You need to know – Where can an escrow account be held?

YouNeedToKnowWeb500An escrow account can be held at a:

  • Commercial bank
  • Savings association
  • Credit Union

The institution where the escrow account is held must be in the State of Florida

The account can be interest-bearing or non interest-bearing

If the account is interest-bearing, all interested parties must agree in writing who shall receive the interest earned