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State-by-state deposit interest

Security Deposit Interest by State

Not every state requires security deposits to earn interest, and the states that do can use very different formulas, holding rules, timing triggers or account requirements. This comparison includes only states where RentBillCheck already has a dedicated source-verified interest or interest-bearing-account topic.

Open 50-State Deposit Rules →All State Guides
10dedicated state topics
Sourceverified before inclusion
50state fallback layer
Why this is not a 50-page template

Only states with a dedicated source-verified topic appear below. If a state does not add an exact rule for this issue, use the broader state source layer instead of a thin page that repeats generic advice.

Connecticut — Interest & Escrow
Dedicated Connecticut interest and deposit-account source layer.Maryland — Interest on Deposit
Dedicated Maryland deposit-interest topic.Massachusetts — Interest & Bank Account
State-specific interest and deposit-holding requirements.Minnesota — 1% Security Deposit Interest
Minnesota uses simple noncompounded interest at one percent per year under the verified source layer.New Hampshire — Interest & Trust
Dedicated New Hampshire deposit interest/trust topic.New Jersey — Interest & Bank Notice
State-specific interest and bank-notice requirements.New Mexico — Annual Deposit Interest
Dedicated New Mexico interest topic with tenancy/deposit context.North Dakota — Interest-Bearing Account
Dedicated North Dakota account/interest source layer.Ohio — Security Deposit Interest Rule
Dedicated Ohio interest rule topic.Pennsylvania — Interest After Two Years
Pennsylvania interest rule tied to tenancy duration under the verified state topic.

Do not apply one interest rate nationwide

A deposit-interest requirement can depend on how long the tenancy lasts, the amount held, the type of account, statutory rate language or other state-specific conditions. Open the state topic before estimating what should have accrued.

Records worth keeping

  • Security-deposit receipt and amount.
  • Lease start and end dates.
  • Bank/escrow notice when required.
  • Annual interest statements or credits.
  • Deposit refund/accounting showing interest paid or credited.
  • Any state-specific withholding or administrative deduction from interest.
Educational information only. A state rule, company charge sheet or invoice does not by itself decide an individual dispute. The exact lease, condition, dates, evidence and local rules can change the result.