Rental Deposit Interest Calculator
Free South African calculator to determine interest earned on rental deposits according to Section 5(3) of the Rental Housing Act.
Legal Compliance Guaranteed
This Rental Deposit Interest Calculator follows the exact requirements of Section 5(3) of the Rental Housing Act, calculating interest at the SARB repo rate minus 1%. Current effective rate: 6.75%.
Current Rate
6.75%
Effective deposit interest rate
Legal Compliance
Section 5(3) Rental Housing Act
SARB repo rate minus 1%
SARB Meeting Schedule
The South African Reserve Bank meets 6 times per year to review and potentially adjust interest rates:
- January - First meeting of the year
- March - Q1 review
- May - Mid-year assessment
- July - Q3 review
- September - Pre-holiday assessment
- November - Year-end review
Note: Use the Variable Interest Rates option to account for potential rate changes during your deposit period.
How It Works
Enter your rental deposit amount and the period (start and end dates)
Choose between single rate or variable rates to account for SARB meetings
Get instant results with detailed monthly breakdown and total interest earned
About the Calculator
Our Rental Deposit Interest Calculator is designed specifically for South African landlords and tenants to ensure compliance with the Rental Housing Act. The calculator automatically applies the correct interest rate calculation as required by law.
The calculator provides a detailed monthly breakdown of interest earned, making it easy to verify calculations and maintain transparency between landlords and tenants. All calculations are based on the current SARB repo rate and follow the exact requirements of Section 5(3).
New Feature: Variable interest rates allow you to account for potential SARB rate changes throughout your deposit period, providing more accurate calculations for long-term deposits.