Security deposit in Massachusetts

[Johnny Fullerton]

I thought through all my readings I came to the conclusion that in MA you needed to have the tenants security deposits interest-bearing account, but my real estate agent said it isn't required. Any input helps thank you

[Rob L.]

You may want to show them this link so they stop giving incorrect information. 

"Because a security deposit is your money and because if you had it, it could be earning interest in a bank, you are entitled to earn interest on it."

https://www.masslegalhelp.org/housing/legal-tactic...