Can my security deposit go to an interest bearing account?

Can my security deposit go to an interest bearing account?

Whether your security deposit can go into an interest-bearing account might be a regulation that varies by state, even by city. For example, in California, landlords aren't required to put the security deposit into an interest bearing account. However, for the city of Los Angeles, for example, landlords who have rent controlled properties must put the security deposit in an interest bearing account.