Utility Deposits

Interest rate for your utility deposit.

Your utility company may ask you to provide a deposit when you first apply for utility service.  If you have an existing utility service account, you may be asked to provide a deposit if you are having difficulty making payments on your utility account and have received four or more disconnection notices within the past twelve months. You can learn more about when your utility can ask you for a deposit by reviewing the rules regarding deposits, Puc 1203.03.

If your utility does ask you to provide a deposit, the utility must pay interest on that deposit from the date the deposit is received to the date the deposit is returned to you.

The current and historical interest rates paid on deposits held by utilities are shown below.

  • The second quarter rate is 8.50% for the period April 1, 2024 through June 30, 2024
  • The first quarter rate is 8.50% for the period January 1, 2024 through March 31, 2024
  • The fourth quarter rate is 8.50% for the period October 1, 2023 through December 31, 2023
  • The third quarter rate is 8.25% for the period July 1, 2023 through September 30, 2023
  • The second quarter rate is 7.75% for the period April 1, 2023 through June 30, 2023
  • The first quarter rate is 7% for the period January 1, 2023 through March 31, 2023
  • The fourth quarter rate is 5.5% for the period October 1, 2022 through December 31, 2022
  • The third quarter rate is 4.0% for the period July 1, 2022 through September 30, 2022
  • The second quarter rate is 3.25% for the period April 1, 2022 through June 30, 2022.
  • The first quarter rate is 3.25% for the period January 1, 2022 through March 31, 2022
  • The fourth quarter rate is 3.25% for the period October 1, 2021 through December 31, 2021
  • The third quarter rate is 3.25% for the period July 1, 2021 through September 31, 2021
  • The second quarter rate is 3.25% for the period April 1, 2021 through June 30, 2021
  • The first quarter rate is 3.25% for the period January 1, 2021 through March 31, 2021
  • The fourth quarter rate is 3.25% for the period October 1, 2020 through December 31, 2020
  • The third quarter rate is 3.25% for the period July 1, 2020 through September 30, 2020
  • The second quarter rate is 3.25% for the period April 1, 2020 through June 30, 2020
  • The first quarter rate is 4.75% for the period January 1, 2020 through March 31, 2020
  • The fourth quarter rate is 5.25% for the period October 1, 2019 through December 31, 2019
  • The third quarter rate is 5.50% for the period July 1, 2019 through September 30, 2019
  • The second quarter rate is 5.50% for the period April 1, 2019 through June 30, 2019
  • The first quarter rate is 5.25% for the period January 1, 2019 through March 31, 2019
  • The fourth quarter rate is 5.00% for the period October 1, 2018 through December 31, 2018
  • The third quarter rate is 4.75% for the period July 1, 2018 through September 30, 2018
  • The second quarter rate is 4.50% for the period April 1, 2018, through June 30, 2018
  • The first quarter rate is 4.25% for the period January 1, 2018, through March 31, 2018
  • The fourth quarter rate is 4.25% for effect October 1, 2017 through December 31, 2017
  • The third quarter rate is 4% for effect July 1, 2017 through September 30, 3017
  • The second quarter rate is 3.75% for effect April 1, 2017 through June 30, 2017
  • The first quarter rate is 3.5% for effect January 1, 2017 through March 31, 2017
  • The fourth quarter rate is 3.5% for effect October 1, 2016 through December 31, 2016
  • The third quarter rate is 3.5% for effect July 1, 2016 through September 30, 2016
  • The second quarter rate is 3.5% for effect April 1, 2016 through June 30, 2016.
  • The first quarter rate is 3.25% for effect January 1, 2016 through March 31, 2016
  • The fourth quarter rate is 3.25% for effect October 1, 2015 through December 31, 2015
  • The third quarter rate is 3.25% for effect July 1, 2015 through September 30, 2015
  • The second quarter rate is 3.25% for effect April 1, 2015 through June 30, 2015.
  • The first quarter rate is 3.25% for effect January 1, 2015 through March 31, 2015.
  • The fourth quarter rate is 3.25% for effect October 1, 2014 through December 31, 2014
  • The third quarter rate is 3.25% for effect July 1, 2014 through September 30, 2014
  • The second quarter rate is 3.25% for effect April 1, 2014 through June 30, 2014
  • The first quarter rate is 3.25% for effect January 1, 2014 through March 31, 2014
  • The fourth quarter rate is 3.25% for effect October 1, 2013 through December 31, 2013
  • The third quarter rate is 3.25% for effect July 1, 2013 through September 30, 2013
  • The second quarter rate is 3.25% for effect April 1, 2013 through June 30, 2013
  • The first quarter rate is 3.25% for effect January 1, 2013 through March 31, 2013