On May 11, 1935, President Franklin Roosevelt signed an executive order creating the Rural Electrification Administration. Just over a year later...
The Kentucky Public Service Commission (PSC), in accordance with revisions made to KRS 278.460 in 2012, calculates the annual interest rate to be paid on member deposits each year.
The statute requires the PSC to calculate the interest rate on an annual basis by averaging the one-year constant maturity treasury rate from September, October and November of each year.
Using this data the PSC has calculated an interest rate of 0.66 percent to be paid on member deposits for the 2017 calendar year, effective January 1, 2017.
The revised statute, frequently asked questions and historical information may be found at http://www.psc.ky.gov/
Updated -- December 2017