Topic No. 101: This Year's Security Deposit Interest Rate

The rate of interest owed on deposits for the period March 1, 2019 through February 29, 2020 is 2.7%. The rate of interest owed on deposits for the period March 1, 2018 through February 28, 2019 is 1.2%. 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 2019