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Interest on Lawyers Trust Account (IOLTA)

This is a special account used by attorneys to hold small dollar, short term escrow funds.

  • Deposited funds earn interest, which is then transferred to Maryland Legal Services Corporation by BankAnnapolis, less monthly service charges.
  • Monthly account service charges:

    • $15.00 monthly maintenance fee
    •   $0.15 each check paid
    •   $0.20 each deposit
    •   $0.12 each check deposited
    •   $0.12 each ACH debit
To learn more about our business checking solutions or to get to know your own Private Business Banker , contact our Private Business Banking Division to set up a meeting today, give us a call at  410-224-4475 or view a special multimedia presentation. (By the way, switching banks to BankAnnapolis is easy. We do all the work!) 
 
Check current business deposit rates.