Interest Rates on Security Deposits

The landlord must pay interest to the tenant annually, at the end of each tenancy year, unless both parties agree otherwise. If the landlord and the tenant agree in writing, interest may be compounded annually and paid to the tenant at the end of the tenancy. The minimum interest rates that landlords must pay on damage deposits are listed below.

The permanent formula for setting the yearly interest rate payable on security deposits is 3 percent below the rate of interest that is in effect on November 1 of the previous year for cashable one-year guaranteed investment certificates held or offered by Alberta Treasury Branches Financial. The formula was set by an Order in Council passed on September 8, 2004 that amended the Security Deposit Interest Rate Regulation.

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 TIME PERIOD  Minimum Annual Interest Rate
 January 1, 2015 to December 31, 2015  0%
 January 1, 2014 to December 31, 2014  0%
 January 1, 2013 to December 31, 2013  0%
 January 1, 2012 to December 31, 2012  0%
 January 1, 2011 to December 31, 2011  0%
 January 1, 2010 to December 31, 2010  0%
 January 1, 2009 to December 31, 2009  0%
 January 1, 2008 to December 31, 2008  0.5%
 January 1, 2007 to December 31, 2007  0.3%
 January 1, 2006 to December 31, 2006  0%
 January 1, 2005 to December 31, 2005  0%
 January 1, 2004 to December 31, 2004  0%
 January 1, 2003 to December 31, 2003  0%
 January 1, 2002 to December 31, 2002  0%
 January 1, 2001 to December 31, 2001  1.75%
 January 1, 2000 to December 31, 2000  1.15%
 January 1, 1999 to December 31, 1999  0.75%
 January 1, 1997 to December 31, 1998  0%
 January 1, 1996 to December 31, 1996  2.5%
 January 1, 1995 to December 31, 1995  2.75%
 February 1, 1993 to June 30, 1994  3.0%
 March 1, 1987 to January 31, 1993  6.0%
 January 1, 1984 to February 28, 1987  8.0%