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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.
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 for 2009
has dropped to less than $1.5 million.
You can help by doing one the following:
- Bank at a Prime Partner bank.
- If you do business with a non-Prime Partner bank, persuade the bank to become a
Prime Partner.
- If you are employed by a non-Prime Partner bank, persuade the bank to become a Prime
Partner.
View all
eligible banks.
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Recent News
June 16, 2009
Commission and Foundation Launch Statewide
Cy Pres—Impact on Justice Campaign to Raise Funds for Legal Aid Services
June 3, 2009
"Legislature
finds funding to bolster legal aid"
Fort Worth Star-Telegram
May 28, 2009
"TAJF's 25th Anniversary Gala"
Texas Bar Blog May 28, 2009
Commission & Foundation Recognize Contributors at 25th Anniversary Gala May 8, 2009
"Legal Aid Safety Net Unraveling"
San Antonio Business Journal
April 26-May 2, 2009
Texas events for National Crime Victims Week
April 14, 2009
"Brother,
Can You Spare a Lawyer"
Southeast Texas Record
April 9, 2009
"Don't let the safety net unravel"
Austin American-Statesman
April 8, 2009
"All It
Takes Is One (at a Time)"
San Antonio Lawyer Encourages All Texas Lawyers to Contribute
April 4, 2009
"Texas' legal aid system is at risk of collapsing" Corpus Christi Caller-Times
April 3, 2009
"Trouble in Triage" Texas Observer
April 2, 2009
"Legal aid for poor comes under threat" by Justice Harriet O'Neill, Houston Chronicle
April 1, 2009
"Texas must save legal aid program" by Justice Harriet O'Neill, Amarillo Globe News
More news
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