Does the deposit have to be in an interest-bearing account in Nevada?

No statute addresses whether the account must bear interest.

What happens if a landlord does not pay deposit interest in Nevada?

No statutory penalty reaches an interest violation specifically.

Does a landlord have to pay interest on a security deposit in Nevada?

Verified August 28, 2026 All Nevada topics →

Nevada requires no interest on a residential security deposit, and no Nevada statute addresses the question either way.

Cited to Nev. Rev. Stat. § 118A.242 (security deposit; nine subsections, none about interest) (4), (9) and 3 more cited sources · Verified August 28, 2026

Chapter 118A of the Nevada Revised Statutes regulates deposits closely across three sections — NRS 118A.240 defines what counts as a security deposit, NRS 118A.242 sets the three-months'-rent ceiling, the surety-bond alternative, the permitted deductions, the 30-day return and the damages for missing it, and NRS 118A.244 handles a sale of the property — and none of them reaches interest. Across the whole seventy-six-section chapter the word 'interest' appears thirteen times and never once means money: it means a 'successor in interest,' a lender's 'security interest in the tenant's household goods,' or a 'bona fide interest in inspecting the premises.' The chapter imposes no escrow, trust, or separate-account duty either. NRS 118A.242(9) gives the tenant's claim to the deposit precedence over any creditor of the landlord, which protects the money in an insolvency without saying where it has to sit. Manufactured home parks are a different chapter and a different answer: NRS 118B.060(4) requires a park landlord to refund a default deposit with interest compounded annually at a rate the Administrator determines.

Nevada deposit interest at a glance

Interest owed to the tenant	No — no statute addresses it
How the rate is set	No rate exists — there is no interest duty
Current figure	No published figure exists
Rate rules	No rate rules — no duty exists
Accrual and payment	No payment duty exists
Who and what is covered	No statutory conditions stated — see the summary and notes
Statute controls where or how the deposit is held	No statute addresses how the deposit is held
Interest-bearing account required	No statute addresses whether the account must bear interest
Custody rules	No statute addresses custody of the deposit
Penalty for violation	No statutory penalty reaches an interest violation specifically
Local rules	None noted for this state

Cite this page: "Landlord Atlas, Nevada Security Deposit Interest Laws (verified August 28, 2026), landlordatlas.com/laws/deposit-interest/nevada/" — free to cite and quote with a link (how these records are verified). Everything above is cited in the citations section below.

Check the verified Nevada answer — and every state and city that differs — in the deposit interest calculator — free, no signup, built on the same verified Nevada law as this page.

Notes and caveats

The 'NRS 118A.242(4)' citation does not say what it is credited with — Several sources pincite NRS 118A.242(4) as a provision establishing that Nevada landlords owe no interest. Subsection 4 is the permitted-deductions rule: on termination the landlord may claim only what is reasonably necessary for unpaid rent, damage beyond normal wear, and reasonable cleaning, and must deliver an itemized written accounting and any remaining balance within 30 days. The word 'interest' does not appear in subsection 4, and it does not appear anywhere in NRS 118A.242, whose nine subsections are the cap, the surety-bond option, the landlord's position on surety bonds, permitted claims and return, the surety dispute channel, the failure-to-return damages, the factors a court weighs in fixing them, the anti-waiver rule, and creditor priority.
Where the mistaken citation probably comes from — The only text in Nevada's landlord-tenant statutes that expressly says a landlord need not pay interest sits in the manufactured-home-park chapter, and it is narrow: NRS 118B.150(2) lets a park landlord take a deposit from a tenant who wants exclusive use of the clubhouse, pool, or other park facilities, and provides that 'the landlord is not required to place such a deposit into a financial institution or to pay interest on the deposit.' Its neighbour, NRS 118B.060(4), requires the opposite for park default deposits. A chapter 118B rule mis-filed under chapter 118A, with the sign flipped, produces exactly the claim in circulation.
The park rule is affirmative, and its custody duty is narrower than it looks — NRS 118B.060(4) requires a deposit taken to compensate for tenant default to be refunded within five years or at the end of the tenancy, whichever comes first, with interest compounded annually for the entire holding period, at a rate 'equal to the average of the prevailing rates of interest for deposits, as determined by the Administrator.' Subsection (2) requires the landlord to maintain 'a separate record of the deposits' — a bookkeeping duty, not a separate account. Subsection (9) exempts a corporate cooperative park.
Nothing has changed the section since 2021 — NRS 118A.242's credit line ends at Laws 2021, and the published chapter compilation is current through the 2025 session. Nevada's Legislature holds regular sessions in odd-numbered years, so 2025 is the most recent one and the next is 2027.

Common questions: Nevada deposit interest

Each answer is the verified value from the table above, restated as a direct answer. Free to quote with a link to this page.

What is the Nevada security deposit interest rate right now?: No published figure exists.
When must a landlord pay or credit deposit interest in Nevada?: No payment duty exists.
Does the deposit have to be in an interest-bearing account in Nevada?: No statute addresses whether the account must bear interest.
What happens if a landlord does not pay deposit interest in Nevada?: No statutory penalty reaches an interest violation specifically.
Do any cities or counties in Nevada have their own deposit-interest rules?: None noted for this state.

Citations

Nev. Rev. Stat. § 118A.242 (security deposit; nine subsections, none about interest) · (4), (9) (verified 2026) Official source
Nev. Rev. Stat. § 118A.240 (definition; names 118A.240, 118A.242 and 118A.244 as the deposit provisions) · 1 (verified 2026) Official source
Nev. Rev. Stat. § 118B.060 (manufactured home parks; the affirmative park duty) · (2), (4), (9) (verified 2026) Official source
Nev. Rev. Stat. § 118B.150 (park facility-use deposit; the only express no-interest sentence in Nevada landlord-tenant law) · (2) (verified 2026) Official source

How this record was verified: Direct read of the Legislative Counsel Bureau's published text of NRS chapter 118A (Landlord and Tenant: Dwellings) — the whole chapter, all seventy-six sections from 118A.010 to 118A.530, with NRS 118A.240, 118A.242, 118A.244 and 118A.250 read in full and all nine subsections of 118A.242 enumerated one by one. Every occurrence of the word 'interest' in the chapter examined in context, and the chapter searched for escrow, trust-account, separate-account, financial-institution and bank terms. NRS chapter 118B (Manufactured Home Parks), ninety sections, read the same way for the park regime and for the origin of the mis-stated citation. Currency taken from the chapter compilation's own revision stamp, current through the 2025 session, and from the section's own credit line, which ends at 2021.