The Maryland Court of Appeals has amended the Maryland Rules of Procedure 16-610, effective April 1, 2008, to ensure that financial institutions that participate in the IOLTA program pay interest rates on IOLTA deposits comparable to other similarly situated accounts.

The Maryland Legal Services Corporation (MLSC) and Maryland State Bar Association (MSBA) applaud financial institution Honor Roll members for going above and beyond the requirements of the revised Maryland rule to foster the IOLTA program in its mission to ensure that low-income Marylanders have access to critically needed legal aid.

We welcome the following Honor Roll members that have agreed to pay a net yield of the greater of 1% or 65 percent or more of the federal funds target rate on IOLTA deposits. For all IOLTA-approved institutions, see the link below the Honor Roll list.