A clamp arrangement for releasably securing an accessory to an oscillating power tool can include a tool body including a motor that drives an output member. A clamp assembly can include a first clamp member that moves relative to the accessory between a closed position wherein the clamp assembly retains the accessory and an open position wherein the first clamp member of the clamp assembly is offset from the accessory permitting removal of the accessory from the clamp assembly. A lever can have a user engagement portion and a pivot portion including a pivot axle. The lever can be pivotally coupled to the tool body about the pivot axle between a first position, wherein the clamp assembly is in the closed position and a second position wherein movement of the user engagement portion of the lever causes the clamp assembly to be moved to the open position.