Where to keep my tenants security deposit to accrue interest (MD)

[Joshua Velte]

Hello all,

    I know each state is different, but in Maryland we are required to return our tenant's security deposit with accrued interest. Typically this isn't a problem because the percentage is around 1%. However, our small PM company is picking up our 1st client in Prince Georges (PG) County. Their County law requires a 3% return on the security deposit. Does anyone know what type of account I can expect to see 3% returns and still stay within the law? It seems like madness!

Thanks in advance!