2015 State of Illinois Security Deposit Interest Rate released

staterarte2015Illinois 2015 Security Deposit Interest Rate Announced

The  Illinois Department of Finance and Professional Regulation Division of Banking has finally announced today the interest rate affecting the interest to be paid to tenants on security deposits subject to the Illinois Security Deposit Interest Act (765 ILCS 715).  For the fourth year in a row, the interest rate to be used is 0.005%.

Here are the historical rates for the current and prior year.


About Richard Magnone

Co-founding member of Reda | Ciprian | Magnone, LLC, attorney at law and Illinois licensed lawyer since 1996.
This entry was posted in Illinois, Security Deposit Interest Act and tagged , , . Bookmark the permalink.