Real Estate & Mortgage
Security Deposit Interest
Calculate interest owed to a tenant on a held security deposit where state law requires it.
Your inputs
Change any value to update the result instantly.
Interest owed to tenant
54
Security deposit amount
1,800
Total refund due at move-out
1,854
Years held
2
Interest requirements on security deposits vary by state and city — confirm the applicable rate locally.
Formula and working
Interest owed = Deposit × Annual interest rate × Years held
- 1
Collect the inputs
Security deposit amount = 1,800; Required annual interest rate = 1.5 %; Years deposit held = 2
- 2
Apply the formula
Interest owed = Deposit × Annual interest rate × Years held
- 3
Result
Interest owed to tenant = 54
Frequently asked questions
Important limitation
This is an educational estimate based only on the values and formula shown. Verify current rates, rules, units, and professional standards before relying on the result. It is not personalized financial or investment advice.
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