Does a landlord have to pay interest on a security deposit in Connecticut?
Yes. Connecticut requires a landlord to pay the tenant interest on a security deposit. Interest at the Banking Commissioner's published rate, paid annually. The deposit itself must be returned within 21 days of the end of the tenancy. This is Conn. Gen. Stat. § 47a-21.
| What | Connecticut |
|---|---|
| Interest payable | Yes |
| How it works | Interest at the Banking Commissioner's published rate, paid annually. |
| Deadline to return the deposit | 21 days |
Source
Conn. Gen. Stat. § 47a-21
Read the statute in the Connecticut General Statutes (Connecticut General Assembly): cga.ct.gov.
This is a summary of a published statute, not legal advice. Rules change, local ordinances can add to them, and the terms of a specific lease may differ. Check the citation and speak to a lawyer before acting.
How Seayora uses this rule
Seayora computes the deadline this rule sets from the tenancy’s own dates, shows it on the deposit statement, and reminds the landlord before it falls due — so the answer above is not reference material sitting beside the product, it is the rule the product enforces.
Compare this rule in every state
More Connecticut rules
- How long does a landlord have to return a security deposit in Connecticut?
- How much can a landlord charge for a security deposit in Connecticut?
- How many days does a tenant get to pay late rent in Connecticut?
- How much notice must a landlord give to end a tenancy in Connecticut?
- How much can a landlord charge for a late rent fee in Connecticut?
- Is there a grace period for paying rent in Connecticut?
- Can a landlord change the locks to force a tenant out in Connecticut?
- How long does a tenant have to respond to an eviction case in Connecticut?
- What are the steps to evict a tenant for unpaid rent in Connecticut?
- Can a landlord refuse a Section 8 voucher in Connecticut?
- Can a landlord retaliate against a tenant for complaining in Connecticut?
- Do contractors charge sales tax in Connecticut?
- Is appliance repair taxable in Connecticut?
- Is contractor labor taxable in Connecticut?
- Every Connecticut rule on one page
The same question in other states
- District of Columbia
- Illinois
- Iowa
- Maryland
- Massachusetts
- Minnesota
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Dakota
- Ohio