The Alabama Law Foundation works closely with Alabama banks to ensure their participation in the Interest on Lawyers Trust Accounts (IOLTA) Program. Per Supreme Court of Alabama rules, IOLTA accounts must be held at banks that pay interest rates comparable to similarly situated accounts.
Prime Partner banks, listed below, go above and beyond eligibility requirements by paying at least 55 percent of the Federal Funds Target Rate. The additional interest ensures more funding for legal aid. We thank these financial institutions to their commitment to equal justice for all Alabamians.
JP Morgan Chase
Pinnacle Bank, Nashville