New Interest Rate—0.17% on Tenant Security Deposits for 2014
The City of Boulder has calculated the interest rate for tenant security deposits for the 2014 calendar year to be 0.17 percent, effective Wednesday, Jan. 1, 2014. This is the mathematical average of the one-year certificate of deposit from the top three financial institutions in Boulder, based on market share data as of Dec. 16, 2013.
This calculation has been prepared in accordance with Ordinance 7320, which was adopted on Feb. 17, 2004. Relevant code language may be found in Chapter 12-2: Landlord-Tenant Relations of the Boulder Revised Code (sections 12-2-2 and 12-2-4 through 12-2-7).
If tenants have questions about their lease, they should contact their landlord.