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What's an account that has "non compounded interest right at 1% per annum" for security despot holdings?

Hello !  My state requires that I hold my tenants security deposit in an account that will earn "noncompounded interest at 1% per annum," I call the banks and no one has heard of this or can help me, I have no idea what account to put this security despot in that meets that requirement? Please help
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This simply is an escrow account that does not bear interest. This way you are not making money on the security deposit it is simply put in holding.
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