# Illinois — Chicago — Security deposit interest requirements by US state — which states make a landlord pay interest on a held deposit, and at what rate, quoted from the statute

For Illinois, jurisdiction is Illinois — Chicago; interest required is Yes; rate or how it's set is 0.01%; condition that triggers the duty is Interest is owed on a security deposit or prepaid rent held more than six months; citation is Municipal Code of Chicago §§ 5-12-081, 5-12-082, recorded from its source on 2026-09-02.

- **Jurisdiction:** Illinois — Chicago _(our reading, not quoted from the source)_
- **Interest required:** Yes _(our reading, not quoted from the source)_
- **Rate or how it's set:** 0.01% _(verified: appears in the quote below)_
- **Condition that triggers the duty:** Interest is owed on a security deposit or prepaid rent held more than six months _(our reading, not quoted from the source)_
- **Citation:** Municipal Code of Chicago §§ 5-12-081, 5-12-082 _(our reading, not quoted from the source)_

## What the source says

> Chapter 5-12 of the Municipal Code of Chicago hereby gives notice pursuant to Sections 5-12-081 and 5-12-082 of the Municipal Code of Chicago that the rate of interest on security deposits under rental agreements governed for the period from January 1, 2026 through December 31, 2026 shall be: 0.01%

## Where each value comes from

This source states these in separate places, so each value is shown with the passage that states it.

### Condition that triggers the duty

> A landlord must pay interest each year on security deposits and prepaid rent held more than six months.

## Source

- https://www.chicago.gov/city/en/depts/doh/provdrs/landlords/svcs/security-deposit-interest-rates.html

Last verified: 2026-09-02. Review by: 2027-03-01.
Part of [Security deposit interest requirements by US state — which states make a landlord pay interest on a held deposit, and at what rate, quoted from the statute](https://referencesource.org/security-deposit-interest-requirements-by-state/).