Maryland
For Maryland, interest required is Yes; rate or how it's set is simple interest which has accrued at the daily U.S. Treasury yield curve rate for 1 year, as of the first business day of each year, or 1.5% a year, whichever is greater; condition that triggers the duty is Only on a deposit of $50 or more, and only once the landlord has held it for at least 6 months; citation is Md. Code, Real Prop. § 8-203(e), recorded from its source on 2026-09-02.
- Jurisdiction
- Maryland our reading
- Interest required
- Yes our reading
- Rate or how it's set
- simple interest which has accrued at the daily U.S. Treasury yield curve rate for 1 year, as of the first business day of each year, or 1.5% a year, whichever is greater verified
- Condition that triggers the duty
- Only on a deposit of $50 or more, and only once the landlord has held it for at least 6 months our reading
- Citation
- Md. Code, Real Prop. § 8-203(e) our reading
Values marked our reading are our classification of what the source says — the source does not print them in those words. The quote below is the evidence for each one; judge it yourself.
What the source says
Within 45 days after the end of the tenancy, the landlord shall return the security deposit to the tenant together with simple interest which has accrued at the daily U.S. Treasury yield curve rate for 1 year, as of the first business day of each year, or 1.5% a year, whichever is greater, less any damages rightfully withheld.
— mgaleg.maryland.gov, retrieved 2026-09-02
Where each value comes from
The value above is stated away from the sentence quoted with the answer, so the passage that states it is shown here too.
Condition that triggers the duty
No interest is due or payable: 1. Unless the landlord has held the security deposit for at least 6 months; or 2. For any period less than a full month. (3) Interest shall be payable only on security deposits of $50 or more.
— all from mgaleg.maryland.gov, retrieved 2026-09-02
Source
- mgaleg.maryland.govhttps://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=grp§ion=8-203&enactments=false