Tenant Lease Security Account
If you're a landlord, building agent, or property manager, you know how time consuming and complicated it can be to manage tenant lease security deposits. We can help ease your administrative burden and ensure regulatory compliance with a Tenant Lease Security account.
Managing Security Deposits Made Simple
Our Tenant Lease Security account is built for Connecticut landlords who need a secure and reliable way to manage rental security deposits. It earns interest at the statutory rate set by the Connecticut Department of Banking, ensuring compliance with state regulations. With full control over access and withdrawals, landlords can keep tenant funds protected while simplifying deposit management.
What You’ll Need to Get Started
It’s easy to open a Tenant Lease Security account by visiting your local branch. Here are some of the documents you will need to provide:
- IRS Form W-9 completed by tenant(s)
- If the landlord is an individual:
- One form of a government-issued photo ID is required, such as a Driver’s License, U.S. Passport, or other government-issued photo ID card.
- If the landlord is a commercial entity:
- Refer to the Business Types guide and locate the applicable entity structure to determine what you’ll need.
- Refer to the Business Types guide and locate the applicable entity structure to determine what you’ll need.
Tenant Lease Security Account Highlights
No-Hassle Security Deposit Rates: We simplify security deposit interest for landlords by paying Connecticut’s required rate.
Easy to open: Open with a $25 minimum deposit and start earning interest today.
Convenient mobile banking: Manage your savings account on the go with our easy-to-use mobile app.
Local support: We're a local bank with a team of experts who are committed to helping you reach your financial goals.
Bank online on your time: Manage your account, view statements, and make transactions with our Online Banking.
Take the Next Step
Get in Touch
Questions about our Tenant Lease Security Account? Fill out the form below to connect with us.
1 A $1 Thomaston Savings Bank service charge will be issued per withdrawal when using another bank’s ATM (additional surcharges from other banks may also apply). No fees apply if your card is used at a participating MoneyPass® ATM.