Interest on Lawyers' Trust Accounts (IOLTAs)

Who can open an IOLTA?Map showing Pima, Pinal, Maricopa, & Cochise Counties -- plus the Copper Basin area.

Law firms operating in these geographic areas:

  • Pima, Pinal, Cochise, or Maricopa Counties
  • Gila River Indian Community Reservation
  • Arizona’s “Copper Basin” Area

 

About

IOLTAs

Why open an IOLTA?

Attorneys most commonly store two types of funds in IOLTAs.

  1. Client payments for services not yet performed
  2. Money that may be owed to a third party such as a medical provider

Combine client funds into a single account.

  • No minimum balance to open
  • No minimum balance requirement
  • No monthly fee with eStatements
Rates accurate as of Sunday, January 22, 2017:

0.20% Annual Percentage Yield

Vantage West does not answer legal questions regarding IOLTAs.  For inquiries on Arizona IOLTA rules and laws, please contact the State Bar of AZ or the AZ Foundation for Legal Services & Education.