Montgomery County Security Deposit interest

[Tom Harkins]

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.

[Russell Brazil]

It needs to be deposited in an FDIC insured account in the state of Maryland and not comingled with personal funds. It is the landlords obligation to pay the interest dictated.