Security Deposit Interest Calculator — North Dakota
Calculate the interest you owe a North Dakota tenant on their security deposit, using the state's own rule and statute.
This rate is published each year — confirm the current year's figure with the cited source before relying on it.
Interest owed to tenant
$20.29
- Time held
- 2.03 yrs
- Total to return
- $2,020.29
North Dakota rule
The deposit must be held in a federally insured interest-bearing account. For tenancies of nine months or more, the landlord pays simple interest at the Federal Reserve discount rate as of January 1 — confirm the current rate.
When paid: On deposit return, for tenancies of at least nine months.
Last verified June 12, 2026.
Not legal advice. LandlordKit provides general informational tools, not legal advice. Landlord-tenant laws change and vary by city and county. Verify the cited statute and consult a licensed attorney before acting on any result.
How North Dakota treats security deposit interest
The deposit must be held in a federally insured interest-bearing account. For tenancies of nine months or more, the landlord pays simple interest at the Federal Reserve discount rate as of January 1 — confirm the current rate.
When it must be paid: On deposit return, for tenancies of at least nine months.
Worked example
Example: a $1,500.00 deposit held for 2 years at 0.50% per year. Simple interest owed ≈ $15.00, so the landlord returns about $1,515.00 in total. (Rates can change year to year — confirm the current figure.)Last verified June 12, 2026.
North Dakota security deposit obligations
Even where interest isn't required, North Dakota still regulates the deposit itself: you generally must return it within 30 days of move-out (N.D. Cent. Code § 47-16-07.1). You must include an itemized statement of any deductions.
Open the North Dakota deposit return tracker to confirm the deadline and build an itemized deductions statement.
North Dakota security deposit interest FAQ
Do landlords have to pay interest on security deposits in North Dakota?+
Yes. The deposit must be held in a federally insured interest-bearing account. For tenancies of nine months or more, the landlord pays simple interest at the Federal Reserve discount rate as of January 1 — confirm the current rate. (N.D. Cent. Code § 47-16-07.1).
How is security deposit interest calculated in North Dakota?+
Interest is simple (non-compounded). Multiply the deposit by the annual rate and by the number of years held. Interest only begins after the deposit has been held 9 months.
When must North Dakota landlords pay the interest to the tenant?+
On deposit return, for tenancies of at least nine months.
When must a North Dakota landlord return the security deposit?+
Generally within 30 days of move-out (N.D. Cent. Code § 47-16-07.1). Use the LandlordKit deposit return tracker for the exact rule and an itemized statement.
Is the LandlordKit security deposit interest calculator free?+
Yes — it's completely free, requires no signup, and you can download a PDF interest statement to give your tenant.
Other states
Need the full picture? See the security deposit interest calculator for all states.