An interest rate for Tenant Security Deposits was approved for 2011 by Santa Cruz County Board of Supervisors. The new rate of .06% entitles a tenant in unincorporated areas to 60-cents for each $1 on deposit for a full 12-months. The interest is due at the end of 2011 or earlier if the tenant moves from the property before year-end. Both Watsonville and Capitola councils eliminated an interest requirement for 2011, and Scotts Valley has no interest requirement.
