54-3-16. Official state interest rates.
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/sd/title-54/chapter-54-3/54-3-16A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The official state interest rates, as referenced throughout the South Dakota Codified Laws, are as follows:
(1)Category A rate of interest is four and one - half percent per year;
(2)Category B rate of interest is ten percent per year;
(3)Category C rate of interest is twelve percent per year;
(4)Category D rate of interest is one percent per month or fraction thereof;
(5)Category E rate of interest is four percent per year;
(6)Category F rate of interest is fifteen percent per year; and
(7)Category G rate of interest is five - sixth percent per month or fraction thereof.