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IOLTA & IORTA

Deposit accounts for lawyers and realtors.

Open an account

Protect your clients while supporting opportunity

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 Desk - Multi Column

    IOLTA

    Interest 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. VSECU 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 Desk - Multi Column

    IORTA

    Interest 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 Fee

    Free and Flexible

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

  • Book

    Streamlined bookkeeping

    Connect your bookkeeping platform with online 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 1

Type

Minimum Balance

APY

APY = annual percentage yield, effective as of 07/01/2020 and reflects the current minimum APY offered.

Type

IOLTA Checking

Minimum Balance

$100

APY

0.75%

Type

IORTA Checking

Minimum Balance

$100

APY

0.75%

Open an IOLTA or IORTA account

You can apply by completing the application and mailing it to VSECU, Attn: VBiz, PO Box 67, Montpelier, VT 05601-0067. You can also drop it off at any branch location.

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Disclosures

1
– Fees may reduce earnings.