IOLTA Leadership Banks support legal aid in your community

Issue May 2012

Did you know that by banking with an Interest on Lawyers' Trust Accounts Leadership Bank, you can help support legal aid to the poor in our state?

Many banks participate in the state's IOLTA program, but a select few go above and beyond to provide interest rates of at least 1 percent on IOLTA accounts. This earns them the designation of Leadership Bank from the Massachusetts IOLTA Committee.

The dramatic drop in interest rates, together with the prolonged effects of the recession, have led to significantly reduced funding through the IOLTA Program.

The MBF is grateful to those banks that have kept their interest rates at the Leadership Level and thus, generated more funds for civil legal aid at a time when the needs of our most vulnerable neighbors far exceed the resources

We encourage everyone to visit the list of Leadership Banks at and consider doing your business with an IOLTA Leadership Bank.