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 1^st.

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