Calculate interest on security deposit
You can calculate the interest on a security deposit that a landlord owes a tenant at the end of the tenancy (lease).
Use the Security Deposit Interest Calculator to calculate how much interest a landlord needs to pay when returning a security deposit to a tenant at the end of a tenancy (lease).
At the end of a tenancy (lease), a landlord needs to return a tenant's security deposit with interest, minus any deductions for unpaid rent or damage. Security deposit interest is calculated based on different interest rates.
Security deposit interest rates
| From | To | Interest rate |
|---|---|---|
| 1 January 2013 | Present | 0% |
| 1 January 1995 | 31 December 2012 | 1% |
| 1 January 1992 | 31 December 1994 | 3% |
| 1 January 1985 | 31 December 1991 | 7% |
| 1 July 1982 | 31 December 1984 | 12% |
| Before 1 July 1982 | 6% |
Before you start
Make sure you have:
- date the security deposit was paid
- date the tenancy ended
- amount of security deposit