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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. 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:
- 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
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
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