Security deposit interest in North Dakota

Verified against N.D. Cent. Code § 47-16-07.1 and agency sources on 2026-07-04. Not legal advice.

Conditionally required

North Dakota requires deposit interest only in specific situations.

Applies when: period of occupancy of 9 months or longer (no interest owed if occupancy was under 9 months)
Rate: Actual interest earned - deposit must be held in a federally insured interest-bearing savings or checking account for the tenant's benefit
Paid: at termination (with deposit, within 30 days)
Statute: N.D. Cent. Code § 47-16-07.1 · primary source

Rate is whatever the required interest-bearing account actually earns; no published state rate.

Security deposit interest calculator

State

Deposit amount ($)

Years held

Annual rate (%) prefilled from the state rule where published

Frequently asked questions

Do landlords have to pay interest on security deposits in North Dakota?

Only in certain cases: period of occupancy of 9 months or longer (no interest owed if occupancy was under 9 months). Actual interest earned - deposit must be held in a federally insured interest-bearing savings or checking account for the tenant's benefit (N.D. Cent. Code § 47-16-07.1).

When must deposit interest be paid in North Dakota?

At termination (with deposit, within 30 days).

Anything else North Dakota landlords should know about deposit interest?

Rate is whatever the required interest-bearing account actually earns; no published state rate.

Deposit interest in other states

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