Interest on Lawyers' Trust Accounts (IOLTAs)
Who can open an IOLTA?
Law firms operating in these geographic areas:
- Pima, Pinal, Cochise, or Maricopa Counties
- Gila River Indian Community Reservation
- Arizona’s “Copper Basin” Area
Why open an IOLTA?
Attorneys most commonly store two types of funds in IOLTAs.
Combine client funds into a single account.
Rates accurate as of Wednesday, May 24, 2017:
0.20% Annual Percentage Yield