Some states require landlords to pay tenants interest on a held security deposit. Enter your deposit, rate, and hold period to estimate what's owed.
Simple interest is calculated as deposit amount × annual rate × years held — the standard method most state security-deposit-interest statutes specify, rather than compounding.
Not every state requires this. Only some states and cities require landlords to pay interest on held deposits, and the required rate varies — some peg it to a published bank rate that changes annually rather than a fixed percentage.
Check your state's actual requirement before relying on this estimate for a real payout, since the rate you're required to pay (if any) is set by your state or local law, not by this calculator.
LeasePilot HQ tracks real rent, expenses, and P&L per property — not just estimates.
Create Your Free AccountLook up your state's actual security deposit rules on the state laws hub.