In accordance with state law, the Kentucky Public Service Commission (PSC) has calculated the annual interest rate to be paid on member deposits for 2015.

Kentucky statutes require the PSC to calculate the interest rate to be paid on an annual basis by averaging the one-year constant maturity treasury rate from September, October and November of each year.

The Commission determines the rate and posts it to the website www.psc.ky.gov no later than Dec. 15 each year.

Using data from September, October and November of 2014, the Commission has calculated an interest rate of 0.12 percent to be paid on deposits for the 2015 calendar year.

It should be noted that the interest rate to be paid on member deposits in 2015 remains the same as it was in 2014.

More information about this matter may be found on the PSC’s website.