Calculate Interest on Deposit
Rental Deposit & Interest Calculator
Calculate the estimated interest earned on a tenant's rental deposit during the tenancy.
Rental Deposit Interest in South Africa
Residential rental deposits are generally required to be held in an interest-bearing account during the tenancy.
This calculator allows landlords and tenants to estimate how much interest may have accumulated on a rental deposit over a specified period.
Enter the original deposit amount, the applicable annual interest rate and the relevant dates to obtain an estimated deposit balance.
Why Keep Accurate Deposit Records?
Landlords should keep clear records showing the original deposit, the account in which it was held, interest earned and any lawful deductions made when the tenancy ends.
Proper inspection reports, inventories, photographs and invoices can also become important where deductions for property damage are disputed.
Need Help With a Rental Deposit or Tenant Dispute?
LASA members can obtain practical landlord support with rental deposits, inspection records, tenant disputes, lease agreements, arrears and Rental Housing Tribunal matters.
Not a member yet? Join the Landlord Association of South Africa and gain access to our landlord support services and member resources.
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