Can Bank Account for Security Deposit accrue interest?

[Sam Morgan]

Basic bank account structuring:

Can Checking and Savings Accounts for individual properties be within the same institution from which I do my personal banking?

If so, can the Savings Account for one property designated to hold the Security Deposit accrue interest? 

Thanks!

[Kyle J.]

Hey @Sam Morgan, now that we know your state, here's a few links you may find helpful:

North Carolina Tenant Security Deposit Act

North Carolina Real Estate Commission: Questions and Answers on Tenant Security Deposits

Dawson Property Management: The Basics of North Carolina’s Security Deposit Law

The Balance: Basics of North Carolina's Security Deposit Law