Whilst there is legislation that specifies the interest rate for Tenancy Deposits our Tenancy Deposits are held in the custody of the Deposit Protection Service (the DPS) and the DPS do not pay interest on Tenancy Deposits they hold as the DPS is funded entirely by the interest earned from deposits held in the scheme. For more information contact the DPS on 0330 303 0030

Further Reading

The Housing (Tenancy Deposits) (Specified Interest Rate) Order 2007

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