deposit-interest

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

Mississippi does not require landlords to pay interest on security deposits: Miss. Code § 89-8-21 defines security deposits and requires return w… Calculator, statute citation, Last Verified date o

Rule verified: 2026-10-28

Quick answer

No — Mississippi law does not require landlords to pay interest on security deposits. Mississippi does not require landlords to pay interest on security deposits: Miss. Code § 89-8-21 defines security deposits and requires return within 45 days after the tenancy ends - there is no interest requirement and no statutory deposit cap. The rule comes from Miss. Code Ann. § 89-8-21. State statute (official text) · 2026-10-28

Calculator pre-loaded with this state:

State pre-filled: Mississippi — rule applied per Miss. Code Ann. § 89-8-21. Switch the state if your property is elsewhere.

StateSecurity deposit ($)Tenancy startTenancy end

What Mississippi law does — and does not — require

Mississippi has no statewide statute requiring interest on security deposits. Mississippi does not require landlords to pay interest on security deposits: Miss. Code § 89-8-21 defines security deposits and requires return within 45 days after the tenancy ends - there is no interest requirement and no statutory deposit cap.

The statute that governs deposits in Mississippi, Miss. Code Ann. § 89-8-21, 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. N/a - no interest obligation; deposit due back within 45 days after tenancy termination

Who the law applies to

All residential rentals statewide under the Residential Landlord-Tenant Dispute Resolution Law (Miss. Code § 89-8-1 et seq.); no cap on deposit amount; deposit or itemized written statement of deductions due within 45 days after the tenancy ends

Cities in Mississippi that require interest

No local deposit-interest ordinance found for Jackson or Gulfport; Mississippi has minimal rental regulation statewide.

States that do require deposit interest

Mississippi 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 | Miss. Code Ann. § 89-8-21 | | Official text | billstatus.ls.state.ms.us | | Last verified | 2026-10-28 |

Cross-checked against: Avail - Mississippi Landlord Tenant Law (states interest not required), DepositDeadline - Mississippi security deposit 45-day return (§ 89-8-21).

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 Mississippi require landlords to pay interest on security deposits?

No. Mississippi law does not mandate interest; whatever the lease says governs. No local deposit-interest ordinance found for Jackson or Gulfport; Mississippi has minimal rental regulation statewide.

How is deposit interest calculated in Mississippi?

Mississippi does not require landlords to pay interest on security deposits: Miss. Code § 89-8-21 defines security deposits and requires return within 45 days after the tenancy ends - there is no interest requirement and no statutory deposit cap. The calculator at the top of this page reflects Mississippi's rules where a numeric value exists.

When do I get the interest?

N/a - no interest obligation; deposit due back within 45 days after tenancy termination

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 Mississippi lease promises interest, that promise is enforceable as a contract even though no statute mandates it.

Independent second source · 2026-10-28