Customer Deposit Interest Rate Set for 2017

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Customer Deposit Interest Rate Set for 2017

January 13, 2017

The interest rate for utility customer deposits has been set by the Commissioner of the Minnesota Department of Commerce. The rate for 2017 is 0.8 percent.  State law requires that all utilities, including municipal utilities, pay a specific interest rate on customer deposits.

For more on this change of interest rate, go to the Department of Commerce website.

 

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