On January 7, 2026, the Supreme Court of South Carolina issued an order on the legal rate of interest on money decrees and judgements for the upcoming year. The legal rate of interest in South Carolina for the period of January 15, 2026, through January 14, 2027, is 10.75% compounded annually. See the court’s original order here (PDF).

The rate “is equal to the prime rate as listed in the first edition of the Wall Street Journal published for each calendar year for which the damages are awarded, plus four percentage points, compounded annually,” according to South Carolina Code § 34-31-20 (B) (2020).

Compare this to the previous legal rates of interest compounded annually in South Carolina (with links to the original orders):

2026: 10.75%

2025: 11.50%

2024: 12.50%

2023: 11.50%

2022: 7.25%

2021: 7.25%

2020: 8.75%

2019: 9.50%

2018: 8.50%

2017: 7.75%