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Last updated: April 2026Researched by DepositHawk Research Team

South Carolina Does Not Require Deposit Interest

South Carolina landlords are not required to pay interest on your security deposit. But that does not mean they can do whatever they want with it.

South Carolina does not require landlords to pay interest on security deposits. However, landlords must return the deposit within 30 days of move-out under S.C. Code Ann. § 27-40-410.

S.C. Code Ann. § 27-40-410

Your Rights

What Your South Carolina Landlord Does Owe You

Interest or not, South Carolina law gives you real protections on your security deposit:

  • 30-day return deadline. Your landlord has 30 days after you move out to return your deposit or provide an accounting of deductions.
  • Itemized statement required. Your landlord cannot just keep part of your deposit — they must provide a written, itemized list of every deduction and its amount within 30 days.
  • Penalties for violations. If your landlord misses the deadline or makes illegal deductions, South Carolina courts can award you up to 3x the wrongfully withheld amount.

South Carolina landlords must return security deposits within 30 days of move-out under S.C. Code Ann. § 27-40-410. Violations can result in up to 3x the wrongfully withheld amount.

S.C. Code Ann. § 27-40-410

Full State Law

South Carolina Security Deposit Law — Full Breakdown

Return deadlines, allowed deductions, penalty multipliers, small claims limits — everything you need to know about South Carolina deposit law is on one page. Read the full South Carolina security deposit law breakdown.

Frequently Asked Questions

Frequently Asked Questions

Does South Carolina require landlords to pay interest on security deposits?

No. South Carolina does not require landlords to pay interest on security deposits. However, your landlord must still return your deposit within 30 days of move-out under S.C. Code Ann. § 27-40-410.

What is my landlord required to do with my deposit in South Carolina?

Your South Carolina landlord must return your deposit within 30 days after you move out. They must provide an itemized statement listing any deductions. Failure to comply can result in penalties.

What happens if my South Carolina landlord keeps my deposit?

If your landlord fails to return your deposit within 30 days, you can sue in small claims court for up to 3x the wrongfully withheld amount. South Carolina small claims courts handle cases up to $7,500.

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DepositHawk is not a law firm and does not provide legal advice. Information and documents are for informational purposes only. No attorney-client relationship is created. Consult a licensed attorney for advice specific to your situation.