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States/Maryland/Deposit Interest
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Maryland renter guide

Maryland Security Deposit Interest Rules

For qualifying deposits, § 8-203 requires simple interest at the daily U.S. Treasury one-year yield curve rate as of the first business day of each year or 1.5% annually, whichever is greater.

Last reviewed: August 30, 20261 official source cited
Interest typeSimple interest

Not compounded.

Minimum holding period6 months

No interest is due unless the deposit has been held at least six months.

Minimum deposit$50

Interest is payable only on deposits of $50 or more.

What to verify

  • Date deposit was paid.
  • Amount held.
  • Full months held.
  • Applicable statutory annual rate for each year.
  • Interest included with the final refund.

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Security Deposit Interest by State
Compare dedicated interest, bank-account and escrow rules.
Educational statewide guide. Local law, housing type, lease language and the facts can change the result. This page does not provide legal advice.

Official sources

Maryland General AssemblyMaryland Real Property § 8-203 — Security deposits ↗

Primary current statute for deposit limits, escrow, interest, deductions, 45-day return/accounting and supporting documentation.

Related Maryland guides

Security Deposit →One-Month Limit →45-Day Rule →Move-Out Inspection →