Interest on Lawyers Trust Account Checking

Information and FAQs

Cornerstone Bank complies with the state of Massachusetts’ IOLTA (Interest on Lawyers’ Trust Account) board to establish IOLTA accounts for attorneys and law firms that maintain escrow funds for multiple clients. The interest earned is collected and distributed to a variety of legal programs that aid the underprivileged.

Interest on Lawyers Trust Account* includes the following features:

  • $25 minimum deposit to open
  • No monthly maintenance service charge
  • Unlimited monthly activity
  • Detailed monthly statement

Contact any one of our banking representatives to find out the best checking account product for your business needs.

*If account balance is $0.00 or less for 60 consecutive days the account will be closed.