# Ohio — 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 Ohio, interest required is Yes; rate or how it's set is interest on the excess at the rate of five per cent per annum; condition that triggers the duty is Only on the part of the deposit above $50 or one month's periodic rent, whichever is greater, and only if the tenant remains in possession for six months or more; citation is Ohio Rev. Code § 5321.16(A), recorded from its source on 2026-09-02.

- **Jurisdiction:** Ohio _(our reading, not quoted from the source)_
- **Interest required:** Yes _(our reading, not quoted from the source)_
- **Rate or how it's set:** interest on the excess at the rate of five per cent per annum _(verified: appears in the quote below)_
- **Condition that triggers the duty:** Only on the part of the deposit above $50 or one month's periodic rent, whichever is greater, and only if the tenant remains in possession for six months or more _(our reading, not quoted from the source)_
- **Citation:** Ohio Rev. Code § 5321.16(A) _(our reading, not quoted from the source)_

## What the source says

> Any security deposit in excess of fifty dollars or one month's periodic rent, whichever is greater, shall bear interest on the excess at the rate of five per cent per annum if the tenant remains in possession of the premises for six months or more, and shall be computed and paid annually by the landlord to the tenant.

## Source

- https://codes.ohio.gov/ohio-revised-code/section-5321.16

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/).