The MSBA recognizes banks that pay the highest rates on IOLTA accounts (as of February 2023 a minimum of 1.0% on some accounts, including higher balance accounts) and do not charge fees on those accounts:

• Arcadian Bank
  
• Choice Bank
  
• Olmsted National Bank
  
• Park State Bank
  
• United Valley Bank
• 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.