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 You Are Here: Home >Products & Services >Personal Banking >Deposit >IOLA/IOLTA

IOLA/IOLTA

 

1. Attorney Escrow Accounts

a) 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
-- Minimum $100 to open account
-- 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

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