Hi,

Is it compulsory for an institution that requires a deposit to keep this deposit in an interest bearing account and then when the time for the refund of the deposit arrives, to refund this deposit to you including interest earned on it? (ie. if your child's school holds your deposit for the 4 years that your child is in their school and refunds the deposit when your child leaves the school - can they refund you the amount that you paid 4 years ago, or must it have increased with the interest on that money).

THANKS!