Interest Payable on Escrow Accounts Announced

Pursuant to NH RSA 397-A:9, IV, Bank Commissioner Emelia A.S. Galdieri announced the minimum interest rate payable on moneys on deposit in escrow accounts maintained for the payment of taxes or insurance premiums related to loans on property secured by real estate mortgages.

The minimum interest rate shall be 0.00% and shall be effective commencing February 1, 2023 and shall remain in effect until the next rate announcement on August 1, 2023.

Please note that the above rate is applicable only to persons subject to NH RSA 397-A.