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The Section 7520 rate for August 2016 is 1.4%, while the Applicable Federal Rates (AFRs) are as follows (Rev. Rul. 2016-18, 2016-31 IRB):

Annual Semiannual Quarterly Monthly
Short-term (≤ 3 years) 0.56% 0.56% 0.56% 0.56%
Mid-term (> 3 years but ≤ 9 years) 1.18% 1.18% 1.18% 1.18%
Long-term (> 9 years) 1.90% 1.89% 1.89% 1.88%

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