2015 Security Deposit Interest Rate

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The  Illinois Department of Finance and Professional Regulation Division of Banking has announced  the interest rate affecting the interest to be paid to tenants on security deposits subject to the Illinois Security Deposit Interest Act (765 ILCS 715).  For the fourth year in a row, the interest rate to be used is 0.005%.

For those residential rentals covered by the Chicago Residential Landlord Tenant Ordinance, Section 5-12-080.  The rate this year is .01%.