Will I Get Interest on My Security Deposit?
Wednesday, July 6th, 2011Whether you will receive interest on your security deposit depends on state law and your apartment. If your state requires landlords to pay interest to tenants on paid security deposits and your apartment complex fits within the purview of the law, you will likely receive interest on your security deposit within a few weeks after moving out.
States that Require Interest Payments
Less than a third of states require landlords to pay interest on security deposits. These states are:
- Washington
- New Jersey
- Maryland
- Massachusetts
- New Mexico
- New York
- Illinois
- North…



