Escrow Interest Rules Change | Raleigh News

Raleigh News Today | 2 Min News | The Daily News Now! · Aug 18, 2026 · 1m

Mortgage escrow accounts—those handy little savings pots for property taxes and insurance—are losing a sweet perk: interest. For years, banks in 12 states and 2 territories had to pay homeowners interest on that money, but new federal rules now require national banks to stop. This move, aimed at giving banks more control, has sparked outrage from 10 state attorneys general, including Oregon and New York, who’ve sued claiming the federal government overstepped and violated post-2008 consumer protections. Homeowners should check their statements—interest may have vanished, or at least…