Not so in Texas (you can consult an attorney to understand more fully) the security deposit is held by the owner or a management company. Nothing requires it to be a trust account. Nothing requires it to be interest-bearing. The law does require it to be accounted for and the proper amount refunded to the tenant within 30 days of termination.
You can read the Texas Property Code on line, if you like. Much of what applies to you is in section 92.
So, unless your lease agreement says it must be held in a trust account or an interest-bearing account, you're free to hold it any way you like. Just account for properly when the lease terminates and refund what is due. You might want to read up on "normal wear and tear" and where to send the refund, too.
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Delicatehand.... you as the owner do not have to have a Trust account.
This is common other places like CA.
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