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