Update — 2017 Security Deposit Interest Rates

Advocacy News ,

Each year the City of Chicago and State of Illinois are required to set the rate of interest that must be paid on security deposits for residential lease agreements. The new rates are effective January 1, 2017, through December 31, 2017. The 2017 City of Chicago Security Deposit Interest Rate is 0.01 percent (same as 2016). Click here to access the security deposit information from the city's website. Click here for 2017 City of Chicago Addendum. The 2017 State of Illinois Security Deposit Interest Rate is 0.005 percent. Click here to access the security deposit information from the Illinois Department of Financial and Professional Regulation website. This information is also available on our website at http://www.caapts.org/resources.html