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North Dakota Security Deposit Interest Rule

Security deposits must be placed in a federally insured interest-bearing savings or checking account for the tenant’s benefit. The statute says interest need not be paid when occupancy lasted less than nine months.

Last reviewed: August 30, 20261 official source cited
Account typeFederally insured + interest-bearing

For tenant benefit.

Interest exceptionOccupancy under 9 months

No interest payment required under the statute.

Useful records

  • Deposit amount and date paid.
  • Occupancy length.
  • Any interest shown on the final accounting.
  • Transfer records if ownership changed.

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Compare dedicated interest, bank-account and escrow rules.
Use the current Century Code and the actual lease/possession facts. Educational information only.

Official sources

North Dakota Legislative BranchN.D.C.C. § 47-16-07.1 — Security deposits ↗

Current Century Code chapter containing deposit limits, interest, deductions, 30-day itemization/refund and treble-damages provision.

Related North Dakota guides

Security Deposit →1-Month Limit →2-Month Exceptions →Pet Deposit →