What North Dakota Deposit Interest Works Out To
North Dakota does not publish a single rate — it is whatever the required interest-bearing account earns — so there is no fixed table to print. The calculator above takes whatever rate applies to the account and shows what it produces over the holding period. The rate usually appears on the annual statement or the notice naming the bank where the deposit sits.
When the Interest Is Never Paid
Deposit interest is one of the more commonly overlooked obligations in residential tenancy, partly because the amounts are small enough that neither side tracks them and partly because it is often owed annually while the deposit itself only comes up at move-out. A tenant who has never received an interest payment or an annual statement has usually not been told the obligation exists.
What tends to matter is documentation rather than argument. The lease records the deposit amount and the date it was paid. Bank records show when it cleared. The statute supplies the rate and the schedule, and the arithmetic follows from those three things. Where a landlord is required to give an annual statement naming the bank and the interest payable, the absence of that statement is itself part of the record.
How North Dakota Compares to Nearby States
Deposit interest is one of the sharpest state-line differences in residential tenancy: neighboring states frequently land on opposite sides of it.
The full picture across all 51 jurisdictions is on the deposit interest by state index.
Common Questions About North Dakota Deposit Interest
Does my landlord have to pay interest on my security deposit in North Dakota?
Yes. North Dakota requires it under N.D.C.C. § 47-16-07.1, verified as of September 11, 2026. Occupancy of nine months or longer. No interest is owed where the period of occupancy was less than nine months. The rate is whatever the required interest-bearing account earns. On termination of the lease, together with the deposit.
How much interest is a security deposit worth in North Dakota?
North Dakota does not set a single published percentage — the rate is whatever the required interest-bearing account earns, so the amount depends on the account the deposit is held in. The calculator on this page takes a rate and shows what it produces across a range of deposit sizes and holding periods.
When does a North Dakota landlord have to pay the interest?
On termination of the lease, together with the deposit. The deposit itself is subject to a separate deadline: 30 days after the lease ends and the tenant delivers possession.
What is unusual about the North Dakota rule?
North Dakota mandates the interest-bearing account itself rather than a rate, so what the tenant receives depends entirely on which account the landlord chose.