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Re: Security Deposit Interest

Posted by Anna on February 24, 1999 at 10:07:13:

In Reply to: Security Deposit Interest posted by C. Blank on February 20, 1999 at 23:52:43:

: I am trying to find out how much interest the Banks in NY State were paying during the years of 1989-1993.

The bad news: on my 1993 "Premium" savings account, 2%. If memory serves, less than 4% for all those years...

But what really counts is how much the bank account where your deposit was kept paid, if anything at all. See the legal details about security deposit interest here on in one of those Landlord/Tenant basic info manuals from the main menu (one even gives the Law reference), then contact the LL and/or bank if the $$$ is worth the trouble.

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