Security Deposit Law                                                    Illinois Deposit Law

                              ILLINOIS SECURITY DEPOSIT INTEREST RATES

     These rates apply to security deposits given or held pursuant to 12-month rental periods beginning within the date-ranges identified
Time Period Illinois Interest Rate
Interest rate for 12-month rental periods beginning in 2008 0.35%
Interest rate for 12-month rental periods beginning in 2007 0.50%
Interest rate for 12-month rental periods beginning in 2006 0.55%
Interest rate for 12-month rental periods beginning in 2005 0.40%
Interest rate for 12-month rental periods beginning in 2004 0.30%
Interest rate for 12-month rental periods beginning in 2003 0.40%
Interest rate for 12-month rental periods beginning in 2002 0.45%
Interest rate for 12-month rental periods beginning in 2001 1.73%
Interest rate for 12-month rental periods beginning in 2000 1.73%
Interest rate for 12-month rental periods beginning in 1999 1.88%
Interest rate for 12-month rental periods beginning in 1998 2.50%
Interest rate for 12-month rental periods beginning in 1997 2.50%
Interest rate for 12-month rental periods beginning in 1994, 1995, and 1996 2.50%
Interest rate for 12-month rental periods beginning in 1993 and earlier 5.00%

Email Attorney about Renter RightsAbout Attorney SilvermanIllinois Security Deposit Law CasesIllinois Renter InformationDisclaimer - this is not legal advice