Prime Partners

Prime Partners go above and beyond eligibility requirements to foster the IOLTA Program.
These institutions pay an interest rate, net of allowable reasonable fees, that is equal to the
higher of 75% of the Federal Funds Target Rate or 0.75%.

                                                                       (formerly known as Beach First National Bank)

                                                                                       Pickens Savings & Loan

Benchmark Banks

The IOLTA Rule also allows eligible financial institutions to apply a benchmark rate, net of allowable reasonable fees, that is equal to the higher of 65% of the Federal Funds Target Rate or 0.65%.

Other Eligible Financial Institutions

Eligible Institutions are financial institutions that meet the standards of the eligibility requirement as defined by IOLTA Rule 412. These banks strengthen the IOLTA Program, thereby generating more funds to advance justice.

If you would like to open an IOLTA account at a bank not on this list, please ask that bank’s personnel to contact us so that they may become an eligible IOLTA bank.

IOLTA Rule 412 has been amended to include interest rate comparability. The rule change was effective June 15, 2010. Financial partners should review this link for more information.

You can help by doing one of the following:

1. Bank at a Prime Partner

    or Benchmark Bank.

2. If you do business with

    another bank,   

    persuade the bank to

    become either a Prime

    Partner or Benchmark

    Bank.