single figure — why—2026-08-10Ley Monetaria y Financiera 183-02 (aprobada 21 de noviembre de 2002…
El Salvador6 percent1860-05-012026-08-10Código Civil art. 1964: 'Si se estipulare en general intereses sin…
Guatemalano single figure — why—2026-08-10Código Civil (Decreto Ley 106) art. 1947: 'El interés legal es igual…
Honduras6 percent1906-03-012026-08-10Código Civil art. 1367: 'Si la obligación consistiere en el pago de…
Mexico6 percent—2026-08-10Código de Comercio art. 362: debtors in default 'deberán satisfacer…
Panama6 percent1917-07-012026-08-26Código Civil de la República de Panamá (Ley 2 de 22 de agosto de…
The Bahamas6.25 percent2017-01-052026-08-10Civil Procedure (Award of Interest) Act (Ch. 80, Statute Law of The…
United States4.48 percent2026-09-252026-10-0128 U… — Board of Governors of the Federal Reserve System, H.15 Data…

2 of these 10 countries carry no single figure for this instrument — the rate is risk-rated, set by the employer, or the instrument fixes no one number. Each says which, on its own page. We do not fill those with an average.

Every value on this page is also available as JSON, with its full citation, revision history and a signed certified extract — see the API.