Banking Partners
For a PDF of IOLTA Questions & Answers for Attorneys, click
here.
For a PDF of IOLTA Questions & Answers for Financial
Institutions, click here.
The following financial institutions participate in the Bar Foundation's IOLTA program. If you would like to participate in the IOLTA please print the
Notice to Financial Institution and submit this form to your bank/credit union.
Interest rates as of their last remittance are also indicated.
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PRIME PARTNERS
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The following financial institutions have adopted leading
comparable rates for IOLTA Accounts:
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| Auburn Savings Bank
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2.76
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| Saco & Biddeford Savings
Institution
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2.76
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| University Credit Union
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2.76
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| Bar Harbor Banking and Trust Company
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2.50
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Kennebec Savings Bank
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2.10
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| Bangor Savings Bank
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2.00
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| First Federal Savings & Loan
Assoc. of Bath
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2.00
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Katahdin Trust Company
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2.00
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| Rockland Savings & Loan
Association
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1.32
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| Damariscotta Bank & Trust
Company
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1.30
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Gorham Savings Bank
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1.30
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Machias Savings Bank
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1.30
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| Skowhegan Savings Bank
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1.30
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| The First, N.A.
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1.30
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Prime Partners - Tiered Rates
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| Sanford Institution for Savings
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0.24 - 2.77
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Ocean National Bank
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0.30 - 2.03
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| Merrill Bank
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1.00 - 1.59
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Mechanics Savings Bank
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0.309 - 1.302
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Key Bank, N.A.
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1.10 - 1.30
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Rivergreen Bank
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0.50 - 1.25
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ELIGIBLE INSTITUTIONS
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| The following financial
institutions have indicated a willingness to adopt comparable
rates for IOLTA Accounts:
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These are their rates:
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Camden National Bank
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1.29
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| Norway Savings Bank
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1.25
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| Bank of America, N.A.
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1.20
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| Franklin Savings Bank
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0.85
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| Kennebunk Savings Bank
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0.75
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NorState Federal Credit Union
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0.75
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| Northeast Bank
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0.75
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| Lincoln Maine Federal Credit Union
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0.50
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| Maine Bank & Trust
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0.50
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| New Dimensions
Federal Credit Union
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0.50
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| Border Trust Company
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0.30
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| Atlantic Regional Federal Credit
Union
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0.15
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| Androscoggin Savings Bank
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0.10
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| Biddeford Savings Bank
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0.10
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Eligible Institutions - Tiered Rates
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| Savings Bank of Maine
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0.50 - 1.25
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Kennebec Federal Savings
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0.25 - 0.50
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Bath Savings Bank
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0.20 - 0.25
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| Katahdin Federal Credit Union
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0.05 - 0.25
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PENDING
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| The following financial
institutions currently offer these rates. As the new
Court Rule is implemented, they are being given the
opportunity to reach compliance:
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Current Rate
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| TD Banknorth, N.A.
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1.24
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| All rates effective as
of July 1, 2008.
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