deposit-interest

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

Oklahoma statute explicitly says the landlord must return the security deposit balance WITHOUT INTEREST within 45 days after termination, deliver… Calculator, statute citation, Last Verified date o

Rule verified: 2026-10-28

Quick answer

No — Oklahoma law does not require landlords to pay interest on security deposits. Oklahoma statute explicitly says the landlord must return the security deposit balance WITHOUT INTEREST within 45 days after termination, delivery of possession and written tenant demand; deposits must sit in an Oklahoma escrow account but no interest is paid to tenants. The rule comes from Okla. Stat. tit. 41, sec. 115 (Damage or Security Deposits). State statute (official text) · 2026-10-28

Calculator pre-loaded with this state:

State pre-filled: Oklahoma — rule applied per Okla. Stat. tit. 41, sec. 115 (Damage or Security Deposits). Switch the state if your property is elsewhere.

StateSecurity deposit ($)Tenancy startTenancy end

What Oklahoma law does — and does not — require

Oklahoma has no statewide statute requiring interest on security deposits. Oklahoma statute explicitly says the landlord must return the security deposit balance WITHOUT INTEREST within 45 days after termination, delivery of possession and written tenant demand; deposits must sit in an Oklahoma escrow account but no interest is paid to tenants.

The statute that governs deposits in Oklahoma, Okla. Stat. tit. 41, sec. 115 (Damage or Security Deposits), covers how and when the deposit itself must be returned — it simply does not mandate interest on top.

How interest must be paid

Not applicable; deposit is escrowed (federally insured institution in Oklahoma) but interest is never owed to the tenant. Not applicable; deposit balance (without interest) due within 45 days after termination + possession + tenant's written demand.

Who the law applies to

All residential tenancies under the Oklahoma Residential Landlord Tenant Act (41 O.S. secs. 101-136); no deposit cap; if tenant makes no written demand within 6 months after termination, deposit reverts to landlord.

Cities in Oklahoma that require interest

No city-level interest requirement found; statewide act preempts the field for covered rentals.

States that do require deposit interest

Oklahoma 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 | Okla. Stat. tit. 41, sec. 115 (Damage or Security Deposits) | | Official text | oksenate.gov | | Last verified | 2026-10-28 |

Cross-checked against: Justia - Okla. Stat. tit. 41 sec. 41-115 (escrow account requirement; misappropriation misdemeanor), Rentable - Oklahoma Security Deposit Laws (no interest required).

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 Oklahoma require landlords to pay interest on security deposits?

No. Oklahoma law does not mandate interest; whatever the lease says governs. No city-level interest requirement found; statewide act preempts the field for covered rentals.

How is deposit interest calculated in Oklahoma?

41 O.S. sec. 115(B): 'the landlord shall return the balance of the security deposit without interest to the tenant within forty-five (45) days' The calculator at the top of this page reflects Oklahoma's rules where a numeric value exists.

When do I get the interest?

Not applicable; deposit balance (without interest) due within 45 days after termination + possession + tenant's written demand.

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

Independent second source · 2026-10-28