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Saskatchewan Security Deposit Interest Calculator

Calculate the interest owed on a security deposit in Saskatchewan. The rate is 0% unless the tenancy lasts five years or more, and then it is the bank savings rate for each year.

Rates last verified

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2026 rate
Method
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 Saskatchewan

  • If the tenancy ends within five years of the date the tenancy agreement was made, the rate is 0% and no interest is owed.
  • For tenancies of five years or more, each year's rate is the chartered bank rate for non-chequable savings deposits published for December of the previous year, and it applies to the whole tenancy.
  • That rate has been between 0.01% and 0.05% since 2015, so the interest is usually a few cents.
  • Interest only accrues up to 30 days after the tenancy ends.

Official sources

Saskatchewan 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%

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

Saskatchewan Deposit Interest Questions

Only on tenancies that last five years or more. If the tenancy ends within five years, the rate is 0%.

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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