North Carolina Interest on deposits

Does a landlord have to pay interest on a security deposit in North Carolina?

North Carolina's Tenant Security Deposit Act (G.S. 42-50 to 42-56, read in full on 2026-10-15) requires deposits to be held in a trust account at an insured institution or covered by a bond. It does not require interest to be paid to the tenant.

Verified Source: N.C. Gen. Stat. §§ 42-50 to 42-56 · last checked 2026-10-15