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.