What is the security deposit interest rate in new york city?

Asked by Felecia, New York, NY Fri May 19, 2017

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Kathy Burgre…, Home Owner, Westchester, NY
Mon May 22, 2017
Very small. Security deposits are not designed to earn much in interest. It's not like a checking or savings account. For security deposits to see real interest growth, the U.S. interest rate would have to be above 10% which is currently not the case.
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