New Hampshire Security Deposit Interest
New Hampshire requires deposit interest under certain conditions. The rate is set by the deposit bank. Condition: deposit held for a period of one year or longer; exempts owner-occupied buildings with 5 or fewer units
Interest rules
| Interest required | Conditional |
|---|---|
| Condition | deposit held for a period of one year or longer; exempts owner-occupied buildings with 5 or fewer units |
| Rate rule | A rate equal to the interest rate paid on regular savings accounts in the New Hampshire bank, savings and loan association, or credit union in which it is deposited. If deposits are mingled in a single account, the landlord shall pay the actual interest earned on such account proportionately to each tenant. No statewide numeric rate is published. |
| Current rate | Set by the bank where the deposit is held |
| How interest builds up | Commencing from the date the landlord receives the deposit or from September 13, 1977, whichever is later. Statute does not specify simple vs compound. |
| When it must be paid | Returned with the deposit within 30 days from termination of the tenancy (RSA 540-A:7, I), except a tenant may request the interest accrued every 3 years, 30 days before the expiration of that year's tenancy; the landlord shall comply within 15 days of the expiration of that year's tenancy. |
| When interest may be lost | No separate forfeiture rule is supplied here; check the statute before assuming interest is lost. |
| What you can recover | Failure to comply with RSA 540-A:6, IV (interest) or RSA 540-A:7 (return) makes the landlord liable under RSA 540-A:8; the official HTML for 540-A:8 was not pulled this pass so the exact multiplier is not quoted here. |
| Statute | N.H. Rev. Stat. Ann. § 540-A:6, IV; § 540-A:7 |
Statute says
Notwithstanding RSA 540-A:7, I, a tenant may request the interest accrued on a security deposit every 3 years, 30 days before the expiration of that year's tenancy. The landlord shall comply with the request within 15 da
What this means
This is the longest excerpt in the supplied research record. Read the linked source for the complete provision.
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This estimate holds the selected rate constant for the whole period. Past or future rates may differ. It assumes interest has not already been paid and does not apply forfeiture rules.
Condition: deposit held for a period of one year or longer; exempts owner-occupied buildings with 5 or fewer units
The result assumes this condition is met.
A rate equal to the interest rate paid on regular savings accounts in the New Hampshire bank, savings and loan association, or credit union in which it is deposited. If deposits are mingled in a single account, the landlord shall pay the actual interest earned on such account proportionately to each tenant. No statewide numeric rate is published.
Accrual: Commencing from the date the landlord receives the deposit or from September 13, 1977, whichever is later. Statute does not specify simple vs compound.
Enter your deposit and dates to see an estimate.
Free New Hampshire template, built from verified state data
I rented [rental property address] from [lease start date] to [move-out date]. I paid a security deposit of $[amount]. I returned the keys on [date] and gave you my forwarding address in writing on [date]. Under New Hampshire law (N.H. Rev. Stat. Ann. §§ 540-A:6 to 540-A:8), a landlord must return the deposit or send a written, itemized list of deductions within 30 calendar days from the termination of the tenancy.
FAQ
Does my landlord owe deposit interest in New Hampshire?
Only when the legal condition is met. deposit held for a period of one year or longer; exempts owner-occupied buildings with 5 or fewer units
Which interest rate should I use?
Set by the bank where the deposit is held; there is no statewide numeric rate.
When must the landlord pay the interest?
Returned with the deposit within 30 days from termination of the tenancy (RSA 540-A:7, I), except a tenant may request the interest accrued every 3 years, 30 days before the expiration of that year's tenancy; the landlord shall comply within 15 days of the expiration of that year's tenancy.