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Updated over 1 year ago on .
Best bank to hold security deposit
I'm a first-time landlord with just a single rental property. I'm looking for where to open a segregated account to store my new tenant's security deposit.
- NY State based (AFAIK this is a legal requirement)
- Easy to open savings accout
- Reasonable interest
- Branch near Park Slope, Brooklyn
Any recommendations of banks or other criteria I should consider?