IOLTA Pooled & Individual Attorney Trust Accounts
Streamline your firm's finances with a cost-efficient IOLTA account from Salal.
Salal’s attorney trust accounts are specially designed to be cost-effective and simple to use. Our IOLTA Pooled accounts are approved by the Legal Foundation of Washington, the Oregon Law Foundation, and the State Bar of California. Account features include convenient remote check deposit and digital banking with the option of multiple sub-users for easy delegation of administrative tasks. Your team is also supported by an experienced legal trust banking officer ready to advise or help with your account when you need it.
IOLTA accounts are only available in WA, OR and CA.
Up to
2.25
A great option if you want:
- IOLTA fees charged to a separate account for easy and transparent fee recovery, keeping bookkeeping simple and administrative costs low.
- Accounts managed by experts with 20+ years of experience working with legal professionals.
Table Scrolls Right.
| ACCOUNT | MINIMUM DAILY BALANCE REQUIREMENT | INTEREST RATE | APY. |
|---|---|---|---|
| IOLTA POOLED | $0.01 - $9,999.99 | 0.35% | 0.35% |
| $10,000.00 - $24,999.99 | 0.50% | 0.50% | |
| $25,000.00 - $49,999.99 | 0.75% | 0.75% | |
| $50,000.00 - $99,999.99 | 1.00% | 1.00% | |
| $100,000.00 - $249,999.99 | 1.49% | 1.50% | |
| $250,000.00 - $499,999.99 | 1.74% | 1.75% | |
| $500,000.00 - $999,999.99 | 1.98% | 2.00% | |
| $1,000,000.00 + | 2.23% | 2.25% | |
| INDIVIDUAL ATTORNEY TRUST | $0.01 - $9,999.99 | 0.35% | 0.35% |
| $10,000.00 - $24,999.99 | 0.50% | 0.50% | |
| $25,000.00 - $49,999.99 | 0.75% | 0.75% | |
| $50,000.00 - $99,999.99 | 1.00% | 1.00% | |
| $100,000.00 - $249,999.99 | 1.49% | 1.50% | |
| $250,000.00 - $499,999.99 | 1.74% | 1.75% | |
| $500,000.00 - $999,999.99 | 1.98% | 2.00% | |
| $1,000,000.00 + | 2.23% | 2.25% |
APY = Annual Percentage Yield. Fees could reduce earnings on the account.
Questions?
We’re here to help.
Let us know the best way to contact you and a Salal Business Banking Specialist will get back to you.
