Security Deposit Interest Rate Ct. Hartford โ the 2024 deposit index has been determined to be 0.55%. Landlords in connecticut must not charge a deposit exceeding the equivalent of 2x the monthly rent.
Here’s a look at small finance. Previous year’s rental security deposit interest rates:
Under Connecticut Law, A Residential Landlord Is To Pay Accrued Interest To The Tenant On Any Security Deposits.
Published november 29, 2022 at 1:44 pm est.
Hartford โ The 2024 Deposit Index Has Been Determined To Be 0.55%.
Prior to 1993, the interest rate was set by law.
The Banking Commissioner Adjusts The Rate Every Year Based On The.
Images References :
Advance Rental Payments Or Security Deposits For Residential Units;
Security deposit deductions in connecticut.
The Average Rate On Credit Cards With Assessed Interest Was 22.75 Percent At The End Of 2023, According To The Federal Reserve, Compared With 20.40 Percent In 2022.
Mandatory interest on security deposits:
Residential And Commercial Landlords In Connecticut Are Allowed To Collect Security Deposits From Tenants.