Rental Bond Calculator — How Much Interest on Your Bond?
Calculate interest earned on your rental bond held by the state tenancy authority. See current bond interest rates and understand your rights at lease end.
Rental bonds in Australia are held by state-based tenancy authorities (not your landlord) in interest-bearing trust accounts. The interest rate varies by state and is typically very low (0.5-2% per year). At the end of your tenancy you are entitled to the bond plus accumulated interest minus any legitimate deductions for damage or unpaid rent. Understanding bond rules protects your rights as a tenant.
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Key Information
| Parameter | Details |
|---|---|
| Bond Amount (typical) | 4 weeks rent |
| Interest Rate (typical) | 0.5% - 2.0% per year |
| Held By | State tenancy authority |
| Refund Timeframe | Usually within 14-21 days |
Calculate your bond interest
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Use Calculator NowFrequently Asked Questions
How much interest do I earn on my rental bond?
On a $2400 bond (4 weeks rent at $600/week) at 1% interest for 2 years: approximately $48 in interest. Bond interest rates are set by each state and are currently very low. The interest is not significant enough to factor into financial planning but you are legally entitled to it when your bond is refunded. Check your state tenancy authority for current rates.
How do I get my rental bond back?
At lease end: request a bond refund form from your state tenancy authority. Both tenant and landlord must agree on the refund amount. If you left the property in the same condition as when you moved in (minus fair wear and tear) you are entitled to the full bond plus interest. Take dated photos at move-in and move-out as evidence. Disputes are resolved through the relevant state tribunal.
Can my landlord keep my entire bond?
No. Your landlord can only claim specific amounts for actual damage beyond fair wear and tear unpaid rent or unpaid utility bills. They cannot claim for normal wear and tear (faded paint worn carpet scuff marks). If you disagree with proposed deductions do not sign the bond refund form until you reach agreement or take the matter to the state tribunal which is free or low cost.
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Last updated: March 2026