2023 Applicable Federal Rates
October
Period for Compounding | Annual | Semiannual | Quarterly | Monthly |
| Short-term (<3 yrs) | 5.22% | 5.15% | 5.12% | 5.10% |
| Mid-term (>3 yrs <9 yrs) | 4.43% | 4.38% | 4.36% | 4.34% |
| Long-term (>9 yrs) | 4.46% | 4.41% | 4.39% | 4.37% |
September
Period for Compounding | Annual | Semiannual | Quarterly | Monthly |
| Short-term (<3 yrs) | 5.12% | 5.06% | 5.03% | 5.01% |
| Mid-term (>3 yrs <9 yrs) | 4.19% | 4.15% | 4.13% | 4.11% |
| Long-term (>9 yrs) | 4.19% | 4.15% | 4.13% | 4.11% |
August
Period for Compounding | Annual | Semiannual | Quarterly | Monthly |
| Short-term (<3 yrs) | 5.07% | 5.01% | 4.98% | 4.96% |
| Mid-term (>3 yrs <9 yrs) | 4.09% | 4.05% | 4.03% | 4.02% |
| Long-term (>9 yrs) | 4.03% | 3.99% | 3.97% | 3.96% |
July
Period for Compounding | Annual | Semiannual | Quarterly | Monthly |
| Short-term (<3 yrs) | 4.80% | 4.74% | 4.71% | 4.69% |
| Mid-term (>3 yrs <9 yrs) | 3.85% | 3.81% | 3.79% | 3.78% |
| Long-term (>9 yrs) | 3.98% | 3.94% | 3.92% | 3.91% |
June
Period for Compounding | Annual | Semiannual | Quarterly | Monthly |
| Short-term (<3 yrs) | 4.43% | 4.38% | 4.36% | 4.34% |
| Mid-term (>3 yrs <9 yrs) | 3.56% | 3.53% | 3.51% | 3.50% |
| Long-term (>9 yrs) | 3.79% | 3.75% | 3.73% | 3.72% |
May
Period for Compounding | Annual | Semiannual | Quarterly | Monthly |
| Short-term (<3 yrs) | 4.30% | 4.25% | 4.23% | 4.21% |
| Mid-term (>3 yrs <9 yrs) | 3.57% | 3.54% | 3.52% | 3.51% |
| Long-term (>9 yrs) | 3.72% | 3.69% | 3.67% | 3.66% |
April
Period for Compounding | Annual | Semiannual | Quarterly | Monthly |
| Short-term (<3 yrs) | 4.86% | 4.80% | 4.77% | 4.75% |
| Mid-term (>3 yrs <9 yrs) | 4.15% | 4.11% | 4.09% | 4.08% |
| Long-term (>9 yrs) | 4.02% | 3.98% | 3.96% | 3.95% |
March
Period for Compounding | Annual | Semiannual | Quarterly | Monthly |
| Short-term (<3 yrs) | 4.50% | 4.45% | 4.43% | 4.41% |
| Mid-term (>3 yrs <9 yrs) | 3.70% | 3.67% | 3.65% | 3.64% |
| Long-term (>9 yrs) | 3.74% | 3.71% | 3.69% | 3.68% |
February
Period for Compounding | Annual | Semiannual | Quarterly | Monthly |
| Short-term (<3 yrs) | 4.47% | 4.42% | 4.40% | 4.38% |
| Mid-term (>3 yrs <9 yrs) | 3.82% | 3.78% | 3.76% | 3.75% |
| Long-term (>9 yrs) | 3.86% | 3.82% | 3.80% | 3.79% |
January
Period for Compounding | Annual | Semiannual | Quarterly | Monthly |
| Short-term (<3 yrs) | 4.50% | 4.45% | 4.43% | 4.41% |
| Mid-term (>3 yrs <9 yrs) | 3.85% | 3.81% | 3.79% | 3.78% |
| Long-term (>9 yrs) | 3.84% | 3.80% | 3.78% | 3.77% |
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