New Haven CT Legal Blog

Wednesday, December 14, 2016

Connecticut Banking Department Releases 2017 Minimum Interest Rates for Tenant Security Deposits

The Connecticut Department of Banking has released the new minimum statutory interest rates for mortgage escrows and residential tenant security deposits, pursuant to Conn. Gen. Stat. ยงยง 49-2a and 47a-21(i), respectively.  The Commissioner has determined the deposit index for the calendar year 2017 to be 0.08%. The Connecticut Department of Banking interest rates can be found here. Rental Security Deposit information can be found here.

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