2013 City of Chicago CRLTO Secuirty Deposit Interest Rate set

2013 Chicago Interest Rate on Security DepositsThe Comptroller of the City of Chicago has issued its statement of the interest rate paid on passbook savings accounts, insured money market accounts and six month certificates of deposit at the commercial bank having its main branch located in the city and having the largest total asset value which sets the interest rate for landlords to charge under Section 5-12-080 of the Chicago Residential Landlord and Tenant Ordinance.

The rate for 2013 is .023%.

Here are the “historical rates” over the last twenty years.

About Richard Magnone

Co-founding member of Reda | Ciprian | Magnone, LLC, attorney at law and Illinois licensed lawyer since 1996.
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