Regulatory Alerts2019-12-06
Added · Updated
Bulletin 2911 - December 6, 2019
The Connecticut Banking Commissioner sets the deposit index for calendar year 2020 at 0.15%. This index determines the minimum interest rates for rental security deposits and claims for funds delivered to the State Treasurer, both set at 0.15%. Mortgage escrow accounts must earn at least 0.20%, while security deposits for public service and telecommunications customers must earn at least 1.5%. These rates apply from January 1, 2020, through December 31, 2020.
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