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Interest on unpaid invoices in Alaska: 10.5% a year if no rate was agreed; the most you can set depends on the deal

By Yossi Grunwald, founder of Workeey · Updated

In Alaska, 10.5% a year if no rate was agreed; the most you can set depends on the deal. Read from Alaska's own statutes, agencies and courts, checked November 6, 2026, with every answer quoted below, and a late fee calculator.

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Alaska's rate when no rate was agreed

10.5% a year. 10.5% a year on money after it is due when no rate is agreed (AS 45.45.010(a)). Separately, once a court enters judgment, interest including prejudgment interest runs at 3 points above the 12th Federal Reserve District discount rate on January 2 of the judgment year (AS 09.30.070(a)).

Worth knowing: interest on a court judgment. Judgment/prejudgment interest = 12th Fed District discount rate on Jan 2 + 3 points.

  • “(a) The rate of interest in the state is 10.5 percent a year and no more on money after it is due except as provided in (b) of this section.” — AS 45.45.010(a), read November 6, 2026
  • “Notwithstanding AS 45.45.010, the rate of interest on judgments and decrees for the payment of money, including prejudgment interest, is three percentage points above the 12th Federal Reserve District discount rate in effect on January 2 of the year in which the judgment or decree is entered” — AS 09.30.070(a), read November 6, 2026
  • “For judgments entered in 2026, this rate is 6.75%.” — Alaska Court System form ADM-505 (1/26), How to Determine Pre- & Post-Judgment Interest Rates (AS 09.30.070(a)), read November 6, 2026

The most you can set in Alaska

For homeowners and businesses alike: Greater of 10% or 5 points above the 12th Federal Reserve District advance (discount) rate on the day the contract is made; no cap when the principal exceeds $25,000.

How the most you can set moves: Contract cap = greater of 10% or that advance rate + 5 points on the contract date.

  • “(b) Interest may not be charged by express agreement of the parties in a contract or loan commitment that is more than the greater of 10 percent or five percentage points above the annual rate charged member banks for advances by the 12th Federal Reserve District on the day on which the contract or loan commitment is made. A contract or loan commitment in which the principal amount exceeds $25,000 is exempt from the limitation of this subsection.” — AS 45.45.010(b), read November 6, 2026
  • “(h) If the limitations on interest rates provided for in this section are inconsistent with the provisions of any other statute covering maximum interest, service charges, or discount rates, then the provisions of the other statute prevail.” — AS 45.45.010(h), read November 6, 2026
  • “A contract or loan commitment in which the principal amount exceeds $25,000 is exempt from the limitation of this subsection.” — AS 45.45.010(b), read November 6, 2026

Late fees in Alaska

What the text says: For consumer retail installment contracts and retail charge agreements, a delinquency charge may be collected only if the contract authorizes it, and it must be reasonable (AS 45.10.080). Retail installment contracts and retail charge agreements under the Alaska Retail Installment Sales Act (AS 45.10), which covers goods and services bought primarily for personal, family, or household use — not business purchases. It depends: see AS 45.10.220.

  • “(a) If authority to do so is contained in the contract or agreement, the holder of a retail installment contract or retail charge agreement may collect any delinquency, collection or dishonored check charges, attorney fees, court costs, and disbursements. In this case, the charge must be reasonable,” — AS 45.10.080(a), read November 6, 2026
  • “"services" means work, labor, or services of any kind purchased primarily for personal, family, or household use and not for commercial or business use” — AS 45.10.220(13), read November 6, 2026

Does Alaska want it agreed in advance?

Agreed in advance: yes, in the cases below. Only for delinquency charges on consumer retail installment contracts / retail charge agreements: the contract must contain the authority (AS 45.10.080(a)).

  • “If authority to do so is contained in the contract or agreement, the holder of a retail installment contract or retail charge agreement may collect any delinquency, collection or dishonored check charges” — AS 45.10.080(a), read November 6, 2026

Homeowners and businesses in Alaska

For a homeowner buying goods or services on a retail installment contract or retail charge agreement, the Retail Installment Sales Act applies: delinquency charges only if the contract authorizes them, and they must be reasonable. The general interest cap (AS 45.45.010) is the same for consumers and businesses, and gives way to any other statute on maximum interest or service charges.

  • “"services" means work, labor, or services of any kind purchased primarily for personal, family, or household use and not for commercial or business use” — AS 45.10.220(13), read November 6, 2026

Prompt payment on private construction in Alaska

Not found in our check for Alaska.

  • “(a) The prime contractor and a subcontractor on a public construction or public works contract must include in a subcontract between the prime contractor and subcontractor for the public construction or public works a clause that requires the prime contractor to pay” — AS 36.90.210(a), read November 6, 2026

Work out a late charge in Alaska

Starts at Alaska's 10.5%, the rate when none was agreed, not a maximum.

Days since the due date
The rate or fee your terms set

$10.36 late charge

Days late
30
New total
$1,210.36

$1,200.00 × 10.5% a year × 30 days ÷ 365 = $10.36

What was not checked for Alaska

  • The current 12th District Federal Reserve rate that Alaska's contract cap is built on was not found on a state page, so the cap is given as the state's formula only.

Check Alaska's own text

Before you charge: read AS 45.45.010(a) and the other Alaska texts quoted on this page, or ask a lawyer. As of November 6, 2026.

This is a plain-words summary of each state's own laws as of November 6, 2026, not legal advice. Rules have exceptions. Check the state's own text, linked on every state's page, or a lawyer before you charge a late fee or interest.

Compare Alaska with every state's answer.

Official sources for Alaska

Every state in one file: Excel and CSV downloads

Where our data comes from

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