District of Columbia Interest on deposits

Does a landlord have to pay interest on a security deposit in District of Columbia?

Deposits must be held in an interest-bearing escrow account at an insured DC financial institution. Interest accrues to the tenant at no less than the statement savings rate (reset Jan. 1 and July 1) and is payable at the end of any tenancy of 12 months or more. The landlord must post yearly where deposits are held and the rates paid.

Verified Source: 14 DCMR §§ 308.3, 308.7, 311.1-311.2 · last checked 2026-10-15