Applicable Federal Rates (AFRs) for May

The Applicable Federal Rates (AFRs) for the month of May are as follows:

	Annual	Semiannual	Quarterly	Monthly
Short-term (≤3 years)	0.27%	0.27%	0.27%	0.27%
Mid-term (>3 years but ≤9 years)	1.30%	1.30%	1.30%	1.30%
Long-term (>9 years)	3.26%	3.23%	3.22%	3.21%