Person Signing Document

IOLTA & IORTA Accounts

Deposit accounts designed for lawyers and realtors.

Protect your clients with a secure deposit account

If you’re a lawyer or a realtor, you need an account that will keep your client’s deposits safe. Why not support the Vermont Bar Foundation or the Vermont Housing Authority with higher dividends while you’re at it?

Lawyer Working on iPad with Documents

IOLTA

Dividends on Lawyers Trust Accounts (IOLTAs) are accounts developed from a program mandated by the Vermont Supreme Court. It requires lawyers or law firms to establish pooled dividend-bearing accounts for client deposits. EastRise will send all dividends earned to the Vermont Bar Foundation (VBF). This money is used to support civil legal services and justice programs for those who are unable to afford such services.

Realtor Working with Young Couple

IORTA

Dividends On Realtors Trust Accounts (IORTAs) are available for Realtors who are required by law to maintain a dividend-bearing account for client deposits and down payments on the purchase of a home. All dividends earned on IORTA accounts are sent to the Vermont Housing Finance Authority (VHFA). The VHFA uses this money to support grants that provide housing opportunities for individuals/families that are unable to afford such services.

Benefits

No Fees

Free and flexible

Get access to free checking, unlimited transactions, and free online and mobile banking—all for no monthly fee.

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Streamlined bookkeeping

Connect your bookkeeping platform with Digital Banking to simplify your finances.

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Higher dividends

The more you earn, the more you can help the VBF or VHFA provide access to legal services, justice programs, or housing opportunities to underserved communities.

Current rates

IORTA & IOLTA

Type

APY

Rates effective 10/08/2024

APY = annual percentage yield and reflects the current minimum APY offered. Fees may reduce earnings.

Type

IOLTA Checking

APY

1.51%

Type

IORTA Checking

APY

1.51%

Open an IOLTA or IORTA account

You can apply by completing the application and mailing it to EastRise Credit Union, Attn: Business Lending, PO Box 527, Williston, VT 05495. You can also drop it off at any branch location.

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