Interest on Security Deposit

Annual interest of more than one year's tenancy for controlled units covered by the Residential Rent Stabilization Ordinance:

YEAR

INTEREST 

  

March 1980 - October 1983

5.25%

 

 

October 1993 - November 1992

6.50%

 

 

November 1992 - November 1993

3.00%

 

 

November 1993 - November 1994

2.75%

 

 

November 1994 - November 1995

2.78%

 

 

November 1995 - November 1996

2.97%

 

 

November 1996 - November 1997

2.84%

 

 

November 1997 - November 1998

2.84%

 

 

November 1998 - November 1999

2.30%

 

 

November 1999 - November 2000

2.50% 

 

 

November 2000 - November 2001

2.50%

 

 

November 2001 - November 2002

2.50%

 

 

November 2003 - November 2004

0.92%

 

 

November 2004 - November 2005

1.62%

 

 

November  2005 - November 2006

2.07%

 

 

November 2006 - November 2007

1.98%

 

 

November 2007 - November 2008

2.15%

 

 

November 2008 - November 2009

1.98%

 

 

November  2008 - November 2009

1.36%

 

 

November 2009 -November 2010

0.24%

 

 

November 2010 - November 2011

0.16%

 

 

November 2011 - November 2012

0.12%

 

 

November 2012 - November 2013

0.07%

 

 

November 2013 - November 2014

0.05%

 

 

November 2014 - November 2015

0.03%

 

 

November 2015 - November 2016

0.06%