Interest rates for security deposits for investor owned utilities

List of annual interest rates

 

 

Annual interest rates for the last 5 years

Effective Date Interest Rate
January 1, 2017 0.83%
January 1, 2016 0.69%
January 1, 2015 0.46%
January 1, 2014 0.31%
January 1, 2013 0.28%
   

Pursuant to 220 CMR. 26.09 (b), the rate of interest shall be the equivalent of the rate paid on two-year, United States Treasury notes for the preceding 12 months ending December 31 of any year.

All cash or cash-equivalent security deposits held for more than six months from the date of deposit shall be paid interest thereon, commencing from the date of payment to the date of refund.

 

 

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