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Security Deposit Interest Rate for Maryland Residential Tenants

Security Deposit Interest Rate for Maryland Residential Tenants

Landlords must pay 2.6% interest on residential security deposits for calendar year 2019.  Interest is computed monthly.  The rate is mandated by Maryland Law to be the greater of 1.5% or the US Treasury Yield Curve Rate for 1-year on the first business day of each year.   Click here: https://www.treasury.gov/resource-center/data-chart-center/interest-rates/pages/textview.aspx?data=yield On January 2, 2019, […]