The San Francisco Rent Board has announced a new interest rate for security deposits, effective from March 1, 2025, through February 28, 2026. The interest rate for this period is set at 5.0%. This marks a slight decrease from the previous year’s rate of 5.2%, which was applicable from March 1, 2024, to February 28, 2025.
According to the San Francisco Administrative Code, Chapter 49.2, the Rent Board determines the interest rate based on the annual average of the 90-Day AA Financial Commercial Paper Interest Rate. This figure is rounded to the nearest tenth and reflects data from the preceding calendar year as published by the Federal Reserve.
The Rent Board releases this information annually in early January for the upcoming one-year period starting March 1st.
Further details on security deposits can be found in an article provided by the Rent Board. Additionally, a historical list of interest rates for security deposits dating back to September 1983 is available at their office.
