When Jack, the landlord for 5604 wagon wheel street, receives money given as a security deposit she may deposit the funds in one three ways.

Which is the INCORRECT way to deposit the security deposit?

a. hold the money in a separate interest-bearing Florida Bank, and pay the tenant 75% of any annualized average rate or 5% per year simple interest

b. hold the money in a separate non interest-bearing Florida Bank account and not commingle funds until due to the tenant

c. post a surety bond with the clerk of the circuit court in the county in which the rental property is located

d. hold the money in any bank, credit union or savings and loans institution located in any of the 50 states and may not commingle

(please explain properly with a valid reason)