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Pasadena deposit interest rate
Pasadena requires 0.12% interest on a tenant's security deposit for this calendar year, and it is due to the tenant by January 31. Every year the deposit was held is its own rate, so a long tenancy is a sum rather than a single figure.
Source: Pasadena Rent Stabilization: Security Deposit information sheet Verified August 9, 2026
The figures behind this
Applies January 1, 2026 through December 31, 2026
Charter §1806(f), through PRHB Regulations Chapter 10, requires interest to be paid each year on every tenant security deposit held for at least one year, at a rate the Rental Board sets annually. The Board surveys at least five FDIC banks with Pasadena branches on their October 1 savings rates, averages them, and adopts the figure by November 1 for the following calendar year.
Source: Pasadena Rent Stabilization: Security Deposit information sheet Verified August 9, 2026
The rate, year by year
| Year | Rate | Source |
|---|---|---|
| 2026 | 0.12% | Pasadena Rent Stabilization: Security Deposit information sheet · Verified August 9, 2026 |
| 2025 | 0.12% | Pasadena Rent Stabilization: Security Deposit information sheet · Verified August 9, 2026 |
What to do
-
January 31
Pasadena security deposit interest due to tenants
Pay each tenant the interest that accrued on their security deposit during the prior calendar year, on every deposit you have held for at least a year. By check or as a rent credit (your election, or electronically if you have both agreed to that in writing), and with a notice showing the rate applied and the calculation.
PRHB Regulations Chapter 10 sets January 31 as the deadline, every year. When a tenancy ends, any unpaid interest goes back inside the Civil Code §1950.5 deposit-return timeframe, itemised.
Pasadena security deposit information sheet
Source: PRHB Regulations Chapter 10: Security Deposits (rev. 11/6/2025), implementing Charter §1806(f) Verified August 9, 2026
What we do not hold
- We hold Pasadena deposit-interest rates for 2025 and 2026 only. The Board adopts each year's rate by November 1 of the year before, and our ledger leaves earlier years blank rather than guessing at them.
Year by year, at each year's published rate, with the city information sheet behind every one.
Free. No account, no card.
Want a note before January 31?
We email you 30 and 7 days before for your building, with the figure and the document it came from.
We do not sell or share your address, and we report nothing to any agency.