deposit-interest

Security Deposit Interest in Alaska: No State Requirement (2026)

Alaska Stat. §34.03.070 does not require interest on security deposits — deposits are capped at two months' periodic rent (no cap if monthly rent… Calculator, statute citation, Last Verified date o

Rule verified: 2026-10-28

Quick answer

No — Alaska law does not require landlords to pay interest on security deposits. Alaska Stat. §34.03.070 does not require interest on security deposits — deposits are capped at two months' periodic rent (no cap if monthly rent exceeds $2,000), may be commingled with landlord funds, and must be returned within 14 days (no deductions) or 30 days (itemized deductions). The rule comes from Alaska Stat. §34.03.070 (Security deposits; AS 34.03.210 return obligation). State statute (official text) · 2026-10-28

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State pre-filled: Alaska — rule applied per Alaska Stat. §34.03.070 (Security deposits; AS 34.03.210 return obligation). Switch the state if your property is elsewhere.

StateSecurity deposit ($)Tenancy startTenancy end

What Alaska law does — and does not — require

Alaska has no statewide statute requiring interest on security deposits. Alaska Stat. §34.03.070 does not require interest on security deposits — deposits are capped at two months' periodic rent (no cap if monthly rent exceeds $2,000), may be commingled with landlord funds, and must be returned within 14 days (no deductions) or 30 days (itemized deductions).

The statute that governs deposits in Alaska, Alaska Stat. §34.03.070 (Security deposits; AS 34.03.210 return obligation), covers how and when the deposit itself must be returned — it simply does not mandate interest on top.

How interest must be paid

Interest accrues as N/a. Return within 14 days after termination if no deductions; within 30 days if deductions are made with itemized statement (AS 34.03.070; return obligation reinforced by AS 34.03.210).

Who the law applies to

All residential rentals under the Alaska Uniform Residential Landlord and Tenant Act; cap = 2 months' periodic rent unless monthly rent exceeds $2,000.

States that do require deposit interest

Alaska has no statewide requirement. If you are moving or own rentals across state lines, these states do — each rate is the statutory value verified on the state page:

State	Statutory rate
Massachusetts	5% per annum, or the lesser amount of interest actually received from
Ohio	5% per annum
Maryland	greater of 1.5%/year or U.S. Treasury 1-year yield curve rate (leases
Minnesota	1% per annum
New York	Interest actually accrued/paid on the deposit in the interest-bearing

The statute behind it

| Field | Value | | --- | --- | --- | | Citation | Alaska Stat. §34.03.070 (Security deposits; AS 34.03.210 return obligation) | | Official text | www.akleg.gov | | Last verified | 2026-10-28 |

Cross-checked against: Nolo — Alaska Landlord-Tenant Laws overview (citing Alaska Stat. §34.03.070 2025: no interest requirement, 2-month cap, commingling allowed), Alaska Law Help — Landlord/Tenant FAQ (state-funded legal aid: deposit return rules).

Statutes get amended. If you are relying on this page — for a move-out, a dispute, or a lease draft — click through to the official text and confirm the current wording.

FAQ

Does Alaska require landlords to pay interest on security deposits?

No. Alaska law does not mandate interest; whatever the lease says governs. Alaska Stat. §34.03.070 does not require interest on security deposits — deposits are capped at two months' periodic rent (no cap if monthly rent exceeds $2,000), may be commingled with landlord funds, and must be returned within 14 days (no deductions) or 30 days (itemized deductions).

How is deposit interest calculated in Alaska?

Alaska Stat. §34.03.070 does not require interest on security deposits — deposits are capped at two months' periodic rent (no cap if monthly rent exceeds $2,000), may be commingled with landlord funds, and must be returned within 14 days (no deductions) or 30 days (itemized deductions). The calculator at the top of this page reflects Alaska's rules where a numeric value exists.

When do I get the interest?

Return within 14 days after termination if no deductions; within 30 days if deductions are made with itemized statement (AS 34.03.070; return obligation reinforced by AS 34.03.210).

Can my lease require the landlord to pay interest anyway?

Yes — a lease can always give you more than state law requires, never less. If your Alaska lease promises interest, that promise is enforceable as a contract even though no statute mandates it.

Independent second source · 2026-10-28