Maine Interest on deposits
Does a landlord have to pay interest on a security deposit in Maine?
Maine's security deposit chapter (14 M.R.S. ch. 710-A, §§ 6031-6039) requires deposits to be held in a bank account beyond the reach of the landlord's creditors, with the bank and account number disclosed on request. It does not require the landlord to pay interest (full-text search of the chapter).
Verified Source: 14 M.R.S. § 6038 · last checked 2026-10-23
Same topic in neighboring states
All Maine landlord-tenant law · Maine landlord FAQ · Security deposit limit · Deposit return deadline · Notice to enter · Required lease disclosures · Required disclosures (mold, lead, radon, bedbug, asbestos, flood zone)
Get alerts when Maine's landlord laws change
A short email when a rule on this site changes. Free, unsubscribe anytime.