Minnesota Interest on deposits
Does a landlord have to pay interest on a security deposit in Minnesota?
Deposits earn simple, non-compounded interest of 1% a year, from the first day of the month after the deposit is fully paid until the deposit is returned. Interest under $1 is excluded.
Verified Source: Minn. Stat. § 504B.178, subd. 2 · last checked 2026-10-15
Same topic in neighboring states
All Minnesota landlord-tenant law · Minnesota landlord FAQ · Security deposit limit · Deposit return deadline · Notice to enter · Required lease disclosures · Required disclosures (mold, lead, radon, bedbug, asbestos, flood zone)
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