Security Deposit Interest Calculator — Pennsylvania
Calculate the interest you owe a Pennsylvania tenant on their security deposit, using the state's own rule and statute.
The rate equals what your bank actually paid. Enter your account's rate for an accurate figure.
Interest owed to tenant
$4.06
- Time held
- 2.03 yrs
- Total to return
- $2,004.06
Pennsylvania rule
For deposits over $100, once held more than two years the tenant earns the escrow account's interest rate on the full deposit, minus a 1% fee the landlord may retain.
When paid: Annually after the second year; landlord may keep a 1% fee.
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 Pennsylvania treats security deposit interest
For deposits over $100, once held more than two years the tenant earns the escrow account's interest rate on the full deposit, minus a 1% fee the landlord may retain.
When it must be paid: Annually after the second year; landlord may keep a 1% fee.
Worked example
Example: a $1,500.00 deposit held for 2 years at 0.10% per year. Simple interest owed ≈ $3.00, so the landlord returns about $1,503.00 in total. (Rates can change year to year — confirm the current figure.)Last verified June 12, 2026.
Pennsylvania security deposit obligations
Even where interest isn't required, Pennsylvania still regulates the deposit itself: you generally must return it within 30 days of move-out (68 Pa. Stat. § 250.512). You must include an itemized statement of any deductions. Up to 2x for retention beyond 30 days.
Open the Pennsylvania deposit return tracker to confirm the deadline and build an itemized deductions statement.
Pennsylvania security deposit interest FAQ
Do landlords have to pay interest on security deposits in Pennsylvania?+
Yes. For deposits over $100, once held more than two years the tenant earns the escrow account's interest rate on the full deposit, minus a 1% fee the landlord may retain. (68 Pa. Stat. § 250.511b).
How is security deposit interest calculated in Pennsylvania?+
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 24 months.
When must Pennsylvania landlords pay the interest to the tenant?+
Annually after the second year; landlord may keep a 1% fee.
When must a Pennsylvania landlord return the security deposit?+
Generally within 30 days of move-out (68 Pa. Stat. § 250.512). 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.