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NWT Security Deposit Interest Calculator

Calculate the interest owed on a security deposit in the Northwest Territories. Landlords credit simple interest to the tenant every year at the bank savings rate, which is 0.01% for 2026.

Rates last verified

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2026 rate
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When it's paid

Estimate for information only, not legal advice. Rates last verified September 23, 2026.

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How deposit interest works in Northwest Territories

  • The rate is the chartered bank rate for non-chequable savings deposits in effect on January 1 of the year the interest is credited. It is 0.01% for 2026.
  • Interest is simple and the landlord credits it to the tenant every year, up to the day the tenant leaves.

Official sources

Northwest Territories deposit interest rates by year

Period Annual rate
2026 (current) 0.01%
2025 0.01%
2024 0.01%
2023 0.01%
2022 0.01%
2021 0.01%
2020 0.05%
2019 0.05%
2018 0.05%
2017 0.05%
2016 0.05%
2015 0.01%
2014 0.05%
2013 0.05%
2012 0.05%
2011 0.05%
Sep 1, 2010 - Dec 31, 2010 0.05%
Jan 1, 2010 - Aug 31, 2010 0.36%

Last verified September 23, 2026 against official government sources.

Calculators for other provinces

Frequently Asked Questions

Common questions from Canadian landlords and tenants about deposit interest

Northwest Territories Deposit Interest Questions

0.01%. It was 0.05% from 2016 to 2020 and has been 0.01% since 2021.

In most provinces and territories, yes. The province sets the rate each year and the landlord owes that interest to the tenant. Quebec does not allow security deposits at all, in New Brunswick the deposit is held by the province and the interest goes to the Crown. Ontario does not allow damage deposits, but landlords must pay interest on a last month's rent deposit.

Multiply the deposit by the annual rate, then by the share of the year the deposit was held. When a deposit is held across several years, each year uses its own rate. Some provinces compound, so interest earned in earlier years also earns interest. This calculator handles both and shows the breakdown for each period.

This calculator is a free estimate for information only and is not legal advice. Rates and rules come from each province's official sources and were last verified on September 23, 2026. Always confirm with your provincial residential tenancy office before paying or returning a deposit.

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