Interest on Lawyers' Trust Checking

Fidelity Bank Interest on Lawyers' Trust Checking Account

Trust and Compliance for Attorneys

At Fidelity Bank, our specialized Interest on Lawyers' Trust Account (IOLTA) is designed for attorneys and law firms to securely manage client funds. This flexible, FDIC-insured account meets Louisiana Bar Association regulations with no minimum deposit or monthly fees. Interest earned is remitted to support legal aid services, ensuring your trust funds contribute to access to justice. With detailed recordkeeping and competitive interest rates, Fidelity Bank provides the tools attorneys need for compliant, efficient client trust management.

Key Features

  • Compliant & Secure
  • Competitive Interest
  • Unlimited Transactions
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IOLTA Checking Account Details

An Interest on Lawyers' Trust Account (IOLTA) is a pooled trust checking account that helps attorneys manage client funds responsibly while supporting legal aid programs. The interest earned on these funds is remitted to the Louisiana Bar Association, which helps fund access to justice initiatives and legal aid services.

Fidelity Bank’s IOLTA account offers an easy, secure, and ethical way for attorneys to manage client trust funds in compliance with state regulations.

Benefits and Features

  • No Minimum Opening Deposit - Start your IOLTA account without any initial deposit requirements.
  • No Minimum Balance Requirement - Enjoy the flexibility of no minimum balance to maintain, allowing you to focus on your clients’ needs.
  • Complies with State Bar Regulations - Fully meets the Louisiana Bar Association’s requirements for handling trust funds, ensuring compliance with professional legal standards.
  • Ethical Fund Management - Our IOLTA account helps attorneys manage client funds in line with ethical responsibilities, providing peace of mind and maintaining professionalism.
  • FDIC Insurance Coverage - Your funds are insured by the FDIC, subject to applicable limits and trust account rules, offering added security for your clients' money.
  • Flexible Fund Collection - Easily collect and hold funds from multiple sources within a single account, making it simple to manage client trust funds.
  • Detailed Recordkeeping - Track individual client funds accurately within the same account, ensuring transparency and separation from your law firm’s operating account.
  • No Monthly Service Fee - Enjoy a monthly service fee waiver, making it an affordable option for attorneys and law firms.
  • Competitive Interest Rate - Earn interest on your trust account with a current interest rate of 2.5500% and a 2.58% APY. Interest is calculated daily and compounded monthly. Rates are subject to change by the Louisiana Bar Association.
  • Interest Remitted to Louisiana Bar Association - The interest earned is automatically credited to a Louisiana Bar Association IOLTA account, supporting local legal aid services.
  • No Transaction Limitations - There are no restrictions on the number of transactions, providing the flexibility to manage your trust funds efficiently.
  • Transparent Fees - For a complete list of fees, please refer to the Fidelity Bank Fee Schedule.
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IMPORTANT INFORMATION: The content of this page is informational only. Accounts are subject to approval and eligibility requirements. Other miscellaneous fees apply. The terms of the accounts, including any fees or features, may change. Interest rates are subject to change based on the Louisiana Bar Association’s guidance. This account complies with the Louisiana Bar Association’s IOLTA requirements, but it is the responsibility of the attorney or law firm to ensure that they are in full compliance with applicable state and federal regulations. See the Account Agreement, Electronic Funds Transfer Disclosure and Agreement, Funds Availability Policy Disclosure, Substitute Check Policy Disclosure, and Fee Schedule for the terms and conditions associated with these products.