Prime Partners

The Texas Access to Justice Foundation works closely with Texas banks to ensure their participation in the Interest on Lawyers’ Trust Accounts (IOLTA) Program. Per Supreme Court of Texas rules, IOLTA accounts must be held at banks that pay interest rates comparable to similarly situated accounts. 

Prime Partner banks, listed below, go above and beyond eligibility requirements by paying, net of allowable reasonable fees, the higher of  1) 75.00% or more of the Fed Funds Target Rate; or 2) a minimum of 1.00% on IOLTA accounts.  The additional interest ensures more funding for legal aid.   The State Bar of Texas passed a resolution to urge support of the Prime Partner program in January 2011.
 

 

Since September 2007, the Federal Reserve has lowered the Fed Funds Target Rate from 5.25%  to a range of 0 - .25 %.  This means that IOLTA projected revenue continues to decrease as well.

You can help by doing one the following:

  1. Bank at a Prime Partner bank.
  2. If you do business with a non-Prime Partner bank, persuade the bank to become a Prime Partner.
  3. If you are employed by a non-Prime Partner bank, persuade the bank to become a Prime Partner.

View all eligible banks.

Recent News

 

May 2, 2012

Champions of Justice Gala Raises $413,000 for Legal Services for Low-Income Texas Veterans

April 5, 2012

Sen. Jose Rodriguez Honored with Legislative Hero Award

Mar. 22, 2012

TAJF Presents Prime Partner Awards to Collin County Banks

Mar. 9, 2012

TAJF Presents Prime Partner Award to Two Amarillo-Area Banks

Feb. 28, 2012

Awards Presented to Laredo Judges and Lawyers for Pro Bono Efforts in Conjunction with Texas Supreme Court Visit 

Feb. 24, 2012

Texas Rep. Jim Pitts Receives the Texas Access to Justice Legislative Hero Award

Feb. 16, 2012

Texas Senator Robert Duncan Receives the Texas Access to Justice Legislative Hero Award

Jan. 27, 2012

Statement on News Regarding the Hold on Low Interest Rates and the Effect on Legal Aid Programs

Dec. 15, 2011

Texas Senator Kirk Watson to Receive Texas Access to Justice Legislative Hero Award

Nov. 15, 2011

Statement on Funding Cuts to Texas LSC-funded Legal Aid Programs

Nov. 4, 2011

State Bar Gives $1.75 Million for Student Loan Repayment Program

Oct. 25, 2011

Texas Joins in National Pro Bono Celebration: Supreme Court of Texas Issues Resolution

Oct. 3, 2011

Rep. Pete Gallego Reappointed to TAJF Board

 

More news

© 2012 Texas Access to Justice Foundation