Real Estate

Security Deposit Interest Calculator

Calculate the interest owed on a tenant's security deposit. In states like New York, landlords with 6+ units must hold deposits in interest-bearing accounts and return the deposit plus interest at lease end.

Security Deposit Amount ($)

Annual Interest Rate (%)

Move-In Date

Move-Out Date

INTEREST OWED TO TENANT

$—

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Days Held

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Deposit Amount

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Total Return to Tenant

NY law: Landlords of 6+ units must return deposit + interest within 14 days of move-out. Failure forfeits right to deductions. Interest rate varies by year (set to current DHCR rate or actual bank rate).