Maryland Interest on deposits

Does a landlord have to pay interest on a security deposit in Maryland?

Deposits must be held in an interest-bearing Maryland account at a federally insured institution used only for deposits, within 30 days. At return (within 45 days), the deposit includes simple interest at the 1-year Treasury yield-curve rate or 1.5% a year, whichever is greater. No interest is owed if the deposit was held less than 6 months.

Verified Source: Md. Code, Real Prop. § 8-203(d)–(e) · last checked 2026-10-15