Deposit Interest: The Forgotten Component

Some states require interest on deposits — it is a small line item with a real deadline.

The short version

Where interest is required, it accrues annually and is commonly paid at tenancy's end or credited. The claim needs the state's rate rule, the deposit amount and dates, and the arithmetic. It rides alongside the principal claim.

What to do, in order

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Evidence and records to keep

['Check whether your state requires deposit interest.', 'Identify the applicable rate and compounding rule.', 'Compute from payment date to return date.', 'Add the figure to the demand letter and claim.', 'Bring the rate source to the hearing.']

Verify before you file

Deadlines, fees, and forms in this area are set by statute, court rule, or tribunal practice, and they change. Confirm the current requirement on the official your state self-help portal or with the clerk before relying on anything here. This page is general procedural information, not legal advice, and creates no attorney-client relationship.