Interest on Lawyer Trust Account Program (IOLTA)

As an Honor Roll Gold Member for IOLTA accounts with Maryland Legal Services, BCSB pays 1.00% Annual Percentage Yield (APY)*, which benefits Maryland Legal Services Corporation Fund for grants to programs which provide civil legal services to the poor.

The Maryland Legal Services Corporation (MLSC) was established by the Maryland General Assembly in 1982 to raise funds and make grants to nonprofit organizations for the provision of civil legal assistance to low-income persons in Maryland.

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*Annual Percentage Yield (APY) is effective as of the date noted above and are subject to change without notice. No minimum balance is required. Interest is computed from the day of deposit to day of withdrawal, compounded daily and paid quarterly. Interest is paid by BCSB and benefits Maryland Legal Services Corporation Fund. Normal IOLTA administrative fees apply and reduce earnings.