Topic No. 101: This Year's Security Deposit Interest Rate
The rate of interest owed on deposits for the period March 1, 2021 through February 28, 2022 is 0.6%. The rate of interest owed on deposits for the period March 1, 2020 through February 28, 2021 is 2.2%. The new rate is published annually by the Rent Board in early January for the one-year period beginning March 1st.
To obtain a complete list of interest rates for security deposits since September 1983, you can visit the Forms Center on our website. This document is also available at our office.
January 2021