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Current interest for security deposits

Posted by Miranda on September 24, 1999 at 15:48:55:

Does anyone know what the current interest rate is for security deposits in NYC--or do they differ depending on the bank the landlord uses? We've been in our apt 2 years and are trying to find out if it's worth it to try to use our deposit as last month's rent (but don't want to do so if we'll lose a lot of money in the deal). Our deposit was $2,400 (one-month's rent). Thanks!!!

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