An escrow account for attorneys and law firms
(Business entity must be owned and operated within Pennsylvania)
An Interest On Lawyers Trust Account, or IOLTA, is a checking account available to attorneys and law firms that maintain escrow funds for multiple clients. An IOLTA checking account pools the funds into a single, interest bearing account.
Account Features
- No monthly maintenance service charge
- No minimum balance required to open
- No minimum balance required to earn the stated interest
- FREE first order of 50 checks1 (limited design)
- Statements - Electronic or paper statements are available at no charge
1 Order must be placed at account opening using Bank's vendor
Note: Bill pay and debit card access are not available for this account
| Tiers | Interest Rate | APY |
|---|---|---|
| All Balances | 3.93% | 4.01% |
- Interest is compounded daily & earned on the daily balance
- No monthly maintenance service charge
- No minimum balance required to open
- No minimum balance required to earn the stated interest
- This is a variable rate account. The interest rate and APY may change after account opening
- Fees may reduce the earnings on the account
- Rates are subject to change at any time without notice
How to Apply
If you’re interested in applying for a business deposit account, you can visit our location at 4029 West Tilghman Street, Allentown, PA during business hours or contact us.