54-3-16. Official state interest rates.
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.
Source: SL 1984, ch 319, §1; SL 1987, ch 362; SL 1994, ch 366, §1; SL 2000, ch 226, §1.