The MSBA recognizes banks that pay the highest rates on IOLTA accounts (currently a minimum of 1% on some accounts, including higher balance accounts) and do not charge fees on those accounts:
Bank of America
BMO Harris
Minnesota Bank and Trust
Unity Bank North
US Bank
Wells Fargo
IOLTA revenue contributes essential funding for civil legal services and pro bono programs, which help people meet their families' basic needs for shelter, safety and health.
Watch an ABA video on the history of IOLTA.
Questions? Contact
Sherri Knuth, Access to Justice Director