- Using the drop-down list, select the month and year the deposit was received.
- Then, using the second dropdown list, select the month and the year that the deposit will be refunded.
- Enter the amount of the deposit that is to be refunded. The interest is calculated only on the number of full months that the deposit was held by the utility.
- The interest will be calculated as simple interest based on the LOWEST of interest rate in effect when the deposit was received vs. the interest rate in effect when the deposit is refunded.