2022-12-02
Added · Updated
The Commissioner sets the deposit index for calendar year 2023 at 0.27%, establishing minimum interest rates of 0.27% for rental security deposits and claims for property delivered to the State Treasurer, 0.3% for mortgage escrow accounts, and 1.5% for customer security deposits of public service companies. Additionally, the Commissioner licensed MUFG Bank, Ltd. to establish a representative office in Danbury, Connecticut, which opened on December 1, 2022.