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Interest Rates

Interest shall be calculated and compounded annually at the following rates:
1 Thirteen and one-quarter per cent (13.25%) from January 1, 1990 to June 30, 1990
2 Fourteen and three-quarters per cent (14.75%) from July 1, 1990 to December 31, 1990
3 Twelve and three-quarters per cent (12.75%) from January 1, 1991 to June 30, 1991
4 Nine and three-quarters per cent (9.75%) from July 1, 1991 to December 31, 1991
5 Eight per cent (8.0%) from January 1, 1992 to June 30, 1992
6 Seven per cent (7.0%) from July 1, 1992 to December 31, 1992
7 Seven and one-quarter per cent (7.25%) from January 1, 1993 and June 30, 1993
8 Six per cent (6.0%) from July 1, 1993 to December 31, 1993
9 Five and one-half per cent (5.5%) from January 1, 1994 to June 30, 1994
10 Eight per cent (8.0%) from July 1, 1994 to December 31, 1994
11 Eight per cent (8.0%) from January 1, 1995 to June 30, 1995
12 Eight and three-quarters per cent (8.75%) from July 1, 1995 to December 31, 1995
13 Seven and one-half per cent (7.5%) from January 1, 1996 to June 30, 1996
14 Six and one-half per cent (6.5%) from July 1, 1996 to December 31, 1996
15 Four and three-quarters per cent (4.75%) from January 1, 1997 to June 30, 1997
16 Four and three-quarters per cent (4.75%) from July 1, 1997 to December 31, 1997
17 Six per cent (6.0%) from January 1, 1998 to June 30, 1998
18 Six and one-half per cent (6.5%) from July 1, 1998 to December 31, 1998
19 Six and three-quarters per cent (6.75%) from January 1, 1999 to June 30, 1999
20 Six and one-quarter per cent (6.25%) from July 1, 1999 to December 31, 1999
21 Six and one-half per cent (6.5%) from January 1, 2000 to June 30, 2000
22 Seven and one-half per cent (7.5%) from July 1, 2000 to December 31, 2000
23 Seven and one-half per cent (7.5%) from January 1, 2001 to June 30, 2001
24 Six and one-quarter per cent (6.25%) from July 1, 2001 to December 31, 2001
25 Four per cent (4.00%) from January 1, 2002 to June 30, 2002
26 Four and one-quarter per cent (4.25%) from July 1, 2002 to December 31, 2002
27 Four and one half per cent (4.5%) from January 1, 2003 to June 30, 2003
28 Five per cent (5.00%) from July 1, 2003 to December 31, 2003
29 Four and one half per cent (4.5%) from January 1, 2004 to June 30, 2004
30 Three and three-quarters per cent (3.75%) from July 1, 2004 to December 31, 2004
31 Four and one quarter per cent (4.25%) from January 3, 2005 to June 30th, 2005
32 Four and one quarter per cent (4.25%) from July 1, 2005 to December 31, 2005

 

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