8501 W. Higgins Suite 440 Chicago, Illinois 60631 773.399.1122 | fax 773-399-1144   CHICAGO AND ILLINOIS SECURITY DEPOSIT INTEREST RATES  | Home | Chicago Landlord Tenant Ordinance | Security Deposit Return Service | Eviction Service |      Time Period Chicago Illinois Interest rate for the period from January 1, 2010 to December 31, 2010 0.073% .095% Interest rate for the period from January 1, 2009 to December 31, 2009 0.12% 0.25% Interest rate for the period from January 1, 2008 to December 31, 2008 1.26% 0.35% Interest rate for the period from January 1, 2007 to December 31, 2007 1.68% 0.50% Interest rate for the period from January 1, 2006 to December 31, 2006 1.71% 0.55% Interest rate for the period from January 1, 2005 to December 31, 2005 1.01% 0.40% Interest rate for the period from January 1, 2004 to December 31, 2004 0.42% 0.30% Interest rate for the period from January 1, 2003 to December 31, 2003 0.52% 0.40% Interest rate for the period from January 1, 2002 to December 31, 2002 0.83% 0.45% Interest rate for the period from January 1, 2001 to December 31, 2001 3.10% 1.73% Interest rate for the period from January 1, 2000 to December 31, 2000 2.71% 1.73% Interest rate for the period from January 1, 1999 to December 31, 1999 2.63% 1.88% Interest rate for the period from January 1, 1998 to December 31, 1998 3.38% 2.50% Interest rate for the period from January 1, 1997 to December 31, 1997 3.42% 2.50% 1994 and 1996 secuity deposit interest rate 5.00% 2.50% 1993 and prior 5.00% 5.00% Notes: Please remember, in Chicago, owner occupied buildings of six or fewer units are not required to pay interest on security deposits pursuant to the Chicago Residential Landlord Tenant Ordinance. Throughout the State of Illinois, residential real property containing twenty five units or less is exempt from the Illinois Security Deposit Interest Return Act. Other municipalities (Oak Park and Mt. Prospect) follow the Illinois rate. Within the City of Evanston: Interest rates are the same as Chicago rates from 2003 through 2007.  From 1976 to 2002, the Evanston rate was 5.00% and for 1975, the Evanston rate was 4.00% Always check with the local municipality to be sure you are using the appropriate interest rate for security deposits!

 Please NOTE: Because the Chicago City Counsel may change, amend, or abolish the law without notice, the statute provided here is not guaranteed to be an exact reproduction of the law at this time. The code provided here is for informational purposes only and should not be relied upon before taking any action. Please consult an attorney.

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