IOLA (Interest On Lawyer Account) / IOLTA (Interest on Lawyers Trust Account)
Accounts are opened by attorneys for the benefit of their clients who have funds to be held in trust
A low minimum opening balance of $100
We pay interest monthly at variable interest rates, computed daily on a 365-day basis, when the average daily balance is maintained at the minimum of $100 or above*
No service charge and no minimum account balance
No handling fee for remittance of interest
Unlimited FDIC insurance coverage.**
*
A monthly service charge of $10 applies if the average daily balance is below $100.
