Interest Payable on Escrow Accounts

Rate:  0.00%                          Effective: August 1, 2018

The Bank Commissioner has announced the new interest rate to be paid on mortgage escrow accounts, effective August 1, 2018.  The new minimum interest rate is 0.00% and shall remain in effect until the next rate change, effective February 1, 2019.

You may also find this announcement on the State of NH - Banking Department’s web site at www.nh.gov/banking.

If you have any questions, please contact the Banking Department or the Association office.