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IOLTA

An Interest on Lawyers’ Trust Account (IOLTA) is a separate trust account designed for law firms to hold their clients’ funds.
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Support our local justice system with an IOLTA

When law firms are required to hold clients’ funds, they are placed in a trust account separate from the law firm’s funds. These firms can combine these client funds into a pooled, interest-bearing account called an Interest on Lawyers’ Trust Account (IOLTA).

The interest earned on IOLTA funds is combined and distributed (in Oregon by the Oregon Law Foundation and in Washington by the Legal Foundation of Washington) to support improving the justice system and provide civil legal aid to low-income individuals who cannot afford legal services and assistance. In Oregon, it is also used to promote diversity in the legal profession and educate the public about the law. In 2024, OnPoint’s IOLTA interest payments to law foundations totaled $564,000.

IOLTA Checking
as high as
3.386%
APY1

OnPoint is proud to offer law firms IOLTA Checking accounts with great benefits.

Some additional benefits of an IOLTA for law firms:

No membership fees, monthly fees, or annual fees

Interest earned helps provide legal aid to low income individuals

OnPoint IOLTA Checking accounts are NCUA insured

IOLTA Checking
IOLTA Checking

Opening Balance

Interest rate2

Annual percentage yield (APY)1

Earnings Credit

Monthly Service Fee

Rates Effective: 11-05-2025

  1. APY = Annual Percentage Yield
  2. APR = Annual Percentage Rate
  3. Monthly service fee and per item charges are calculated via account analysis.
  4. Overdrawn Balance Rate (APR) is variable at Prime + 5.00%. Subject to adjustment on the 21st day of each month based on the Prime Rate published in the Wall Street Journal on the 10th day of the month for the next business day if the 10th falls on a weekend. Current Prime Rate is As of 10/10/25, Prime Rate is 7.25%..
  5. Interest earned is sent to the applicable State’s legal foundation, as required by law.
  6. All interest is compounded and credited monthly.
  7. For more information, please refer to the Business Membership & Account Agreement.

Opening Balance

$0.00 and higher

Interest rate2

3.33%6

Annual percentage yield (APY)1

3.38%6

Earnings Credit

N/A

Monthly Service Fee

N/A

Supporting tomorrow, today.

A sound and equitable justice system is critical to a strong community, and we’re excited to work together to support this cause while supporting your business. Discover the benefits of IOLTA checking with a $0 minimum balance to open an account.

Submit a membership request, contact us at 800.527.3932, or visit your local branch to get started.

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