Interest Payable on Escrow Accounts

Rate:  0.00%                          Effective: August 1, 2019

The Bank Commissioner has announced the new interest rate to be paid on mortgage escrow accounts, effective August 1, 2019. The new minimum interest rate is 0.00% and shall remain in effect until the next rate change, effective February 1, 2020.

Please see the NH Banking Department's memo. 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.