Prime Partners Program
Across the Commonwealth (and the nation), IOLTA revenue is a significant source of funding for civil legal aid programs working on behalf of low-income individuals and families. For this reason, where you bank matters.
LSCV is grateful for the partnership of the financial institutions in Virginia who participate in the IOLTA program. The list below celebrates our Prime Partners who have agreed to waive fees and offer Virginia’s most competitive interest rates on IOLTA accounts. These rates translate directly to more money for legal aid programs to help Virginia residents in need of assistance.
If your IOLTA bank is not on this list, please take a moment to ask them to raise their interest rates on IOLTA accounts. It’s a simple way to improve access to justice for all Virginians.
IOLTA interest rates of at least 3.38% (75% of the Fed Funds Rate)
IOLTA interest rates from 2.93% up to 3.38% (at least 65% of the Fed Funds Rate)
Bank of Tennessee
Pinnacle Bank
IOLTA interest rates from 2.48% up to 2.93% (at least 55% of the Fed Funds Rate)
Bank of America
Bank of Charles Town
Bank of Clarke
BankUnited, N.A.
BMO Bank, N.A.
Citibank, N.A.
EagleBank
Encore Bank
Fulton Bank
JP Morgan Chase
Legacy Bank
MainStreet Bank
Manufacturers and Traders Trust Co. (M&T Bank)
Mountain Commerce Bank
PNC Bank, N.A.
Renasant Bank
Sandy Spring Bank
TD Bank, N.A.
Trustar Bank
United Bank
Rates as reported to LSCV by 2/4/2025.
Note to financial institutions —
LSCV will recognize participating financial institutions through the Virginia IOLTA Prime Partners Program as follows:
Financial institutions that waive fees and pay an interest rate on IOLTA accounts of at least 55% of the Fed Funds Rate (FFR) will be listed on this webpage.
Financial institutions that waive fees and pay an interest rate on IOLTA accounts of at least 65% of the FFR will be listed on this webpage and will also receive a Community Reinvestment Act (CRA) letter each year detailing their IOLTA contributions in support of Virginia’s low-income communities.
Financial institutions that waive fees and pay an interest rate on IOLTA accounts of at least 75% of the FFR will be listed on this webpage, will receive a CRA letter each year detailing their IOLTA contributions in support of Virginia’s low-income communities, and will have their hyperlinked bank logos displayed on this webpage for additional visibility.
LSCV will use the upper limit of the FFR range for determining recognition tiers. (For example, 55% of the upper limit of the current FFR of 4.25-4.5 is equivalent to 2.48%.) LSCV will update the website by the first of the month following any change in the FFR.
Please send any changes or corrections to info@lscv.org.