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
|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