Tennessee Interest on deposits

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

No interest is required. Deposits must be held in an account used only for deposits at a regulated bank or lender, and tenants must be told the account location (not the number) at signing. (Applies in counties covered by the URLTA, those with more than 75,000 people.)

Verified Source: Tenn. Code Ann. § 66-28-301(a), (h) · last checked 2026-10-15