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Tom Harkins
Pro Member
  • Rental Property Investor
  • Silver Spring, MD
52
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100
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Montgomery County Security Deposit interest

Tom Harkins
Pro Member
  • Rental Property Investor
  • Silver Spring, MD
Posted Apr 16 2020, 09:11

Where do landlords in Montgomery County, MD keep your tenants' security deposits? I understand the county rule requiring paying 1.5% interest minimum. I also found the online calculator they provide. I'm asking if anyone has found a savings/CD/other account approaching that level of return, or if the expectation is that the interest comes (mostly) out of my pocket.

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