A cutting tool includes a hole saw, a pilot bit, and an arbor assembly. The arbor assembly includes a shank, a body, a first engagement member moveable relative to the shank, the first engagement member engaging the hole saw to releasably secure the hole saw to the shank, and a second engagement member moveable relative to the shank, the second engagement member engaging the pilot bit to releasably secure the pilot bit to the shank. The body is moveable to a first position where the hole saw and the pilot bit are secured to the arbor assembly, to a second position where the first engagement member disengages the hole saw, allowing removal of the hole saw from the shank, and to a third position where the second engagement member disengages the pilot bit, allowing removal of the pilot bit from the shank.

A cutting tool may include a cutting accessory defining an opening and a channel formed on an inner surface of the cutting accessory. A cutting tool may include an arbor assembly including a shank having a first end received in the opening of the cutting accessory and a second end configured to be coupled to a power tool, a body movable relative to the shank, and an engagement member movable with the body relative to the shank, the engagement member configured to selectively engage the channel of the cutting accessory to releasably secure the cutting accessory to the shank.

A modular drill is disclosed. The modular drill includes a tool shank extending along a rotational axis. The tool shank includes a shank top end and a shank bottom end along a rotational axis and includes a cam slot extending at least partially through a width of the tool shank. The modular drill includes a cutting head extending from a cutting head top surface to a cutting head bottom surface centered on the rotational axis. The cutting head includes a draw pin extending from the bottom surface of the cutting head along the rotational axis and a draw pin notch. The modular drill includes a clamping cam including a cam shaft contacting the draw pin notch.

The present invention provides a tool for drilling, the tool comprising two or more cutting edges and a web thinning, in which a thinning heel surface facing backward in a rotating direction of the tool is formed by a convex surface, and in which a thinning angle gradually becomes smaller from a leading end of the tool toward a base end thereof. A thinning rake surface of the web thinning may be shaped straight so as to extend from an area around a center of the tool and in a radial direction or a parallel direction thereto in a tool front view. A thinning rake surface may be shaped in a helix in an opposite direction to the rotating direction of the tool so as to extend from an area around a center of the tool and in a radial direction in a tool front view.