Does a landlord have to pay interest on a security deposit in Minnesota?
Yes. Minnesota requires a landlord to pay the tenant interest on a security deposit. 1 % simple interest per year. The deposit itself must be returned within 21 days of the end of the tenancy. This is Minn. Stat. § 504B.178.
| What | Minnesota |
|---|---|
| Interest payable | Yes |
| How it works | 1 % simple interest per year. |
| Deadline to return the deposit | 21 days |
Source
Minn. Stat. § 504B.178 — last checked 2026-09-15.
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 lease and 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 Minnesota rules
- Do contractors charge sales tax in Minnesota?
- How many days does a tenant get to pay late rent in Minnesota?
- How much notice does a landlord have to give before entering in Minnesota?
- How much notice does a landlord have to give before raising the rent in Minnesota?
- How much notice must a landlord give to end a tenancy in Minnesota?
- How long does a landlord have to return a security deposit in Minnesota?
- Every Minnesota rule on one page
The same question in other states
- Connecticut
- District of Columbia
- Illinois
- Iowa
- Maryland
- Massachusetts
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Dakota
- Ohio