The reduction would begin immediately, with the money placed in an interest-bearing account.
And does the deposit money have to be placed in an interest-bearing account?
The law requires the landlord to hold the security in an interest-bearing account and pay tenants the interest each year.
They invest all of that money in stocks, bonds and other interest-bearing accounts.
"Obviously, the sooner we get that money into our interest-bearing accounts, the better it is for us."
Are we required to put this deposit in an interest-bearing account?
It was to be put into an interest-bearing account held by the managing agent.
For interest-bearing accounts, $12 a month and the same transaction charges.
Meanwhile, the government claims that old currency left in interest-bearing accounts should hold its value, so long as it is not spent.
The court will hold the money in an interest-bearing account pending an appeal.