Just today, January 3, 2022, the IDFPR has issued a press release indicating the new Security Deposit Interest Rate for 2022 for those tenancies governed by the Illinois Security Deposit Interest Act. The new rate for 2022 is(big surprise) .01%.
Remember, the Illinois Security Deposit Interest Act applies to “A lessor of residential real property, containing 25 or more units in either a single building or a complex of buildings located on contiguous parcels of real property…”