# Maryland — 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 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, not quoted from the source)_
- **Interest required:** Yes _(our reading, not quoted from the source)_
- **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: appears in the quote below)_
- **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, not quoted from the source)_
- **Citation:** Md. Code, Real Prop. § 8-203(e) _(our reading, not quoted from the source)_

## 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.

## 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

> 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.

## Source

- https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=grp&section=8-203&enactments=false

Last verified: 2026-09-02. Review by: 2027-03-01.
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